HOW DOES IT WORK?
Axie Infinity runs on blockchain technology. However, instead of mining new blocks on the chain (solving complex math problems that generate an accepted hash), Axie Infinity provides a ‘play-to-earn’ structure. Players can earn by competing in PVP battles, breeding Axies and selling them on the marketplace, or collecting rare Axies. Do note that Smooth Love Potions (SLP) are needed to breed Axies. SLPs, like any other cryptocurrency, is volatile. As of writing, it’s priced at PHP 7.53 each. You can purchase SLPs via Uniswap or Binance.
According to Axie, players can earn a governance token, AXS, representing a real slice of the Axie universe as it has governance rights and fee-sharing built into it. Since players can earn this token by playing, a Ready Player one-type quest emerges where players can actually earn part of the universe. Rewarding players based on effort and skill, and not their wins.