Play-to-earn Games to Watch Out This August 2022
Check out the following blockchain games this month - from Axie Infinity to Legends of Venari.
The post Play-to-earn Games to Watch Out This August 2022 appeared first on BitPinas.
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Check out the following blockchain games this month - from Axie Infinity to Legends of Venari.
The post Play-to-earn Games to Watch Out This August 2022 appeared first on BitPinas.
The blockchain space has powered numerous projects and industries, creating a whole new world of possibilities. One of the newest projects powered by this technology is the metaverse. While the metaverse had previously seemed far-fetched, several firms are looking into contributing to its growth. Undoubtedly, Facebook is one of the biggest names looking into exploring the metaverse. The tech giant also rebranded as meta, which shows that the firm is looking into expanding resources into the project. Asides from Facebook, other businesses have also created prominent projects. These projects may help the new industry's development. The giant also changed its logo to an infinity loop that looks like the letter M. The business revealed that the change was necessitated by its move to contribute to the metaverse. While Facebook may be one of the prominent firms interested in the metaverse, other projects strive to bring the metaverse tokens into existence.
What Is The Metaverse?The metaverse is a world accessed through technology. "metaverse" originated from Neal Stephenson's novel called "Snow Crash." The metaverse is characterized by virtual reality technology, enabling users to create their worlds in the book. Many movies, shows, and books also have their definition of the metaverse, but most are quite similar. Usually, the metaverse is a place accessed through augmented and virtual reality technology. However, the blockchain space's definition of the metaverse is a world without boundaries.
Facebook's founder, Mark Zuckerberg, even believes that it may be the next version of the internet. Some people have also linked the metaverse to Web 3.0. Similarly, web 3.0 is a version of the internet powered by blockchain technology, allowing decentralization and privacy. The metaverse will have some qualities that make it different. For one, some people believe that this internet universe will allow data continuity. Presently, data has boundaries and cannot be moved from one server to the other, but there will be no boundaries in this new world. Hence, data becomes easily accessible.
Also, the metaverse will be unlimited. This means that it should accommodate a large number of users. The internet, for example, can accommodate all humans without crashing. If the metaverse becomes a reality, it will accommodate everyone. Most metaverse projects also leverage NFTs, enabling users to pay for goods and services. Since the metaverse mimics the real world, some projects sell properties as non-fungible tokens, which you can sell on the platform or other marketplaces.
Why Are NFTs Used In Metaverse Projects?Non-fungible tokens are digital assets that show ownership of a particular product, most times, and artwork. Many digital asset enthusiasts are exploring this new venture to make a substantial profit. NFTs are also important in metaverse projects because they facilitate the ownership of tokenized objects. This creates an opportunity to make a profit from these platforms.
Top Metaverse Projects For 2022Numerous metaverse projects are hoping to capitalize on the new interest. These projects have also gained traction amongst those interested in accessing the metaverse through blockchain technology. Here are some of the most popular ones:
#1 Decentraland (MANA)Decentraland is a web browser-based platform powered by Ethereum. This virtual world platform enables users to interact with another world through their computers. However, this platform is different because users can buy and sell lands. They can also explore the virtual world and connect with other people. Exploring the virtual allows you to find new LANDs, which you may want to buy. This platform combines blockchain gaming and the metaverse into a single structure, allowing you to profit from trading digital real estate. Users can also create scenes and artworks in the metaverse project according to the platform.
Additionally, it may also enable them to create games and applications. It's safe to mention that there are two tokens on the platform. LAND is one of those two, and it represents ownership of lands. LAND is an NFT token. Non-fungible tokens are increasingly becoming popular within and outside the digital asset space. Unlike fungible tokens like Bitcoin and Ethereum, it represents ownership of LAND. The second token available on the platform is MANA. Users use MANA to purchase goods within the metaverse. This helps traders profit from the buying and selling of digital property. Founded by Esteban Ordano, Decentraland may hasten the adoption of the metaverse in the digital space. This should create an opportunity to generate wealth while connecting with others.
#2 Sandbox (SAND)Sandbox is another metaverse project that may blow up in 2022. This blockchain-based game allows users to explore a virtual world. It's safe to mention that Sandbox is one of the most successful games on blockchain technology, mainly because it allows gamers to have fun while monetizing their activities. Unlike mainstream games, Sandbox strives to compensate gamers and creators.
To make money off Sandbox, users can buy and sell non-fungible tokens on the marketplace. When you get these tokens, you can decide to sell them and convert them to fiat currency. The platform also has an NFT marketplace where buyers and sellers can trade. So, if you are looking to sell your NFT, you can do this through the platform. It also allows gamers to create and publish their newly-created NFTs. While this platform may be an early version of the metaverse, many people believe that it may pave the way for the new industry.
#3 Axie Infinity (AXS)No metaverse list is complete without mentioning Axie Infinity. Like other projects in this article, Axie Infinity is a blockchain-based game that allows gamers to make money from gaming. Axie is also a virtual world based on creatures called Axies. Players get to collect, buy and sell their Axies. They can also own virtual assets on the platform. It's important to mention that the Axie metaverse leverages non-fungible tokens to ensure smooth running. These tokens confer ownership of these Pokemon-inspired creatures to the holder; this allows the person to sell their pet for real money. Axie is one of the most prominent players in the blockchain gaming industry because it ensures that players earn money through gameplay.
This is a concept is play-to-earn. While P2E games are foreign to mainstream gaming firms, blockchain-based businesses make it an essential part of the game. However, before earning on the game, you may need to purchase Axies. This metaverse project is not like most because it's based on animal-like creatures. Still, this game has a lot of players globally, making it an appealing venture for players interested in exploring the metaverse while earning. AXS is the project's governance token, making it possible for users to participate in decision-making. So, before voting on important decisions, you have to own AXS.
ConclusionThe digital asset space is currently looking into exploring the metaverse. The problem is that the metaverse is not a straightforward concept, especially during these early stages. While Facebook hopes to contribute to a metaverse similar to the internet, most existing metaverse-related projects are games. The top projects are Decentraland, Sandbox, and Axie. These blockchain-based games allow users to make money from gaming. Additionally, they leverage NFTs to show ownership. This means that these metaverse platforms leverage NFTs to confer ownership to players. They can also sell their product on marketplaces and profit from sales.
top 5 metaverse tokens© Cryptoticker
Axie Infinity is one of the most popular Play 2 Earn games in the crypto space. The cryptocurrency AXS peaked at around $165 in November 2021 and has since declined. Currently, the price is around $50 after an extended consolidation phase. In this article, we take a closer look at Axie Infinity's chart to assess how the price might move going forward. A 100% price increase might happen, which is why the AXS chart is very interesting at the moment!
What is Axie Infinity Crypto Game?Axie Infinity is developed by Sky Mavis, a technology-focused game studio founded in early 2018. The whole Axie ordeal is inspired by Pokemons and Tamagotchi games. Axie Infinity is classified as an NFT game, that allows individuals to earn currency from playing the game as they breed, race, battle, and trade Axie creatures in the marketplace. Axie Infinity’s mission was to function as a fun and educating way to introduce the world to blockchain technology. Many of the developers and the team members met from plating Cryptokitties, which then evolved to them working on the Axie game and introduce the magic of blockchain technology to players.
All art assets and Axie data can be accessed by third parties, allowing the community developers to build their own tools and experiences to improve the Axie Infinity universe. The difference between Axie and our traditional games is that blockchain economic design rewards their players for contributing to the ecosystem. This means that the more you contribute to the Axie universe, the more rewards to reap.
Is Axie Infinity Price up?Axie Infinity price is down about $100 in the last few months. During the descent, the price formed a trend line that could be broken at any time. AXS also has a support area near $44, which represents a very attractive buy zone. The price will have to make a direct decision soon, which is why we anticipate that the Axie Infinity price could break out. The crypto market is generally somewhat bullish currently, which is why we anticipate a bullish breakout. Thus, the price could break the trend line this week. This would lead to a short-term uptrend.
>>CLICK HERE TO INVEST IN AXIE INFINITY<<
Fig.1AXS/USDT 1-week chart showing AXS downtrend - TradingView Axie Infinity Price Prediction - Where will AXS reach?If the Axie Infinity price breaks out bullishly, which we assume it will, the price could gradually work through the resistance in the weekly chart. Once the price breaks the trend line, we expect a fairly quick rally to $64. There is the first stronger resistance. If the price breaks this resistance, Axie Infinity could rally to $80 and then $96. Since the last resistance is near $100, we do not expect the price to go higher than $100 since that is where the psychological $100 level is.
Fig.2 AXS/USDT 1-week chart showing the important areas of AXS - TradingView Axie Infinity AXS© Cryptoticker
In 2021, many blockchain-based games came into the spotlight, allowing players to make money from playing with games. This made Axie one of the most popular games globally. Players played games while getting rewards, which is a fundamental part of the play to earn games.
Blockchain-based video games were not the only ones in the digital asset space with a great 2021. For one, non-fungible tokens became the new gold. Inventors became interested in buying digital art and other pieces to make profits. While investors made a lot of money through NFTs, many artists also sold their art pieces for money. This created an avenue to reward talent with attractive price tags. Many digital artworks have been auctioned to be sold at some of the most exclusive auction houses.
What Is Axie?Axie is a blockchain-based video game that leverages NFTs to reward players. While many blockchain games existed before NFTs came into the limelight, many use the technology to better gameplay. Axie was one of the first to use non-fungible tokens as a part of the game. Even after the NFT hype when down, it remained one of the most played games.
Developed by Sky Marvis, it is a game where you can battle, collect and earn. Also, the game has almost 3 million active players, making it one of the largest games worldwide. According to the official website, users can decide to build a collection. It added that Axie Infinity utilizes a technology called the blockchain. Blockchain technology has existed for a while, and many developers have found interesting uses for it. In one dimension, some use it to create NFTs. They leverage it to create a play-to-earn game in another space.
How Does Axie Work? Getting StartedPlaying Axie is not free. However, it's still cheaper than most video games. One of the major benefits Axie has over mainstream games is the ability to resell your NFTs for money. Unlike most games on PlayStation, you get to benefit from your wins through your non-fungible tokens. With this, you play and earn.
Axie is essentially a game about cute monsters who battle. So, if you love games involving battles and hunts, you may enjoy Axie. Like most blockchain-based games, it runs on Ethereum—one of the most popular blockchains existing. Also, the game has a sidechain called Ronin to help reduce transaction fees. Transaction fees are usually a common problem when using Ethereum. The blockchain charges a lot for most transactions because of the workload.
Fortunately, the sidechain minimizes fees to enable players to enjoy gaming while supplementing their income. You can also battle through two ways. One, you can battle with the computer. The computer consists of a team, which would battle against you. Also, you can decide to battle with other humans through the internet. This helps you interact with humans globally.
Understanding The GameThe game is like most play-to-earn games on the space. It leverages blockchain technology and also utilizes NFTs. An interesting aspect of the game is your ability to breed Axies. Axies can be sold as an NFT, and one of the most expensive Axies sold for $820,000. Breeding allows you to make more money through the creation of Axies.
While everything might seem exciting, you need to understand some fundamental parts of the game before playing. For one, you need to purchase three Axies to start your own team. You can easily buy this on an NFT marketplace to start your gaming journey. Most Axies are sold for about $200, so you need around $600 to create your team.
It's safe to mention that you can sell your Axies to generate profit. So, let's say you bought an Axie for $200; you can decide to sell it at a higher price to profit from your purchase. The more often you play the game, the more you learn about gameplay and how to earn your favorite NFTs. The rarer the non-fungible token is, the higher the bids will be on it. This makes it an easier way to earn through gaming.
What Makes Axie Different?Axie is different in a lot of ways. First, it was one of the first few play-to-earn games that utilized NFTs when they came into the spotlight. When the NFT hype started, not many understood the appeal behind the sector, but Axie helped it gain popularity. Because of this unique feature, many gamers opted for Axie for gaming.
Also, this game has a lot of players. When talking about some of the most popular games on the internet, it's essential to mention Axie Infinity. This game has almost 3 million users and an NFT transaction volume of over $2 billion. With more volumes come better liquidity, which is important for blockchain games.
Axie Infinity Game PotentialsAxie Infinity has a lot of potentials to grow and control higher volumes. While the hype surrounding blockchain-based games is cooling off, many users still play this game for its attractive rewards. In 2021, this game was one of the few games that utilized NFTs, profiting from the huge interest in non-fungible tokens. Today, Axie Infinity is looking to explore the metaverse.
Metaverse is one of the relatively new concepts in the digital asset world. While the word is not new, its development is becoming more profound, especially as interests create a world accessible through a medium. Humans can only access metaverse through technology, such as the internet. Many developers utilize virtual reality technology to create another world. Some games allow people to sell lands and collect rent in houses on metaverse. This shows that the internet has shifted towards the metaverse and Axie Infinity is prepared for that shift.
AXS is Axie Infinity's native token. Users utilize the token for various parts of the game. Today, AXS is one of the top metaverse cryptocurrencies in the space. Players need AXS to buy Axies; without owning three Axies, you cannot battle with others, thereby limiting your means of getting rewards.
New Axie ReleaseThe new Axie Infinity update may come with attractive new changes for gamers. For instance, Sky Mavis explained a change of interface, making it more user-friendly. Also, new special effects and a free starters Axies. This may make the game more accessible to users, especially as Axies grow more expensive. The developer wants the game to be readily available for a larger audience. However, the official release date has not been announced. Still, this exciting development may bring larger volumes into the game.
Axie Infinity Road MapAxie Infinity plans to introduce many changes to gameplay and graphics in 2022. This may help gamers enjoy better graphics and options for an enjoyable experience. Despite the growing numbers of play-to-earn projects, it remains one of the most successful. While Axie Infinity had an influx playing the game in early 2022, it also increased interest for Axie Infinity Land. This is not surprising, particularly because Facebook and other top companies are interested in the metaverse.
To ensure a better user experience and a larger number of users, it plans on implementing some plans. One of the newest updates on the Axie Infinity space is AXS staking. While the developers launched this new update in late 2021, many are still yet to utilize this opportunity to increase their rewards.
Every user can stake the blockchain-based game's native token. Staking is an essential part of the cryptocurrency industry. It gives users an avenue to support the project and also increases rewards. The reward includes more AXS tokens, which you can sell for fiat currency. Another aspect it wants to improve on is gameplay. While the gameplay update was previously slated for 2021, the team pushed it to 2022 to provide the support users deserve.
Also, the developer hopes to release Lunacia SDK Alpha before the end of 2022. With this update, users will create games. Also, the game may support mobile devices soon as the team hopes to create a mobile application for this game.
Where To Buy AXSAXS is readily available on numerous exchanges. So, if you want to buy this digital asset, you can choose to buy it from the trading platforms below:
AXS has performed well over the past few months, even as the digital asset space is exhibiting a bearish trend. Despite starting 2021 as an undervalued token, it grew to an impressive stage by the end of 2021. While it currently trades at $50, it can reach as high as $200 with the right market conditions.
AXS/USD chart showing the current price on a support level - TradingViewAxie Infinity Guide© Cryptoticker
The post Is Axie Infinity Still Big In 2022? appeared first on CryptoTicker.
Filipino-led play-to-earn community Yield Guild Games (YGG) announced today that it has acquired the Axie Alerts PH (AAPH) in an all-cash deal.
The post Yield Guild Games Acquires Axies Alerts PH in an All-Cash Deal appeared first on BitPinas.
The company guaranteed to cover and bring back all the losses during the scam and promised that it is already instituting a group-wide assessment of security measures.
The post Animoca Brands to Cover Users’ US$1.1 million Worth of Losses from Phantom Galaxies Discord Server Hack Fraud appeared first on BitPinas.
Hong Kong-based Animoca Brands released a statement saying that the company will cover the losses of those who fell victim to an online scam on November 19. (Read More)
It's no surprise that most people heard of Axie Infinity recently. The mainstream media has helped in pushing the "play to earn" narrative massively lately. The recent pandemic also had a huge role in pushing jobless people to look for earning alternatives. What's better than to play, have fun and earn a living at the same time? Well, many NFT games are emerging with exactly that concept at heart. Axie Infinity's rise came with its skyrocketing token price AXS. In this article, we'll lay out a detailed Axie Infinity guide, and explain exactly how to play this game and its dynamics.
What is Axie Infinity?Axie Infinity is developed by Sky Mavis, a technology-focused game studio founded in early 2018. The whole Axie ordeal is inspired by Pokemons and Tamagotchi games. Axie Infinity is classified as an NFT game, that allows individuals to earn currency from playing the game as they breed, race, battle, and trade Axie creatures in the marketplace. Axie Infinity's mission was to function as a fun and educating way to introduce the world to blockchain technology. Many of the developers and the team members met from plating Cryptokitties, which then evolved to them working on the Axie game and introduce the magic of blockchain technology to players.
All art assets and Axie data can be accessed by third parties, allowing the community developers to build their own tools and experiences to improve the Axie Infinity universe. The difference between Axie and our traditional games is that blockchain economic design rewards their players for contributing to the ecosystem. This means that the more you contribute to the Axie universe, the more rewards to reap.
How does Axie Infinity work?Axie Infinity runs a blockchain technology. However, instead of mining new blocks on the chain (aka solving complex math problems that generate an accepted hash), Axie Infinity provides a play-to-earn structure. Players can earn by competing PVP battles, breeding Axies and selling them to the marketplace, or collecting rare Axies.
SLPs (or Smooth Love Potions) are needed to breed Axies. SLPs like any other cryptocurrency are volatile. You can buy them from Binance.
Additionally, there are governance tokens called AXS that can also be bought from Binance. Those tokens allow their holders to earn a slice of the Axie universe as they'll have governance rights and fee-sharing built into it. Players can earn this token by... simply playing!
Don't Start Playing Axie Infinity before you Do THIS!The game can be found on the official website, but there are many things to do before you download the game. The game needs accounts and wallets, since it involves cryptocurrencies. Here is a simple guide on what to do before you even start downloading the game:
Axie Infinity is like playing Pokemon on your ol' Gameboy. This means that players use action cards to command what action their Axies will be doing for that turn. Each Axie has four cards that randomize for every battle. In order to play those cards, energy must explode. So if you have four energies, you can play any card as long as it fits within your four energy capacity.
Normally, other games allow players to choose which target to attack, but Axie Infinity's battle system attacks random targets. Usually, Axies hit the target closest to them. Now, there are three types of Axies:
Now, if you lose/win a battle, you lose/win MMR or Matchmaking Rating. If the user wins, on the other hand, he'll earn additional SLPs. The amount of SLPs won depends on the player's MMR. The higher the MMR, the higher the SLP rewards.
MMR rank to SLP winsOther than PVP battles, players can accomplish daily quests (PVE) that help them earn additional SLPs and experience points for the Axies. That's why players are advised to keep a healthy balance between PVP and PVE modes.
Managers and ScholarsAs mentioned earlier, players are required to start with 3 Axies. Today, Axies cost a lot due to high demands, and the rising price of AXS and ETH. In this game today, there's a Manager/Scholar relationship:
Today, there are around 140,000 Axies globally. The price starts at one dollar, but the most expensive Axie ever sold went for 300 ETH (or around USD 1 Million).
Playing a game and making money is the ultimate dream. Everyone would like to earn from something fun and entertaining. On the other hand, one must understand the risks involved in partaking in this adventure. Starting to play requires you to put some money in the form of cryptocurrencies. Sure, cryptos are on the rise, but when prices crash, this means that your money's worth decreased while you're spending your time playing.
That's why it is advisable to only spend money you are can afford to lose and start small. Once you get the hang of it and get yourself familiar with the dynamics, only then can you conquer your new world.
Have Fun and Enjoy!
Rudy Fares
Axie Infinity Guide© Cryptoticker
The post Complete Guide: How to Play AXIE INFINITY – Play and Earn appeared first on CryptoTicker.
We list down some of the rarest Axies right now in Axie Infinity.
The post Rare Axies and Limited Axies | Philippines Guide appeared first on BitPinas.
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