Blockchain enthusiasts need something to inspire and excite them for the trading encounter. And the tech response to that was the invention of an NFT game that rewards players for playing an online video game. Now, the game raked in over $100 million in trading volume in just one month. Meanwhile, the related Ronin wallet on the gaming platform has been downloaded over 200,000 times in the app store.
By implication, the Axie Infinity now has a ton of daily users. The game did justice to ensuring that records are shattered on all sides with very rapid and exponential growth. On the other hand, the interest in the game grew beyond expected. It led to the creation of an Axie Infinity Scholarships System. This system provides a rare opportunity for game players to earn from the Axie Infinity Game even without having the initial capital to start.
Whereas the gaming experience through scholarships can teach them the ins and outs of the game. But before then, you first need to learn what the Axie Scholarship is all about.
What is the Axie Infinity Scholarship about?
The Axie Infinity Scholarship became necessary last year, 2020, when the game’s user base grew exponentially. This growth brought about the cause of more demands for the axis than were currently available. At the same time, the prices of the available axies were sky-high for a new person to afford and start a team of its own. Whereas it is impossible to start the game without an axie. In fact, you will need a couple of three axies to start off.
As we continue to have many players seeking to play the game, some had no money to start. They could not afford a couple of hundred dollars to play the game before earning SLP tokens. This condition led to the creation of the Axie Infinity Scholarships, which serve as a lending program for those who are ready, willing, and able to play the game for profits.
The scholarship program starts with many players who already had a lot of axies they could trade with. Over time, they may have earned it from the game or bred them to produce offspring. Either way, they create a new Axie Infinity account for their fame and transfer a team of axies into this account. Then, they ask someone else to play them on the latest version, and they share the proceeds.
Advantages of Axie Infinity Scholarships
Some of the benefits of enrolling for any of the Axie Infinity Scholarships involve the following;
- New players who have no money to begin the investment can start playing the game based on the axies of other players in a new account. When these players earn SLPs through the latest version, they turn over part of the rewards to the game owner as a profit sharer. Usually, the share rate is about 60-40% or 70-30%, and then the new player can save up until he can afford his own set of axies
- Another benefit is that the total number of people that can now play the game has increased tremendously because the initial funding is no longer a barrier. Moreover, it results in more users altogether, which is one of the primary goals of the game developer. Then, as it produces or purchases more resources, it may still lead to an increased demand for new axies and SLP and AXS axes.
- Having scholarships for the game prevents the mass selling of axies by breeders on the Axie Infinity marketplace. Especially since they know that setting up a scholarship program can also serve as a secondary investment, they will prefer to sell off than close the game altogether. Now the axie owners know that they can use their excess axies to earn more SLP and even breed more of them. At the same time, they can maintain a decent price floor when they come to the marketplace.
- Axie Infinity Scholarships are totally risk-free, and that is somewhat some people’s fear about trading SLPs and other rewards. In the scholarship, the player can access their accounts but not the wallet. So, the original owner of the report can decide at any time to remove the investment back into the wallet. On the other hand, the scholar cannot transfer to other wallets or steal the rewards. Visit https://www.investopedia.com/terms/s/supplemental-liquidity-provider.asp to read about
How does the Scholarship Work?
You may begin to wonder how the Axie Infinity Scholarship work or how can anybody probably join? On the other hand, a breeder with abundant axies may wonder how to start one. Each of these concerns has an honest and straightforward answer. As a user, becoming a scholarship member requires checking out some of the Axie Infinity Discord platforms or the Axie Infinity Twitter Account for a start.
The Discord contains a scholarship channel where you get to see people actively searching for scholarships or those posting scholarships. And if you are a breeder, you may simply copy any of their messages and use them as your own information. On the other hand, you can also find those who have scholarship offers.
Meanwhile, you don’t have to use your real name, private keys, address, or other personal details when posting a scholarship. However, some of the information that scholarships require include your level of experience playing the game. The reason, no doubt, is to measure the ability to earn SLPs when given scholarships and not squander the given chances.
Another piece of information is the kind of device you want to play with. Is it an iOS, Android, or Desktop computer? Finally, you need to state how much SLP you can earn each day of playing, where the average is between 150 and 200 SLPs each day.
There is still quite a lot to gain from blockchain technology in play-to-earn NFT games. But already, the ground is open for explorers and passionate game players in the new innovation. Moreover, the game is also crucial in the current trend of blending the gaming technology industry with the finance sector. Meanwhile, that opportunity implies that investors can think big and take advantage of the situation.