In the past, investing was a job reserved for people in suits, working behind desks all day. It was laborious and boring, and the younger generation was (unfortunately) not interested.
But today, investing by acquiring appreciating assets looks completely different. With the rise of decentralized cryptocurrency, a brand new asset class blowing off the returns of traditional investments is taking over.
And thanks to play-to-earn crypto games, like Axie Infinity, it’s actually fun to invest.
But what is Axie Infinity, and how do you earn real assets by playing a game? If it sounds too good to be true, then keep reading our Axie Infinity guide below to see how you can mix up your investment strategy today.
What Are Play-to-Earn Games?
In the past, gamers had to go out to the store to purchase the games they wanted to play. But recently, the gaming industry has embraced the “freemium” business model, with games like Fortnite.
The game itself is free to download and play. But in order to customize your character and gameplay experience, you need to buy digital items with real money.
But today, an even better option is available. Play-to-earn crypto games aren’t just free to play, but you can earn assets such as NFTS and cryptocurrencies.
Different games have different currencies they use. You can earn the currency by completing tasks in-game. You can use these currencies to purchase items in the video game. But you can also sell your tokens on the open market, and cash out, just like with any cryptocurrency such as Bitcoin.
So you can play a fun game, earn money and assets, sell them and cash out. That’s called the good life.
What Is Axie Infinity?
Axie Infinity is a Pokemon-like online game where players raise mythical creatures. They breed creatures with each other to create new, unique creatures.
They can be used to battle other players. And they can also be traded, bought, or sold. If you can breed creatures with rare and unique features, then you have an NFT (non-fungible token) that can be sold for a premium.
Some of these rare creatures have been sold for over $100,000.
Axie Infinity Advice for Investing
So how is money made through Axie Infinity? Two ways: the tokens and the NFTs, or the creatures themselves. Here are two Axie Infinity tips for investing.
If you have the time to play, you can get in on the action and start acquiring pets, breeding them, and battling other players.
If you don’t have time to play the game, you can invest in the Axie Infinity coin itself. You can buy Axie Infinity tokens on many crypto exchanges without ever touching the video game.
The tokens are expected to rise in value, as more and more people play the game, and demand for the limited tokens increases. Play-to-earn crypto games are huge now but will be much bigger in the future. Holding these game tokens long-term can be a solid investment strategy.
Investing Made Fun
So what is Axie Infinity? It’s a game for Pokemon lovers that would rather spend time trying to earn valuable assets than just playing games for nothing.
Play-to-earn crypto games like this and many others are seeing huge global adoption, and investing in the game or in its native token is a smart decision any way you look at it.
Looking for more fun tips like this? Head over to our blog now to keep reading.