The “play-to-earn” movement or NFT gaming is enjoying massive growth over the past year. NFTs (non-fungible tokens) are assets that live on the blockchain network. In the game, players collect rewards in the form of NFTs (non-fungible tokens) and later convert them to real cash.
One of the play-to-earn games dominating the scene right now is Axie Infinity, a Pokemon style game created by Vietnamese developer Sky Mavis. It has over 350,000 daily active users and over $170 million in trading volume. The blockchain based game allows players to collect, breed, raise, battle and trade token-based creatures known as “axies,” which are digitized as their own NFTs.
To play Axie Infinity, you will have to buy a team that consists of three axies. At the time of writing, the floor price of each adult axie is around 0.17 ETH each.
One of the main reasons why Axie Infinity has reached so much popularity is due to its “Scholarship Program” which allows axie holders to farm out their pets to “scholars” through different profit-sharing methods. Scholarship programs empower people who do not have enough access and capital to enter the game, to still play and earn. At the time of writing, scholars can earn as much as 2,000-3,000 SLP in a month.
Axie Revolution, a UAE and Philippine-based organization with a goal to boost people’s lives through Axie Infinity. Their organization is currently helping over 140 scholars, with a percentage coming from the region.