How to earn money in Axie Infinity so you can get some passive income while having a good time? In this play-to-earn game, thousands of players have the opportunity to earn big. Here are the main ways to earn money in Axie Infinity, with an estimation of how much money you can earn from them.
- How Axie Infinity Works
- How to Earn Money Playing Axie Infinity
- How Much Passive Income Can You Earn Per Day in Axie Infinity?
How Axie Infinity Works
On Axie Infinity, players have the chance to raise cute digital pets called Axies. They can then use these pets in battles, just as with Pokémon. In some instances, players have reported that Axie Infinity is currently their main source of income. For those who know how to navigate the Axie Infinity world, there is a huge opportunity to rake in the dollars.
How to Earn Money Playing Axie Infinity
There are numerous ways to earn from being part of this blockchain game. The main ways players on Axie infinity earn are. In this guide, the Whale Journal will cover the following ones:
- Harvesting Smooth Love Potions (SLP)
- Creating an Axie Scholarship program
- Breeding and selling Axies
- Invest in Lunacia Land Plots
- Staking Axie Infinity Shards (AXSs)
Harvesting Smooth Love Potion (SLP)
For most beginner players, farming and harvesting SLP is the starting point. While going through the game by taking part in battles and quests, you receive a reward in game tokens called Smooth Love Potion (SLP).
SLP is a valuable resource that is in high demand throughout the game. The reason for this is that SLP tokens are needed to breed Axies. When you have SLP, you can sell them on the Axie Marketplace.
How Much SLP Rewards Can You Earn Per Day?
Adventure Mode (PvE)
Before Season 20, the SLP reward varied depending on the level at which you were playing. Those at higher levels got more SLP. Now, SLP rewards for Daily Quest and Adventure Mode have been reduced to 0 for economic balancing. These changes are meant to support the value of SLP and the game economics, along with the Axie Burning Mechanism.
Axie Infinity SLP rewards can now only be earned from the Arena mode (see below).
SLP Rewards in Arena Mode (PvP)
[Updated for Season 20 SLP rewards changes:] When playing in Arena Mode, SLP rewards will vary based on the arena bracket. Those in the beginner and intermediate brackets earn 1 to 12 SLP per battle won.
|SLP rewards changes (for Season 20)
|1 SLP per win
|3 SLP per win
|6 -> 5 SLP per win
|9 -> 6 SLP per win
|12 -> 8 SLP per win
|15 -> 10 SLP per win
|18 -> 12 SLP per win
Breeding and Selling Axies
Besides the SLP token, Axies that you own have value as NFTs. They can breed, which leads to a new Axie. When the offspring is born from two Axies, it possesses powers and stats that are different from the existing Axies. Once you breed a new Axie, you can opt to keep it or sell it on the marketplace.
The price of an Axie is determined by its quality, which is essentially its stats. The better the stats, the more you will get for it. Some of the cheapest Axies currently sell for around 0.05 ETH.
Those who have mastered the art of breeding Axies have been able to bring forth some truly unique Axies. One example of a unique Axie is the Mystic Axie called Angel that sold for 300 ETH or around $120,000 at the time.
However, while not everyone will get Axies worth over $100K, breeding is still a lucrative process for many players, if you put in the effort. There is always a ready market for the Axies and demand is constantly rising.
Create an Axie Scholarship Program
If you do not plan to sell your Axies, you could establish an Axie Scholarship program with them. With the Axie Scholarship, you can lend out your Axies to others so that they can begin playing for free while you receive a cut of their earnings.
In Axie Infinity, you can only control one team of three Axies at any time. Creating multiple accounts is illegal and is grounds for banning. That is why many people with extra Axies opt to create Scholarship programs where they can earn from them (Scholarship programs are currently not an in-game feature). As a manager, you set the terms and conditions of your Scholarship such as specified quotas and how earnings will be split.
Invest in Lunacia Land Plots
Developers are working to build up the in-game world of Lunacia as one of the features of Axie Infinity. If you still wonder how to earn money in Axie Infinity, know that everyone is welcome to invest in an NFT land plot to populate this world. The plots can be used as homes or operational bases for Axies, which can be customized at will.
Plots can be customized to produce profitable resources, battle monsters in, host shops, and become access points for dungeons. Like real-world plots, these plots can be rented to others or sold. Alliances can be made to pool plots and create guilds.
The feature is still in the early stages and there is a planned release of the Lunacia SDK soon. It will allow independent developers to come up with games and host them on the land plots.
Staking AXS Tokens
The Axie Infinity Shard (AXS) token is one of the in-game tokens on Axie infinity. It acts as the in-game currency as well as the governance token. AXS can also soon be used for staking to earn holders a passive income.
Staking simply entails locking up the AXS tokens to support operations on Axie infinity. In exchange, stakers will receive freshly issued AXS. With the recent rise of Axie Infinity popularity, the value of AXS is no doubt going to keep rising. Staking AXS ensures that you can share in the success of Axie infinity. It is an easy and reliable method to make a passive income.
You may like: Town Star: List of Rewards per NFT & How to Earn Coins
How Much Passive Income Can You Earn Per Day in Axie Infinity?
On Axie Infinity, there is no upper limit on how much you can earn. The game is still young and as the demand for Axies grows, so will the potential to earn. For now, the most basic way to earn is via SLPs. At the current price of $0.05903 per SLP, a basic player can earn around $20 per day with minimal (but diligent) effort. With a more work and time, that amount could increase to thousands on a good day. Update: the SLP price currently tends to get lower, so the money you earn per day will decrease too. Keep that in mind in your passive income and revenue calculations.
The list above is not exhaustive when it comes to how to earn money in Axie infinity. There are many other ways that you can earn passive income through this blockchain game. Follow the Whale Journal to stay updated on these other methods.
The more knowledge you have on how Axie infinity works, the more you are likely to boost your earning potential. Besides, the game is still in its formative days, despite how popular it has already become. There is still room for development, and joining early ensures you will be part of the exciting journey.