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Gaming NFT: this is how the video game that rewards winners with cryptocurrencies works

2021-08-02T19:42:05.716Z


Axie Infinity allows you to raise a virtual pet (token) in exchange for a reward in Ethereum. Marcelo bellucci 08/02/2021 16:07 Clarín.com Technology Updated 08/02/2021 16:07 The desperate race for digital assets now comes to video games. The application, which is causing a sensation among gamers, allows you to accumulate money in cryptocurrencies (Ethereum) by reproducing, raising and exchanging virtual pets similar to a Pokémon or Tamagotchi. Axie Infinity responds to the model play


Marcelo bellucci

08/02/2021 16:07

  • Clarín.com

  • Technology

Updated 08/02/2021 16:07

The desperate race for digital assets now comes to video games.

The application, which is causing a sensation among gamers,

allows you to accumulate money in

cryptocurrencies

(Ethereum) by reproducing, raising and exchanging virtual pets similar to a Pokémon or Tamagotchi.

Axie Infinity responds to the

model play to win

(

Play-to-Earn

).

It combines an adventure mode with daily missions, clashes with other players and collecting coins with the underlying infrastructure of

the NFTs and the blockchain network

.

As in Pokémon, players use cards to determine what action their Axie will take when it is their turn.

Each bug has

four decks that are randomly assigned for each battle

.

The game has two proprietary tokens:

Axie Infinity Shard (AXS) and Smooth Love Potion (SLP).

For a few days they can be traded on an exchange, sent to other wallets or

exchanged for FIAT money

.

Players use cards to determine what action each Axie will take on their turn.

“Axie Infinity is the fashion game, with

a philosophy that financially rewards the user

for their progress.

Unlike traditional entertainment that does not reward its players for their time, effort, attention and money spent, ”says Juan José Mendez, Ripio's brand director.

Many gamers and some casual gamers spend much of their day in front of the phone screen pressing commands and keys.

But, once they have completed all the levels, the only thing left is the memory.

“Several years ago, blockchain tools and in particular tokenized systems, gave way to a small revolution: that of

video games that reward you for playing them

.

Some pioneering cases were Gods Unchained or CryptoKitties, ”Mendez warns.

Digital pets

Each digital pet, similar to a Pokémon,

is a unique and unrepeatable token,

which allows the creation of an economic environment where players can earn cryptocurrencies and in turn, dedicate themselves to the breeding of axies and sell them among those who are looking for an already developed creature.

The player must complete missions or fight against others to obtain Smooth Love Potion (SLP).

Each Axie possesses qualities that can be improved as SLP is obtained.

Thus, the more time is devoted to it, the better the specimens will be.

"The Axies can be improved and used in battles in which virtual money can be obtained: Smooth Love Potion or SLP, a token in this case fungible, which serves as the currency of the game and

can be reinvested to improve the character or reproduce it

" , indicates Mendez.

Blockchain technology allows each specimen to have unique characteristics

.

From a digital "genetics" that makes it resistant to certain types of attacks, or that favors it being able to reproduce more times or grow faster.

“The Axie Infinity Shard (AXS) are the participation and governance token of Axie Infinity.

With these AXS you

can stake and earn interest

, support the community gambling economy, and participate in decentralized decision-making.

In addition, it has a limited supply of 270 million AXS ”, concludes Mendez.

Investment

The flip side of this proposal is that, to start moving the chips, a significant investment is needed.

Players

are required to buy three of these creatures

.

The cheapest one costs no less than 0.1 ETH.

This equates

to almost $ 200, based on the

current

value

of Ethereum

.

Which results in a $ 600 base.

To play at Axie you need to make a significant investment in Ethereum.

With this concept of winning to play, its developer has managed to get thousands of users to pay for a game

more than 20 times what is usually paid for a console release

.

To start playing, you need a wallet like Coinbase, Electrum or the Argentine Muun, recommended by Jack Dorsey where you can accumulate the profits to sell.

Upon reaching mastery of the rules, specific missions can be performed and awarded with a certain amount of a currency or AXS or SLP token.

In other cases, such as Gods Unchained, NFT prizes are received, such as packs with limited cards.

And in others, characters, items, collectibles are unlocked.

SL

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Source: clarin

All tech articles on 2021-08-02

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