The story of the game token that overflows DailyCoin while all the others are fake

• The winning play model has created a new era of digital gaming.
• The price of Axie Infinity’s original token, AXS, has surpassed major cryptocurrencies such as BTC and ETH.
• Axie Infinity is creating a new digital boom as it has created a thriving NFT gaming economy.
• Winning play creates new financial opportunities for users in developing countries.

NFT has risen in popularity in 2021 as the only digital piece of Beeple sold for $ 69 million. The non-availability of digital assets changes the ownership of the developers and users. NFTs, regardless of the medium they have taken, have been discredited by many, yet they have provided a new way to maintain digital ownership. Axie Infinity, in order to win the blockchain game, is redesigning the game through a “real game economy” that surpasses everything we’ve seen before.

NFT Gaming is finding its place

Blockchain has always been a libertarian technology. In games, the promise of digital ownership overrides methods of controlling game developers. Yat Siu, non-executive chairman of Animoca Brands, stressed that users recognize the importance of changing the property economy as the digital movement becomes increasingly important. In addition, Siu, in Sky Mavis, invested in Axie Infinity’s main company, thinking they could make money through blockchain games, while also distributing “single assets”.

Axie Infinity introduced a new gaming model, different from the current meta of the freemium model, where companies generate revenue by selling game incentives. On the other hand, the winning play model is based on the NFT infrastructure, where players can play, grow, fight and exchange Axies. Axie Infinity has similarities to the 2017 CryptoKitties, but is set in a more interactive environment.

Axie Infinity is a blockchain game that rewards participants. Players can participate in PVP and adventure game modes to receive SLP tokens. AXS is the original governance token, while SLPs are needed to grow Axies. In addition, the ecosystem promotes an interactive metaverse that allows players to explore Lunacia, which is made up of multiple real estate plots, like the Decentraland metaverse.

Flipside

• NFTs are still speculative, and players buy Axies to earn extra income.
• Axie Infinity is a major barrier to entry as players are required to sell 3 Axies to enter the market.
• The game can become a new Ponzi scheme as it blurs the line between gaming and finance.

An environment for making money

Reports indicate that metabers built into NFTs add to the digital economy. Play To Earn released a video documenting a gaming community in the Philippines and their economic motivation to participate in the game. Some players would earn more money in the game than doing the day’s work. In addition, Axie’s gaming model offers opportunities that Covid didn’t have much knowledge of before it had a big impact.

The economic resources obtained by Axis are not Fiat currency, but as one player said, AXS tokens would be channeled to ETH, and ETH in cash. Although Axie Infinity is a major barrier to entry, beginners benefit from getting into the game, as the price of the AXS has since risen by more than 700% to more than $ 29.

New technologies lead to additional speculation. Transcendence in the digital world is inevitable, and platforms like Axie and Decentraland are developing digital terrains that have been exploited by technology enthusiasts. In a tweet, Kieran Warwick recounted how he turned over land he bought in Axie’s virtual world from $ 300 to $ 28,000. This behavior is similar across platforms that have a digital marketplace for virtual land. Metabertso members are using their existing purchases to rent advertising space.

Although the basic behavior is still unknown, Axie’s loneliness deserves speculation to prevent him from becoming a better player. In November, an Axie was sold for 300 ETHs, valued at approximately $ 130,000. What’s more, the same issue was listed at a higher value of $ 250,000.

Do NFTs finally show their value?

With the current rise in SLP and AXS token prices, NFTs are entering the spotlight. While the market is trading decisively, AXS has risen, being the highest on a daily basis, as the president of Animoca Brands stated that NFT will “affect the way we work, live and play”.

Concerns about the dying bubble have resurfaced, as the NFT market has lost 90% of its transaction value after the peak of May. High-priced NFTs have had full value, but a non-fungible report has highlighted the decline in high-priced NFTs, but lower-priced NFTs, which could have been Axis.

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