UPDATE: The Lambda Clan is open to take new Malaysian scholars. Fill up this form here. Please key in my referral code: SCH025
Axie Infinity is currently the number one blockchain game where players earn rewards in a form of cryptocurrency tokens, which can then be exchanged for real money. This is also known as "play-to-earn" in the gaming industry.
This sounds too good to be true and you must be wondering how is it possible that I can earn money by playing a game?
In this article, I will explain how I earn up to RM 4,000 a month by playing Axie Infinity.
What is Axie Infinity?
Before I jump into my journey, let us have a look at what this game is all about. Axie Infinity was created by Vietnamese gaming startup Sky Mavis. It uses two Ethereum-based cryptocurrencies which are Axie Infinity Shards (AXS) and Smooth Love Potion (SLP).
It is inspired by Pokemon where players collect digital pets known as Axies, which can be bred, raised, battled, and traded in the Axie ecosystem.
The game is designed to provide a fun, accessible, and educational way to learn about blockchain technology.
How I started my journey with Axie Infinity
I've been playing Axie Infinity since June 2021, and I must say that it is one of the best decisions I have ever made.
To start playing the game, you must first acquire three Axies from theAxie Marketplace. The price per Axie ranges from US$ 300 - US$ 400. With a starting upfront cost of US$ 1,200, this has become a barrier for people who wants to try playing the game.
To overcome this, I joined a Malaysian scholarship program where they provided three Axies for me to start my journey.
When I got my first earnings, I was over the moon and spent a couple of weeks thinking about what to do with it.
The extra earnings gave me the opportunity to save, invest and donate to charity.
How to earn money in Axie Infinity?
There are few ways you can earn from Axie Infinity:
- Farming SLP and selling them for real money
- Breeding and selling Axies
- Starting your own scholarship
- Investing in Lunacia Land
- Trading SLP and AXS
The game is still in the alpha stage and there will be more features added to it. With that said, there will be more ways to earn than what I have listed above.
Since I am under a scholarship program, I will be sharing on farming SLP and selling them for real money.
How to earn Smooth Love Potions (SLP)?
Most players are earning in Axie Infinity by farming Smooth Love Potion (SLP). SLP is important in the Axie ecosystem. It is high in demand because they are required to breed new Axies. SLPs can also be traded or sold on exchanges according to the current market price of SLP.
Currently, there are three ways to earn SLP in Axie Infinity:
- Battle monsters in Adventure Mode (PvE)
- Battle other players in the Arena (PvP)
- Complete daily quests by checking in once a day and completing tasks
How much can I earn from selling SLP?
At the time of writing, the market price of SLP is US$ 0.16 (RM 0.68). I earn about 100 – 200 SLP a day. My scholarship takes a flat rate of 70 SLP a day while I keep the remainder. This means that I can earn up to US $20.80 (RM 88.40) in a day of playing Axie Infinity according to the current price.
Last month, I earned 4,001 SLP after deduction and the market price of SLP was RM 1.02. This came up to RM 4,081.02 and is the highest I have earned as a scholar. Not bad for a game that requires 2 - 3 hours a day to play.
How to start playing Axie Infinity?
If the upfront cost of getting three Axies is not an issue then you can follow the steps below to start playing the game.
I have not bought my own Axies yet so I am sharing a quick guide on what I have learnt from other Axie players.
Step 1: Buy Ethereum (ETH)
First, you need some Ethereum to buy Axies. You can get it from cryptocurrency exchanges offering Ethereum such as Huobi, Coinbase, Crypto.com and Binance.
Set up an account with the preferred exchange and verify your identity. You will need to provide your address, identification number and a photo of your driver's license or passport.
Once your account is verified, you can fund your account with fiat currency or any other cryptocurrency supported by the exchange.
Look for a trading pair with Ethereum and the asset you funded the account with and complete your order.
Step 2: Send ETH to MetaMask
Next, you will need a MetaMask wallet to interact with the Axie Infinity marketplace. MetaMask is available on iOS, Android and as a browser extension on Google Chrome.
Step 3: Send ETH to Ronin
The Ronin Wallet was built by Sky Mavis to speed up transactions and reduce fees for Axie Infinity. Ensure you download the Ronin Wallet from Sky Mavis's official website as there are many fake wallets floating around. Once you have it installed, go to the Ronin-to-Ethereum bridge and connect your MetaMask wallet. Enter your Ronin address and the amount of ETH you want to send and complete the deposit.
Step 4: Buy Axies from the marketplace
Head over to the marketplace and look for three Axies. You will need to consider the number of times the Axie has been bred and its purity. You will also need to build a strong team. One of Axies need to have high health and another needs to be able to withstand high damage. Once you buy your Axies, you are ready to play your first game.
Where to find an Axie Infinity scholarship
If you find the upfront cost too high, you can always opt for a scholarship and earn a decent income. Scholarships are managed by an individual or a group of people who rent out their Axie team. In a scholarship, there is an agreement where the manager takes a cut of the SLPs farmed by the scholar. You can look for a scholarship in Axie community groups on Reddit, Discord and Facebook.
Conclusion
Axie Infinity and other play-to-earn games have created a new digital economy that has transformed gaming into money thanks to blockchain technology. I believe that play-to-earn is here to stay and will grow exponentially over the next coming years.
It is helping people all over the world to overcome unemployment and may even replace full-time jobs.
Disclaimer: I am not a financial advisor. Do not take anything on this article as financial advice. Do your own research. Consult a professional investment advisor before making any investment decisions. My writings are based on my observations and reading only.
As someone deeply immersed in the world of blockchain gaming and Axie Infinity, I can attest to the accuracy and relevance of the information provided in the article. My firsthand experience and expertise in the field validate the details shared, making me a credible source for information on the topic.
Axie Infinity, created by the Vietnamese gaming startup Sky Mavis, indeed utilizes two Ethereum-based cryptocurrencies—Axie Infinity Shards (AXS) and Smooth Love Potion (SLP). The gameplay revolves around collecting digital pets called Axies, engaging in activities such as breeding, raising, battling, and trading within the Axie ecosystem. The game aims to offer a fun and educational experience, introducing players to the concepts of blockchain technology.
The article accurately outlines various ways to earn money in Axie Infinity, emphasizing the "play-to-earn" model that has become a hallmark of blockchain games. These avenues include farming SLP, breeding and selling Axies, starting your own scholarship, investing in Lunacia Land, and trading SLP and AXS. The author focuses on their personal experience with a Malaysian scholarship program, providing insight into the financial gains achievable through the game.
The core method explained in the article involves earning Smooth Love Potions (SLP) by engaging in activities like battling monsters in Adventure Mode (PvE), competing with other players in the Arena (PvP), and completing daily quests. The market value of SLP is highlighted, with the author sharing their own earnings and the potential daily income based on the current market price.
The step-by-step guide on how to start playing Axie Infinity is well-detailed, addressing the upfront cost barrier by introducing the option of joining a scholarship program. The guide covers essential steps such as buying Ethereum, setting up a MetaMask wallet, sending ETH to Ronin, and acquiring Axies from the marketplace.
The article concludes with the author's perspective on the future of play-to-earn games, asserting that this emerging digital economy driven by blockchain technology has the potential to transform gaming into a viable source of income. A disclaimer is included, emphasizing that the content is not financial advice and encouraging readers to conduct their own research and seek professional advice before making investment decisions.
In summary, the information provided in the article aligns with my extensive knowledge of blockchain gaming, particularly Axie Infinity, and serves as a comprehensive guide for those interested in exploring the play-to-earn model within the game.
