How Does Axie Infinity Make Money

How does the ‘Axie Infinity’ game work?
Players engage in activities such as collecting, breeding, and battling creatures called Axies. To engage in battles, players assemble teams consisting of several Axies to face off with opponents. The winning team is rewarded with the project’s Smooth Love Portion (SLP) token, which can be converted to cash. You can also trade your Axies to earn SLP.

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After the COVID-19 pandemic cost them their jobs, some people turned to Axie Infinity to earn a living. The game has a particularly large community of players in the Philippines. The project’s other cryptocurrency is the AXS token, which mostly functions as a governance tool.

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How does ‘Axie Infinity’ make money?
The project’s ways of making money are the same as before the hack. The bulk of its revenue comes from trading fees.

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Transactions on the Axie Infinity marketplace attract a 4.25 percent fee. The marketplace is where people come to buy and sell their Axies. If you want to start playing the game, you’ll need to have at least three Axies to begin with. You can come to the marketplace to purchase your starting team, and that trade would generate revenue for Axie Infinity.

Another major revenue source for the project is breeding fees. You can breed your Axies to expand your team. And with more Axies, you can earn more money from battling or trading your creatures. Breeding Axies has a cost to it, which is paid to Axie Infinity in the forms of SLP and AXS tokens. The breeding fee fluctuates in step with the value of the tokens. The fee will also vary depending on how many creatures you want to get from breeding.