Since the start of 2021, the popularity in trading of NFTs has reached unprecedented levels. Digital collectable items like digital icons, artwork, music tracks and many others have seen a massive rise in development since that boom, as more and more popular artists start to join the bandwagon. But the thing to note is that blockchain-based video games have already been implementing gameplay surrounding NFTs long before the huge popularity gain that NFTs experienced.
When NFTs managed to score the big hit in the market, a cryptocurrency powered video game by the name of Axie Infinity, developed by Sky Mavis studio hooked on alongside, and as the NFT market started to become more stable, Axie Infinity saw an even greater number of players hopping into their game world. These types of videos games have boomed because of their in-game economy features which can prove to be quite amazing and fun to play around with.
About Axie Infinity
Axie Infinity is basically a monster-fighting video game in which your team of monsters, named as Axies fight against another team of monsters. The game gets its massive inspiration from the Pokemon games, hosted by the Nintendo game company. The game requires you to collect several different monsters that are spread across different categories, and then use them to battle other players.
The video game is powered by the Ethereum blockchain via the assistance of the Ronin sidechain, that helps to reduce fee and increase transaction processing rates. Players must fight using a turn-based system with either the default built-in artificially intelligent bots or with other players online via the internet.
Different types of monsters are representative of NFTs. Every monster has a unique NFT identity and can be traded or exchanged in the marketplace using real currencies. Alongside the monsters, Axie also offers digital plots of land for players to obtain. Since each character in the game is an NFT, either ownership is also unique.
Another unique feature in the game is breeding Axies. This enables players to create more powerful sets of Axies to dominate their opponents during matches. The Axie breeds also gain unique statistics and identification and according to reports, some of these Axies have been trading for massive amounts of money, going up as much as 300 Ethereum for a single piece, worth about $571,089 during the period of writing.
However, it must be noted that the game cannot be played without having Axies in your inventory and the game does not provide any starter monsters, so new players must perform an investment and purchase three Axies to generate their first team for battle. The game is currently available on a wide variety of platforms including, PC, MAC, Android and IOS for players to enjoy.
There are other features like the Smooth Love Potion and AXS governance tokens which will be discussed later.
Process of creating an Axie Infinity account
Now that you know some basics about the game, it is time to learn how to join in the fight of monsters. As previously mentioned, since the game requires players to invest into three Axies to build their starting team, it is important to learn how to obtain them in an efficient way.
Below are the steps that need to be followed to register an account on Axie Infinity and setup the payment methods.
- Setup MetaMask
The first step is to install the MetaMask application. MetaMask is basically an Ethereum powered digital wallet service which supports Axie Infinity payments.
Visit the website https://metamask.io to install the wallet service on your desired platform. For users preferring desktops, MetaMask can also be downloaded as a browser extension.
- Create a MetaMask wallet
Now that the MetaMask application has been installed, the next step is to create the wallet. The wallet will let you store cryptocurrencies and then help you purchase in-game digital items later.
Open the MetaMask application, click on the “Create a Wallet” option, the process will continue till the option where you need to setup your unique and secret phrase to keep your wallet secure from others. It is important to note down this phrase, as recovery can become quite a hassle.
Now that the MetaMask wallet is created, we will not move towards setting up Ronin.
- Setup Ronin
In short, Ronin is a sidechain that was a product of the team at Axie Infinity themselves. Every transaction for Axie Infinity is now required to pass through the Ronin side chain. The advantage of Ronin is that it reduces gas free and response times for the primary Ethereum network, helping transactions be more efficient, both in terms of pricing and speed.
Ronin can be installed as a browser extension. For this article we will install the official Ronin extension available on the google chrome web store.
- Create Ronin Wallet
Now that Ronin is installed, we must now create a Ronin Wallet. The steps are quite like the process of the MetaMask wallet. After opening the extension, click on the “Get Started” button. Keep following the registration procedure and just like MetaMask, keep your designated secret phrase of your Ronin wallet safe and secure.
Now that both the MetaMask and the Ronin Wallet have been installed, the next step is creating an Axie Infinity account and bonding it with your Ronin wallet.
- Axie Infinity account registration
Next step is to visit the Axie Infinity marketplace page. On the top right corner, you will see the login button, press it. A new page will pop up prompting you to login with either you MetaMask wallet, your Ronin wallet, or using an email and password. We will click on the “Login with Ronin Wallet” button since we are linking the Ronin Wallet. The next prompt will ask you to enter you name that you will be using inside of the game.
- Completing the Signup Process
After that has completed, the account will be created, however the setup process must be completed. To do that, click on the “Accounts” tab and then click on the ‘Setup email and password” button. Type in the email and password for the Axie Infinity account. The next prompt will ask you to paste-in the verification code sent on your email account.
Another security measure is to setup two factor authentication to give your account an additional layer of security. Go to the security options, click two factor authentication and follow the process to set it up. This will ensure that even if your email and password are compromised, login will not possible until the verification code on either your phone or email has been entered.
And you’re done! Congratulations! You have now created an Axie Infinity account, now being able to purchase Axies and starting your journey in Axie Infinity.
Handling login errors
If you are having trouble logging in, there can be many problems associated with the issue. Check the following details below to identify the issue.
- You have either forgotten your email or password associated with your account.
- You are having trouble accessing your two-factor authentication code
- You are accessing the wrong website or are using the incorrect login method.
- Axie Infinity servers are undergoing maintenance.
Be careful with entering wrong login details. If you enter incorrect login details many times, the site will temporarily lock your account, which will then provide you with a certain time frame, before you can login again. If you are having some other issue, you can contact the Axie Infinity Help Center, who will aid you in your query.
Axie Infinity password recovery
If you have managed to forget or lost your password, you can recover it by following a series of steps. Axie Infinity provides ways for resetting passwords.
Open Axie Infinity and navigate to the login screen, under the login button, there will be a “Forgot your Password?” option. Click it and then enter your username and email. If you are not sure of even your registered email and username, then unfortunately there is no way you can recover the account.
After that, Axie Infinity will send a password reset message with a verification code either sent to your registered phone or your email address, depending upon the option you choose from the menu. Enter the code in the provided field, and then a password reset screen will show, letting you enter a new password and helping you recover your account.
As mentioned before, if you are enabled to produce a verification code or link, then it will be impossible to recover that account, because of the security policies implemented by the team at Axie Infinity.
Obtaining Axie NFTs
Now that your account is set up, you can start playing the game, but you need to buy three Axies from the marketplace first. Axies can be bought using Ethereum tokens present in your Ronin wallet. But you will also need to purchase Ethereum to add it to your Ronin wallet. To do that, access a cryptocurrency exchange such as Binance, create an account there and buy Ethereum from it.
After purchasing the Ethereum, transfer it to you MetaMask wallet though linkage and then forward those Ethereum tokens to your Ronin wallet by utilizing the Ronin bridge feature. Once the Ethereum is transferred to your Ronin wallet, you can use it to purchase Axies according to your budget.
Axies have different price ranges, with the rarest ones having the most value, so it is suggested to slow on your wallet and buy some cheap monsters and get a feel for the game before investing huge. The current cheapest Axies are called “Floor Axies” and are worth around $30 each. The cheaper Axies are not that tough to fight, so players gain the urge to spend more money and obtain Axies with better stats.
Getting AXS governance tokens
Axie Infinity Shards (AXS) tokens are ERC-20 governance tokens for the Axie ecosystem. ERC-20 tokens are said to have the most significance and provide the standard for smart contracts on the Ethereum blockchain. AXS tokens are considered by some as Axie native token, letting users gain benefits by staking them, playing the game or by being a part of vital governance voting events. The AXS tokens from Sky Mavis are intended to promote the concept of decentralized ownership and provides governance for the Axie ecosystem, helping both users and developers to connect with each other and make important decisions.
AXS tokens are available for purchase across several popular cryptocurrency exchange that include Binance, FTX, Houbi. AXS can be obtained by connecting your digital wallet with Ethereum present in it on Uniswap, selecting AXS from the option and then choosing which asset to swap with. You will then be asked to enter the respective amounts of trade and once the trade is good, click on the “Swap” button and the transaction will begin to process.
Smooth Love Potion (SLP) reward tokens
The smooth love potion (SLP) is basically a reward token that is awarded to players for playing the game and completing achievements, in two of their battle and adventure game mods. SLP is an ERC-20 utility token that contains its own valuation and can be traded on different cryptocurrency exchanges.
The valuation of the SLP token hasn’t been performing that great compared to the AXS token and many have started to question the supply of SLP in the coming times. In addition to that, there are also many questions surrounding the stability of the token. Despite some tweaks made by the development team at Sky Mavis, changes implemented using governance votes will highlight where the valuation of the token stands.
Purchasing digital land
Axie Infinity has an open world called as Lunacia, the plots making up this virtual land is tokenized, which lets Axie Infinity players create their bases in the adventure mode. Players can buy land, rent it to others or can build on it. Resources are also spread across Lunacia and need to be located by players to develop their land and make their Axies more powerful.
This digital world is still requiring a lot of development, but once it reaches its full form, there is no telling how it will affect the game’s overall performance and economy, developing unlimited possibilities for players to seek out and earn.
Play-to-earn concept
This concept is a fresh idea on how dedicated players of a certain video game can be rewarded for their achievements, and then they can utilize those rewards by trading them to make an earning out of it.
The benefit of this type of model is that the game is free to play for new players, but then as they progress into the game, they can support the game and improve their characters by purchasing digital items like characters and costumes and upgrades, adding value to the game, while also gaining their own progress.
As of now, Axie Infinity does not follow this model, because it requires you to purchase three monsters to create a starting team, however, according to some sources, Axie infinity is soon planning to provide new users with starting monsters, letting them set of on a journey without spending any money in the initial stages. The starter pack might not be that effective but will surely setup the user to achieve more in the game.
The better the characters, the more popularity and money is highlighted about a certain user. Content creators and live streamers in the community can also receive product sponsorships and advertisement opportunities, letting them make additional money out of their work.
Because of the massive rise in popularity, Axie Infinity currently standards at the third position, setting an impressive sales record. According to sources, as of March of this year 2022, the company has managed to host $4.17 Billion in NFT sales, falling below the top NFT platforms that include OpenSea sitting that first place with $23.21 Billion and LooksRare falling just short, holding the second position with around $18 Billion in recorded sales.
Final Words
In conclusion, hopefully this article has effectively provided you with the steps on how to get started with Axie Infinity. If you have performed all the steps as mentioned, then you should be able to start your journey into the world of Axie Infinity as a fresh challenger seeking glory and earning from it. As Axie Infinity continues to add new features and improve existing ones, a very exciting future is expected for Axie Infinity players around the world, looking to earn by playing their favorite games.
The connection of the crypto space and the gaming industry has presented new and unique ideas of finance never seen before, leading to an unlimited number of possibilities for users take advantage of. This not only highlights evolution in online gaming, but also envisions what online gaming will become in the future. There are issues regarding blockchain technology, but projects like these are likely to change and revolutionize how blockchain technology can become in the future.
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