![]() ![]() How To Use Scholarships To Get Access To Axies Without High Expenses If you want to get into this permissionless dApp, you may have to go through a long waiting list. Nowadays, to get a decent team, you need to spend $1,000.īecause of this new price point, it is beyond the reach of a lot of people who want to get into play-to-earn games. These NFT pets inspired by Pokémon can be in battles with other Axies so they can win SLP as a prize. Last 2020, buying a team of three Axies only cost $5. However, since the game increased in popularity and the Ethereum network's transaction fees increased, there has been a significant increase in the price to get into Axie. Since the in-game reward token of Axie Infinity, SLP, has a significant trading volume, the well-known cryptocurrency exchange Binance P2P now offers a direct swap between the Philippine Peso and SLP. Because of NFT gaming, an overseas Filipino worker earned enough that he quit his job in South Korea so he could spend time with his family here in the Philippines. A man was able to buy a block of land, and a 22-year-old was able to buy two homes. Some used the money to renovate their homes. Many more were able to upgrade their mobile devices. Others have even bought motorcycles for personal travel or for use as delivery service vehicles. It allowed families to pay for the school fees of the kids and buy digital devices, which are needed for homeschooling. ![]() People who earned money from playing Axie were able to buy everything they needed to cover their daily expenses. There have been amazing stories of success. For some in the Philippines, games like Axie Infinity are considered a legitimate way to earn income that can pay the bills and even serve as a primary income stream. The latter option represents a vital shift in the world of gaming as assets that are traditionally in-game have been confined to in-game worlds, without the ability to be moved off the platform.įor certain individuals, the play to earn concept is attractive, as players can generate some passive income simply by playing and having fun. People can use those tokens in-game or trade on the open market, depending on the player’s wants. In the emerging play to earn space, the leading game is Axie Infinity because it allows people who play blockchain games to earn yield that comes in the form of various rewards like tokens. The next biggest traffic sources came from Venezuela and Indonesia, two countries where the local economies are still recovering from the economic impact of COVID-19. According to the game developer, Sky Mavis, the growth statistics of Axie Infinity last March indicated that more than 29K individuals downloaded Axie in the Philippines compared to the 70K global download figure. This has allowed Axie to receive significant new rounds of funding. Today, more people in the Philippines play Axie Infinity than anywhere in the world. How to Play Axie Infinity in the Philippines The region, which is famous for its vast rice fields and “tuk-tuk”, or motorized tricycle vehicles, was in need of new economic opportunities before games like Axie Infinity came along. These individuals played Axie Infinity to pay for bills and expenses during the COVID-19 lockdown. Last year, there was a small player-base in Cabanatuan City, Nueva Ecija, consisting of around 100 players. While cashing out in-game earnings can be a complicated process, Binance makes it easy for new and veteran players alike. Many players are drawn to Axie Infinity for its play to earn mechanic, which allows everyday gamers to earn money while playing. In this article, find out how you can earn passive income with Axie Infinity and SLP tokens using Binance.Īxie Infinity, an NFT (non-fungible token) play to earn game has spread like wildfire in the Philippines, climbing the charts to become one of the most popular games today. Enterprising Filipinos have developed an innovative way to rent NFTs to other players so both parties can earn. The famous P2E, or "play to earn" game known as Axie Infinity has an extensive following in the Philippines.
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