Post by account_disabled on Mar 10, 2024 8:56:02 GMT
The first traces of the path towards Web3 are not only represented by the applications of decentralized finance, by three-dimensional worlds such as Decentraland , but also by a new typology of games based on the blockchain. We have seen how The Sandbox works by combining gameplay and creating experiences. Today we see how Axie Infinity works , a video game with its own internal economy, which has become the symbol of a new category of games called Play to Earn (P2E). What are the differences between Pay to Play and Play to Earn games? Access : in Pay to Play the player pays once to purchase the game and can then use it infinitely.
In P2E, in order to play, you must buy assets useful in the game (avatars, characters, land), which have a variable India Mobile Number Data value and can be exchanged; Learning : usually the learning curve in traditional video games is rapid, while in P2E you need to understand some concepts and implications of the crypto world; Motivations : the main one in games has always been fun, but in P2E ones it becomes profit; Reward : In P2P, rewards are digital items that can only be used in the game's internal economy. In P2E the rewards obtained can also be sold on secondary markets to obtain fiat currency; Ownership : in P2P games the game assets remain the property of the publisher, while in P2E games the players become owners of pieces of the game; Interoperability : Decentralized games exist by leveraging independent blockchains, so in theory an asset can be transferred to another game (this still requires an agreement between developers).
How Axie Infinity works Axie Infinity was born in 2017 from the idea of Trung Nguyen, now CEO of the Vietnamese game studio Sky Mavis. Struck by the success of CryptoKitties , Nguyen decided to create a blockchain-based video game which saw the light in March 2018. But only in October 2020 did he catch the attention of the crypto community when Binance hosted the placement of AXS tokens to finance the project ( Initial Exchange Offering). The price was $0.1 each. Today they are worth more than $50. Overall, Sky Mavis raised $152 million in funding and reached a valuation of $3 billion. Axie Infinity has 2.8 million daily users. To start playing Axie Infinity you need to have a Ronin crypto wallet because the game operates on the sidechain of the same name and not on Ethereum. At the same time, you need to have MetaMask to be able to transfer Ether to the RONIN wallet.
In P2E, in order to play, you must buy assets useful in the game (avatars, characters, land), which have a variable India Mobile Number Data value and can be exchanged; Learning : usually the learning curve in traditional video games is rapid, while in P2E you need to understand some concepts and implications of the crypto world; Motivations : the main one in games has always been fun, but in P2E ones it becomes profit; Reward : In P2P, rewards are digital items that can only be used in the game's internal economy. In P2E the rewards obtained can also be sold on secondary markets to obtain fiat currency; Ownership : in P2P games the game assets remain the property of the publisher, while in P2E games the players become owners of pieces of the game; Interoperability : Decentralized games exist by leveraging independent blockchains, so in theory an asset can be transferred to another game (this still requires an agreement between developers).
How Axie Infinity works Axie Infinity was born in 2017 from the idea of Trung Nguyen, now CEO of the Vietnamese game studio Sky Mavis. Struck by the success of CryptoKitties , Nguyen decided to create a blockchain-based video game which saw the light in March 2018. But only in October 2020 did he catch the attention of the crypto community when Binance hosted the placement of AXS tokens to finance the project ( Initial Exchange Offering). The price was $0.1 each. Today they are worth more than $50. Overall, Sky Mavis raised $152 million in funding and reached a valuation of $3 billion. Axie Infinity has 2.8 million daily users. To start playing Axie Infinity you need to have a Ronin crypto wallet because the game operates on the sidechain of the same name and not on Ethereum. At the same time, you need to have MetaMask to be able to transfer Ether to the RONIN wallet.