As with any cryptocurrency-related venture, it’s important to remember that the value of your currency or your NFT can vary massively. Sky Mavis isn’t responsible for any money you lose if the game goes under or if the value of AXS tokens or Ethereum drops.
It’s possible to put a lot of money into the game only to find that the value of your Axies has decreased and they are not as profitable as they once seemed to be.
One notable example of this relates to a hack which occurred early in 2022 and saw over 450 million pounds worth of cryptocurrency stolen. This massively decreased the value of Ethereum and similarly contributed to a huge dip in Axie Infinity player numbers.
Age restrictions
Axie Infinity is rated 18+, however, there is no age-verification process. When you sign up to Axie, you do so via your crypto wallet, and the recommended wallet, MetaMask, does allow users under 18 if they have parental permission. This is also the case with other crypto wallets. Be mindful that if you’ve allowed your child to open one of these wallets, they could quite easily sign up to play the game.
Children should not be playing the game as they are particularly vulnerable to being taken advantage of by other players and may not fully understand the consequences of the ‘real’ money they are spending.
The manager/scholar model
The Axie Infinity boom really took off in the Philippines where many people were badly affected by the Covid-19 pandemic. Instead of going back to low-paid and often dangerous jobs, many workersturned to Axie Infinity for income.
It’s an easy way to make lots of money without leaving home - in theory at least - but it’s now prohibitively expensive to even join the game unless you join as a scholar and avoid paying for your first three Axies.
Playing Axie Infinity offers no job security. While some managers are interested in creating a community, others are likely to be interested in their own profit. If your manager is asking for over half what you make through playing, you can end up actually earningless than minimum wage.
Often scholars are already in precarious positions, and having a profit-driven manager can really exploit this. Children who have got around the age restrictions would also fall into this vulnerable category of players.
My expertise in cryptocurrency and blockchain technology spans various aspects, from investment strategies to the underlying technology and risks associated with these digital assets. When it comes to Axie Infinity, I've closely followed its evolution, witnessing the highs and lows of its market value and the impact of significant events on its ecosystem.
The value fluctuation in Axie Infinity, tethered to AXS tokens and Ethereum, has been a hallmark of its journey. Instances like the hack in early 2022, resulting in the theft of a substantial amount of cryptocurrency, notably Ethereum, significantly impacted Axie Infinity's value. This incident led to a substantial decline in player numbers and a consequential decrease in the value of Axies.
Regarding age restrictions, while Axie Infinity has an 18+ rating, the absence of a stringent age-verification process through crypto wallets like MetaMask poses a concern. This setup enables minors to access the game, potentially risking exposure to financial vulnerabilities and exploitation by other players due to a lack of understanding regarding the real monetary implications.
The manager-scholar model within Axie Infinity, especially prevalent in the Philippines amidst the COVID-19 pandemic, serves as an alternative income source for many affected individuals. However, it's a system that's not without its pitfalls. Joining as a scholar, while circumventing initial costs, exposes players to the profit motives of managers. Some managers exploit scholars, demanding a significant portion of their earnings, leaving them with minimal returns, sometimes even falling below minimum wage.
Children engaged in the game, despite age restrictions, could fall prey to these exploitative practices, amplifying their vulnerability within this system.
Axie Infinity's allure as a means of earning from home has transformed lives but also highlights the risks associated with financial dependence on gaming ecosystems, especially when coupled with a lack of oversight and protections for vulnerable demographics.
If you're looking to delve deeper into cryptocurrency valuation, age restrictions in gaming, or the socio-economic dynamics within blockchain-based gaming ecosystems like Axie Infinity, I'd be more than happy to explore these facets further.
Collectible axies and land plots also gives an increasing amount of Axie Score depending on the number you currently have. For example, having 2 Mystic axies gives double the amount of Axie Score compared to having just 1.
Complementing the Governance Portal is the new Axie Score, a point system designed to reflect a player's contributions to the Axie Infinity community. The first pre-release version is calculated based on four main categories: In-game Performance: Reflects a player's activity and achievements within the game.
Developed by Vietnam-based Sky Mavis, Axie Infinity aims to create a digital nation where you collect and raise cute creatures called Axies, which are built with different traits and abilities.
You can use your axie and win battles in Origins daily in order for you to gain enough AXP to ascend your axies. Once your axie reaches a certain level and number of ascensions, you may even be able to upgrade their parts to have stronger cards.
Players need to acquire AXP to level up their axies. You can earn AXP through the various games in the Axie ecosystem, and there's a daily cap per axie in each of the games. For example, you can earn 4,500 AXP per axie in Axie Origins and in Axie Classic, but only 1,000 AXP per axie in Project T or Sky Smash.
Axie Infinity is built on the Ethereum blockchain, where all game assets are tokenized and player-owned. This means that Axie Infinity's assets have real-world value, giving you the opportunity to earn tangible rewards from playing the game.
The max level for an axie is level 60. Every 10 levels you can ascend your Axie and upgrade a part. To ascend you will need to navigate to “Manage My Axies” and sign a transaction with your wallet.
Starter axie parts and cards are currently unique to those axies only. How do I get more free axies? Besides starter axies, players can obtain free axies by earning level-up rewards, completing quests and missions, or winning giveaways. Additionally, some non-NFT starter axies are available in the Gem Shop.
Gameplay. According to the company's website, Axie Infinity is a competitive game with an "idle battle" system derived from games like Final Fantasy Tactics and Idle Heroes. The game's setting is filled with creatures called Axies that players can collect as pets.
When buying your first Axie, the horn, mouth, back and tail are most important as these determine which cards your Axie can use in a battle. If you're interested in learning which classes are strong versus each other, then definitely check out their official guide.
Axie Infinity has consistently been featured among the top ten NFT games. Despite the volatility of cryptocurrencies, Axie Infinity has managed to maintain an upward trend. Most of the expert forecasts have deemed it to be a good long-term investment.
Yes, you can. Players need three Axie NFTs to start playing Axie Infinity. While you can play Axie Infinity Origins without buying axies, you won't really get the play-to-earn mechanics without them. The cheapest axies are currently on sale for $3, so it costs about $9 to start.
Axie trainers can earn Smooth Love Potion [SLP] rewards by winning battles against their opponents in Ranked Arena mode. A small portion of SLP can also be earned as participation reward if you lose Arena matches, provided that certain criteria are met.
When buying your first Axie, the horn, mouth, back and tail are most important as these determine which cards your Axie can use in a battle. If you're interested in learning which classes are strong versus each other, then definitely check out their official guide.
Introduction: My name is Neely Ledner, I am a bright, determined, beautiful, adventurous, adventurous, spotless, calm person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
