What are the things to know before playing Axie Infinity?

Axie Infinity (AXS) is one of the few cryptocurrencies that in recent months has seen a significant price gain. Investors are discussing whether or not to invest due to its popularity and high revenue. Here are some things to think about if you’re thinking about buying Axie Infinity.

  1. Axie is a cryptocurrency game that can be used to earn money.
    In Axie Infinity, users can own axes, which are charming creatures. Each Axie is a non-fungible token (NFT), which means it’s a unique digital collectible. Players can use their in-game tokens to buy land, farm, and breed axies in Lunacia. They can use them to pay for rent or groceries in real life.

  2. Axie isn’t the only play-to-earn game available; there are always others. There’s a chance that something better will emerge to take its place.

  3. Axie Infinity generated more revenue in the last 30 days than the top ten apps combined-According to Token Terminal data, Axie generated nearly $90 million in revenue in the last 30 days, with 95% of it going back to the players. When you buy AXS, you don’t own a share, but you can profit from a rise in its price.

  4. Axie land sale broke records—According to CoinDesk, in February, a user spent 888.25 ETH (roughly $1.5 million at the time) on the largest NFT sale ever. Since then, there has been a flood of multimillion-dollar NFT sales, including the sale of Twitter CEO Jack Dorsey’s first tweet.

  5. To play the game, you’ll need three axes—each axe costs around $200, so gamers will need to spend $600. You’ll need two wallets and a considerable quantity of ether before you can get your first Axie.

  6. People are quitting their jobs to pursue a career as professional Axie players. Some people are quitting their day jobs to pursue a career as professional Axie players. Many people have benefited from the game as a result of the pandemic’s economic woes, albeit most people see it as a side job rather than a full-time job. Players must not only properly breed their axes in order to achieve specific skills, but they must also do activities in order to earn energy, which allows them to progress farther in the game.

  7. The price of the Axie coin (AXS) increased by over 600% in a month before halving in value-The price of the Axie coin (AXS) increased by over 600% in On July 15, it hit an all-time high of $29.13 before plummeting to $14.19 on July 20. All cryptocurrency values are volatile, and investors who are terrified of missing out can create big price swings. Before you buy, make sure you do your homework and think about Axie’s long-term prospects.

  8. Axie isn’t available on major US exchanges-Axie is the newest addition to the crypto-gaming industry, but it isn’t available on major US exchanges yet, so you’ll have to buy and play on the Axie network through a decentralized exchange.