Essential Considerations Before Investing in Axie Infinity
Altcoins/Gaming

Essential Considerations Before Investing in Axie Infinity

Axie Infinity's growing popularity raises important questions for potential investors. Here are key insights you should know before diving into this blockchain game.

Axie Infinity (AXS) surged in 2021, becoming a notable investment in the blockchain gaming space. With more competition emerging, such as Heroes of Mavia and Star Atlas, potential investors need to weigh their options. Here are three vital insights before making a commitment to Axie Infinity:

1. Axie Infinity is Not For Everybody

Unlike traditional shooters like Call of Duty or Fortnite, Axie Infinity resembles a hybrid of Pokémon and Tamagotchi. Players nurture and battle adorable creatures called Axies, engaging in a robust economy generated within the game. Players can earn tokens for in-game purchases or even convert them to real money.

Axie Infinity Gameplay Image Source: Rarible

2. Many Blockchain Video Games Have Failed

While blockchain gaming promises enhanced experiences by eliminating centralized control, many games tend to overemphasize blockchain technology over gameplay. Thankfully, Axie Infinity has found a balance, ensuring it’s both enjoyable and lucrative. With an increase from 30,000 users in 2020 to over 382,000 monthly users recently, its popularity remains robust.

3. People Are Still Quitting Their Jobs for Axie Infinity

The game has become particularly popular in developing countries as many users earn sizable incomes to supplement or replace traditional jobs. For instance, some players earn around $1,500 a month by collecting the in-game currency. However, starting requires purchasing three Axies, which is approximated to cost around $100.

Bottom Line

Axie Infinity continues to thrive amidst the gaming chaos, supported by a committed community and potential earnings. For investors considering a dive into crypto gaming, it remains a compelling option.

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