Is Axie Infinity, the trendy game, a crypto bubble?

Gamers have always dreamed of getting paid to play video games, and until recently, that was only a dream. But with the advent of blockchain technology and the release of games like Axie Infinity, that may be changing.

However, recently, Axie Infinity, a game known as "Pokémon Crypto," appeared in the range of Internet games, which is nothing more than a game based on cryptography and blockchain that has become one of the latest Internet phenomena.

How Does the Game Work? 

Axie Infinity is a game where players can collect, train, and virtual battle creatures called Axies. These Axies can be traded and sold on the Axie Infinity marketplace.

Axies are stored on the blockchain and can never be destroyed or taken away from their owners. This makes them a valuable asset in the game.

The Axie Infinity team has created a powerful and user-friendly platform that allows gamers to interact with each other easily. This makes the game fun and engaging for players.

The whole structure of the game is based on a system of prizes and buying and selling of fantastic animals that, who would believe it, have a real and redeemable value.

The fame achieved by Axie Infinity has been such that today, thanks to this game, a fierce debate has been generated about what will be the future of the Internet.

Why Is the Game So Popular?

Axie Infinity is popular because it is the first game to combine blockchain technology with gaming. This combination has resulted in a more fun and interactive playing experience for players.

Nowadays, when people have started to talk strongly about the famous "metaverse," cryptocurrencies and alternative ways of generating resources have seen a tremendous boom, especially due to the pandemic that limited conventional jobs and led many people to seek alternative ways of making a living.

Axie Infinity found in this scenario the way to explode with force, so much so that its presence on the Internet doubles that of any other rival in the sector, as shown by CryptoSlam. 

In this new world where a digital work or a virtual piece of land costs much more than a work of art or a real piece of land, Axie has entered to compete in this world where value is given to digital assets, and that has made many people begin to wonder if this game is nothing more than a bubble or is a new step towards something much bigger in the Internet world.

Axie Infinity is today one of the most advanced developments in the world of games supported by cryptocurrencies working on the Ethereum blockchain. The secret of its success? According to some specialized media, its intuitive environment and its fighting style have been key to its growth like foam on the Internet, added to the fact that countries such as Venezuela or the Philippines have found in this game a "lifeboat" to alleviate the economic crisis in their regions.

How to Win Money in Axie?

To earn money in this game, it is necessary to register and buy 3 "axies" in the official web store, at a price of around $500, which varies depending on the price at which the Ethereum, which is the currency on which the game is based, is quoted. In addition to this value, the price of the "gas" or the commission for transferring your virtual wallet to Axie's wallet must be included.

The attraction generated by this game is so great that there are owners of "axies" that have created a system of "scholarships" so that people without money can play in exchange for a percentage of the winnings.

Such has been the game's success that its currency called "AXS" is quoted at 92 dollars as of today, December 20, 2021.

By all indicators, Axie is going "from strength to strength," far outperforming NBA cards or CryptoPunks, and this has allowed it to gain more and more attention represented in more players and consequently in a rise in the prices of its currency that feeds back as the community of players grows larger.

On the other hand, this game is bringing people closer to the understanding of this type of technology. However, despite this, many users and experts are not entirely convinced by the goodness of Axie Infinity.

In fact, many voices have been raised to compare Axie to a casino, a financial bubble, and even a Ponzi-style pyramid.

A Game Loved By Developing Countries

Looking at web statistics on sites like Similarweb, 35% of all global traffic to the game comes from the Philippines, a developing nation that has seen in this game something much bigger.

It is followed in order of visits by the United States (a clear indicator of the recession currently being experienced in the world's leading power), Argentina, Venezuela, and Brazil, the latter three countries with clearly depressed economies but which see in this kind of games the opportunity to earn good money, to the point that Axie is seen in many ways as a serious work alternative for a huge number of people.

According to current estimates, a person playing full time can generate an average of $1200 per month, which, in the case of the Philippines, becomes almost five times the minimum wage, not to mention countries like Venezuela where that amount of money makes a person almost a millionaire.

Only time will tell if Axie Infinity was a simple illusion or if it was something of much more value. For now, I will leave this writing here, and I will sit very judiciously to play a good game of Axie.

Final Words

Axie Infinity is clearly a game full of opportunities. For the moment, it has only been an "axiedom" for about nine months.

In this time, it has managed to gather more than $20 million in sales, which makes it one of the most successful games ever developed. It is true that many say that it is a bubble that will soon burst, but others believe that it is only beginning and that its success has much more to come. Only time will tell.

In any case, it is, without a doubt, a game that is worth trying out. Who knows? Perhaps you could be the next millionaire because of it.