The trading volume of NFTs has skyrocketed since the beginning of 2021.1 Since then, there has been a meteoric rise in the production of digital collectibles like digital icons, artwork, music tracks, and many others, as more and more well-known artists jump on the bandwagon. However, before NFTs experienced their massive popularity boost, blockchain-based video games were already incorporating gameplay revolving around NFTs.
When NFTs became popular, a cryptocurrency-powered video game called Axie Infinity, created by the Sky Mavis studio, caught on as well. As the NFT market became more stable, more and more players began to join Axie Infinity. The incredible and entertaining in-game economies of these games have contributed greatly to their meteoric rise in popularity.
The Axie Infinity Saga
Simply put, Axie Infinity is a video game in which you and your team of monsters (called “Axies”) face off against another team of monsters. The Pokemon games published by Nintendo served as a major inspiration for this game. The goal of the game is to amass a team of monsters from various types and use them in combat against other players.
The game runs on the Ethereum blockchain with the aid of the Ronin sidechain, which speeds up transactions while decreasing associated fees. Players engage in turn-based combat with either the game’s AI bots or other players from around the world over the internet.
NFTs can be thought of as various monsters. Each monster has its own NFT identifier and can be bought, sold, and traded just like any other commodity. The digital land plots on Axie are just as desirable as the monsters. Each player’s avatar is a unique NFT, so their ownership of one can’t be duplicated.
The ability to breed Axies also sets this game apart. This paves the way for players to construct more formidable Axis sets with which to crush their rivals in competition. Axies of specific breeds are reportedly fetching upwards of 300 Ethereum per unit, or about $571,089 at the time of writing, thanks to their rare characteristics and high demand.
New players, however, will need to make an initial investment of their own money to buy three Axies in order to create their first team of monsters for battle, and the game itself does not provide any starter monsters. Players can now enjoy the game on many different systems, including PC, MAC, Android, and iOS.
Later, we’ll talk about the other features, like the AXS governance tokens and the Smooth Love Potion.
Axie Infinity account registration procedure
Knowing the fundamentals of the game has prepared you to learn how to participate in the battle against monsters. Since players must initially put money into three Axies in order to form a playable team, it’s crucial that they figure out how to do so quickly and cheaply.
Here are the measures that must be taken to create an Axie Infinity account and arrange for payment methods.
Start up MetaMask
The first thing to do is download the MetaMask software. Essentially, MetaMask is a digital wallet service that runs on the Ethereum blockchain and is compatible with Axie Infinity transactions.
To download the wallet service, go to https://metamask.io. In addition to its mobile app, MetaMask is also available as a browser extension for desktop users.
Get yourself a MetaMask wallet.
Now that MetaMask is set up on your computer, you can begin the wallet creation process. This wallet will allow you to store cryptocurrency and use it to buy virtual goods within a game at a later time.
Launch the MetaMask app, and select the “Create a Wallet” button. From there, you’ll be guided through the steps of creating a secure wallet, including choosing a unique passphrase. Remember this phrase, because getting your data back can be a real pain.
It is not necessary to proceed with Ronin configuration at this time due to the creation of the MetaMask wallet.
The Ronin must be set up.
In a nutshell, Ronin is a sidechain developed in-house by the folks at Axie Infinity. Using the Ronin side chain is now mandatory for all Axie Infinity transactions. Ronin’s benefit lies in its ability to lessen the primary Ethereum network’s dependence on gas, which in turn makes for faster and cheaper transactions.
Ronin is a plug-in that may be added to any web browser. In this piece, we’ll set up the official Ronin add-on from the Chrome Web Store.
Initiate a Ronin Wallet
Once Ronin is set up, a Ronin Wallet must be made. In many ways, the procedure is identical to that of the MetaMask wallet. Just launch the add-on and hit the “Get Started” button. Similarly to how you should protect the secret phrase for your MetaMask, you should keep your Ronin wallet’s designated secret phrase safe and secure.
After setting up MetaMask and the Ronin Wallet, the next step is to sign up for Axie Infinity and link it to your wallet.
Create an Account for Axie Infinity
Proceed to the Axie Infinity market page next. To sign in, click the button labeled “Log In” that appears in the top right corner. A login window will appear, asking you to enter your email address and password, or to use your MetaMask or Ronin wallet credentials. Since we are adding the Ronin Wallet, we will proceed to the login screen by selecting the “Login with Ronin Wallet” option. At the next screen, you’ll be prompted to enter the name you’d like to use while playing.
Getting Through Registration
After that is done, the account is created, but you still need to finish the setup. The “Accounts” tab is where you’ll find the option to “Setup email and password.” Input your Axie Infinity account’s email and password. The verification code that was sent to your email address will be required at the next prompt.
The use of two-factor authentication adds an extra layer of protection to your account. To set up two-factor authentication, head to the Security Settings menu and click on it. The verification code from your phone or email will prevent anyone from logging in under your account’s name even if they have access to your email and password.
Congratulations, you’re finished! Congratulations! You can now buy Axies and begin your adventure in Axie Infinity by creating an account.
Fixing Login Failures
There can be a wide range of causes for login difficulties. Verify the information below to pinpoint the problem.
Either your account’s associated email or password has been lost.
You can’t seem to get to the second part of your authentication.
You may be trying to access the wrong service or be logging in with the wrong credentials.
The Axie Infinity servers are currently offline for maintenance.
Avoid making the mistake of entering the wrong password. When you repeatedly enter the wrong login information, the website will lock your account for a period of time before allowing you to try again. The Axie Infinity Help Center is available to respond to any other questions or concerns you may have.
How to reset your Axie Infinity password
If you have lost or forgotten your password, there is a procedure you can go through to get it back. Password reset options are available in Axie Infinity.
If you open Axie Infinity and go to the login screen, you’ll see a “Forgot your Password?” link right below the login button. Simply click it and log in with your email and username. You will be unable to access your account if you do not know your registered email address or username.
After that, select an option from the menu to have Axie Infinity send a verification code and a password reset message to your registered phone or email address. After entering the code, you will be taken to a screen where you can create a new password and regain access to your account.
Due to the security measures taken by the Axie Infinity staff, it is impossible to regain access to an account if you are able to generate a verification code or link.
Acquisition of Axie NFTs
You can now begin playing the game once you have purchased three Axies from the in-game store. To purchase Axies with the Ethereum tokens stored in your Ronin wallet, simply click the “Buy” button. In addition, you’ll need to acquire Ethereum to fund your Ronin wallet. The first step is to buy Ethereum from a cryptocurrency exchange, such as Binance.
After buying Ether, you can send it to your linked MetaMask wallet by way of the Ronin bridge. Once the Ethereum has been sent to your Ronin wallet, you can use it to buy Axies within your spending limit.
Although the rarest axes are also the most expensive, it is advisable to ease into the game by purchasing some inexpensive monsters to get a feel for the metagame before shelling out a ton of cash on powerful axes. Floor Axies, the current low-end Axies, go for about $30 each. As a result of the lackluster performance of the cheaper Axies, players are motivated to shell out more cash for stronger Axies.
Acquiring AXS Governance Tokens
In the Axie ecosystem, governance is delegated using Axie Infinity Shards (AXS) tokens, which are Ethereum Classic (ERC-20) tokens. The Ethereum blockchain’s ERC-20 tokens are widely considered to be the most important and provide the norm for smart contracts. Some people think of AXS tokens as the “native token” of Axie, since they can be staked for rewards, used in-game, and voted on during crucial governance events. Sky Mavis’s AXS tokens facilitate communication and decision-making between users and developers within the Axie ecosystem, with the goal of fostering a culture of decentralized ownership.
You can buy AXS tokens on major cryptocurrency exchanges like Binance, FTX, and Houbi. Connect your Ethereum-containing digital wallet to Uniswap, click the “AXS” button, and then select the asset you’d like to swap it for. The two parties’ respective amounts to be exchanged will then be requested; once those have been entered and verified, you can click the “Swap” button to initiate the swap.
Coins for the Smooth Love Potion (SLP)
In two of their combat and adventure game mods, players are rewarded with a smooth love potion (SLP) when they play the game and reach certain milestones. In addition to being tradable on various cryptocurrency exchanges, SLP is also a self-valuing ERC-20 utility token.
Since the SLP token’s value has been falling behind the AXS token’s, many people have begun to wonder if there will be enough SLP to go around in the future. Many concerns have also been raised about the token’s long-term viability. Sky Mavis’s development team may have tweaked a few things, but governance votes will show exactly where the token’s value stands.
Shopping for virtual real estate
In Axie Infinity’s adventure mode, players can build their own bases in a vast open world called Lunacia, each of whose plots is represented by a token. Land can be purchased, rented out, or built upon by players. In order to expand their territories and strengthen their Axies, players will need to explore Lunacia in search of the various resources necessary for doing so.
Although much work remains to be done on this virtual setting, once it is complete, it will undoubtedly have far-reaching effects on the game’s economy and performance as a whole, opening up countless new avenues of exploration and profit for players.
Idea of making money while having fun
A novel approach to rewarding avid gamers for their accomplishments in a specific video game, with the added benefit of allowing them to cash in on those rewards through trading.
With this model, the game is free to play for new players, but they can contribute to the game and improve their characters by purchasing digital items like characters, costumes, and upgrades, all of which add value to the game without costing the developer anything.
However, some reports indicate that Axie infinity plans to soon provide new users with starting monsters, allowing them to set off on a journey without spending any money in the initial stages, whereas at present, Axie Infinity does not follow this model because it requires you to purchase three monsters to create a starting team. Even if the starter kit isn’t particularly powerful on its own, it will put the player in a good position to progress further in the game.
The higher quality the characters, the more attention and resources are drawn to a user. Members of the community who create content or broadcast their activities online may be eligible for monetary support in the form of product sponsorships and advertising slots.
As a result of its meteoric rise in popularity, Axie Infinity has risen to the third spot and established a new sales record. Sources claim that the company hosted $4.17 billion in NFT sales as of March 2022, putting it in third place among NFT platforms behind OpenSea (which had $23.21 billion in sales) and LooksRare (which had around $18 billion in sales).
In conclusion, I hope you’ve gained a solid understanding of how to initiate work with Axie Infinity from this article. If you’ve done everything right, you’ll be ready to enter the world of Axie Infinity as a brand new challenger in search of glory and financial gain. The future looks bright for Axie Infinity players everywhere who want to make a living doing what they love: playing their favorite games.
The merging of the cryptocurrency sector and the gaming industry has given rise to innovative financial concepts that have never been seen before, opening up boundless opportunities for users. This not only exemplifies the development of online gaming but also provides a glimpse into its potential future forms. While blockchain technology has its problems, initiatives like these have the potential to completely transform what the technology is capable of becoming in the future.