EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (2024)

EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (1)

Axie Infinityis a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as ‘Axies’ which are digitized as NFTs.

The game has drawn the attention of many people given that it is the leading title out of the emerging gameFi landscape which merges finance and gaming. According to reports, some people in countries such as the Philippines and Indonesia are earning so much from the game that they can support their families.

With Axie Infinity, there are several ways currently available to earn money from the game.

Some of the most common ways are:

EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (2)

1. Harvesting Smooth Love Potions ($SLP)

EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (3)

Earning the in-game token Smooth Love Potion ($SLP) is the most common way for people to make money playing Axie Infinty.

While going through the gameplay by fighting battles and completing quests, you get rewarded in $SLP just like you’d earn points in a traditional video game. SLPs are a valuable resource and in high demand because they are required when breeding Axies, which is another way of earning money.

But on their own, when you earn SLPs, you can then sell or trade them on the Axie Marketplace.

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SEE ALSO: How to Set Up a Ronin Wallet in 5 Easy Steps to Play Axie Infinity

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There are different ways to earn Smooth Love Potions ($SLP) in the gameplay:

  • Win battles over computer-controlled monsters in Adventure Mode
  • Win battles over other players in Arena Mode
  • Complete the Daily Quest

Adventure Mode rewards different amounts of $SLP depending on the level you’re playing with higher levels rewarding higher SLPs.

The maximum amount you can accumulate in Adventure Mode is currently capped at 50 $SLP per day.

2. Breeding and Selling Axies

EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (4)

Breeding Axies is one of the more interesting aspects of Axie Infinity.

Axies under your ownership carry value themselves as non-fungible tokens (NFTs). They also have the power to breed, which brings forth a new Axie.

Here is what you need to breed Axies:

  • Two fertile and compatible Axies
  • $SLP tokens
  • Axie Infinity Shard (AXS)

When an offspring arises from two Axies breeding, this new Axie possesses a different set of stats, body parts, abilities, and genes, making it entirely unique from every other Axie.

Once you have successfully bred a new Axie, you can decide whether you want to keep it for your own use or sell it on the marketplace. The price an Axie will sell for depends on the Axie’s quality – like whether it has well-balanced stats or a great synergy of abilities.

The better the Axie’s stats, the higher its selling price.

As of this writing, ‘floor’ Axies – those with a poor set of stats and are the cheapest in the marketplace – are sold at on average at 0.05 to 0.06 ETH.

3. Buy and Invest in Land on Lunacia

EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (5)

Lunacia is the name of the Lunacia world – a plot of land there acts as as homes or operational bases for the players’ Axies which they can customize to their will.

Land-owners can customize their land plots to produce profitable resources for them, battle monsters in, host shops and other buildings, and become access points for different dungeons.

Some of the ways to earn for land-owners include:

  • Land plots can also be rented out to other players
  • Land can be sold when it appreciates in value
  • Alliances with other players can also be made to combine your land plots, pool rare resources, and create guilds

4. Staking $ASX Tokens

EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (6)

Axie Infinity Shard ($AXS) is one of Axie Infinity’s in-game tokens. Besides being used as currency and as a governance token, the $AXS can also be used by players for staking in order to claim rewards.

“Staking is a way for us to reward our community members for having a long term mindset and locking up their AXS tokens.

By staking your AXS you’ll be able to earn AXS rewards when you lock up your tokens through the staking dashboard. In the future, staking AXS will give you voting rights and a say over the use of the Community Treasury which now holds over a billion dollars in tokens.”

– WhitePaper, Axie Infinity

Axie Infinity blew up in 2021 with players making, on average, $400 per month from just playing.

While the buzz has certainly died down, you can almost be sure that the game is going to grow in influence again as 2022 unfolds. As more people troop into the game, the in-game tokens will become more valuable as demand for them grow on the NFT marketplace.

It’s therefore a good time to consider getting involved in Axie Infinity.

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RECOMMENDED READING:EXPLAINER GUIDE [GameFi] How To Buy Your First Axie Character on Axie Infinity

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EXPLAINER: 4 Key Ways Players Earn Money Playing Axie Infinity (2024)

FAQs

How do players make money in Axie Infinity? ›

In Axie Infinity, every monster is a non-fungible token (NFT). Players earn tokens by engaging in turn-based battles with other players or computer-controlled teams. These tokens are then used to “breed” new monsters by creating more NFTs.

Do people make money playing Axie Infinity? ›

Each different strategy to earn crypto in Axie Infinity has a wide range of possible profits. Playing the game for many hours a day could earn you anywhere between $8 to $40 a day, depending on your Axies, how long you play and the extra incentives available at that time.

What do you know about Axie Infinity answer? ›

Axie Infinity is a virtual world filled with cute, formidable creatures known as Axies. Axies can be battled, bred, collected, and even used to earn resources & collectibles that can be traded on an open marketplace.

What are the best Axie strategies? ›

Here are some tips to help you win more PVP matches in the Axie Infinity Arena.
  • Understand Axie type strengths and weaknesses. ...
  • Position your Axies properly. ...
  • Take advantage of combos. ...
  • Don't be afraid to pass a turn. ...
  • Beware of Energy steal cards. ...
  • Check your opponent's parts/cards at the start of the match.
Sep 10, 2022

How does Axie game make money? ›

Axie Infinity makes money by charging 4.25 percent for transactions taking place on its own marketplace. The fee itself is paid by the seller after a transaction goes through. Players can purchase and sell Axies, land, items, as well as bundles.

How does Axie play to earn work? ›

Play-to-earn is a business model in which players are rewarded with cryptocurrency, in exchange for playing a game. Each Axie is a non-fungible token (NFT) that can be bought or sold. To begin battles, players must have at least three Axies, with the cheapest costing around $200.

What benefits does a player get from playing Axie Infinity? ›

Players may earn the Ethereum-based tokens AXS and SLP by fighting or breeding Axies, which can then be exchanged into Ether and utilised as real-world money.

Is playing Axie Infinity a good investment? ›

The potential for exponentially increasing your investment with Axie Infinity is another compelling argument in favor of buying the token. The staking program, which began in October 2021, allows users to earn rewards by holding AXS tokens.

How much does Axie Infinity make a month? ›

“On average, [Axie Infinity players] are making $400 a month, which … is under the taxation threshold of $5,000 per year here in the Philippines,” he said. While players still need to file to prove that, he estimated that the majority of players in the country would owe the government nothing.

Why people play Axie? ›

Axie Infinity allows players to earn income through nonfungible tokens, or NFTS, and cryptocurrencies. Players breed, battle and trade digital pets called Axies. A new mini documentary called "Play-to-Earn" follows several Filipino people who play the game.

Where is Axie Infinity most popular? ›

In September 2021, most Axie Infinity players were from the Philippines.

What is Axie Infinity explained simply? ›

Axie Infinity is recognized as the leader in NFT gaming. In-game digital assets such as the Axie creatures are represented by NFTs. These cryptographically unique tokens, as discussed, confers ownership, and allows the player to trade axis on the game's marketplace for real money.

What are the 3 secret classes of Axie? ›

There are 3 secret classes: Dusk, Dawn, and Mech. Each secret class can be created by breeding a special combination of “pure” Axies.

How do you play AXIE Infinity effectively? ›

Playing Axie Infinity

Energy is important – you use it to join an Adventure/Arena battle. You also need it to earn EXP (experience points) in Aventure and rewards in Arena. The maximum energy depends on the number of Axies you own. Energy is refilled daily at midnight UTC time.

How do you win more in AXIE infinity? ›

The best strategy that is applicable to all is killing the first axie in line during the first round. Most mistakes players make are regardless of their cards, they will skip the first round, which is wrong. The first round gives you 3 energy so if you have a combination card that creates critical damage, use it.

Is Axie Infinity still profitable 2023? ›

The market was extremely volatile, and the risk-to-rewards ratio was also unfavorable. The year 2023 has been slightly better for crypto investors as the market has been recovering. However, the recovery of Axie Infinity was very short-term, and the prices have again reached the lows of 2022.

Do you lose money playing Axie Infinity? ›

But losing money with Axie Infinity is equally easy, and the internet is awash with stories of traders and investors who have lost significant sums of money investing in AXS. To make money with Axie Infinity, you will need to maximize the income-generating activities and seal potential loopholes that may lose you cash.

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