Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. If you’d like to purchase a hardware wallet for yourself, then check out the table below for a couple of the best options. Hardware wallets are also another option to secure your assets and gain access to DeFi services. Non-custodial wallets such as Metamask and TrustWallet are popular crypto wallets used by millions of crypto investors and DeFi application users. If you’d like greater control over your funds, better security, and the ability to use your tokens on decentralised platforms, then setting up a non-custodial wallet and sending your funds there will be the way to go. You can keep your purchased Axie Infinity on a crypto exchange or brokerage. Your influence will be related to how many AXS you own. This will also give you a say in the future development of the game. If you like the game and want to get more involved, then you can stake your AXS for high returns. Once you’ve set up your Ronin wallet, head to the Axie Infinity website open your wallet and buy an Axie monster NFT to play with. If you’re interested in playing the game then send some of your newly purchased AXS to your Ronin wallet. The point is that both within the game and outside of it, the demand for AXS is extremely high. Speculators are always waiting on the sidelines, tracking the price of Axie Infinity (AXS), ready to pounce on dips and take advantage of price swings. However, not everybody who benefits from Axie’s success is as emotionally invested in the game. Amazingly, the most ever paid for a single Axie was almost a $1million with almost $4billion in total traded on the platform in 2021. And for those who are serious about the game, there is the kudos of progressing through the metaverse and acquiring bags of coveted NFTS to hold or sell when the price appreciates. Rewards can be earned in various ways including through staking AXS, voting within its governance system and, of course, playing the game.ĭoing these things allows participating individuals to benefit from dividend payouts. Its stratospheric growth in price since its launch is directly linked to an engaged community in an increasingly competitive ecosystem. Capital gains tax may be applicable to profits from cryptocurrency sales.Īxie Infinity has a thriving userbase and is a front runner in the blockchain play-to-earn gaming space. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. If you’d like to purchase AXS right away, then visit one of our recommended crypto exchanges and brokerages below to get AXS now.Ĭryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. So popular has the game been that many people in emerging economies ditched their low-paying jobs, turning to Axie Infinity full-time because of its higher earnings potential. Pro tip: Buying rather than earning SLP is a tactic used by seasoned players to accelerate their progress through the Axie Infinity metaverse game.įounded by Sky Mavis, a Vietnamese studio, Axie Infinity is the world’s leading play-to-earn platform. Gamers who play Axie Infinitiy can earn Smooth love potion (SLP), an in-game asset, and token in its own right, that can be traded on open exchanges and converted into fiat currencies.ĪXS is different from SLP in that it is an ERC20 token that facilitates governance, staking and payments within the Axie Infinity ecosystem whereas SLP is purely a rewards token. Axie Infinity is a video game where players purchase non-fungible tokens (NFTs) of cartoon monsters called Axies and battle other players’ Axies in hopes of winning in-game rewards- and crypto.
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