Monday, May 23, 2022

The Axie Infinity participant buys two homes within the Philippines from in-game winnings


An Axie Infinity participant from the Philippines purchased two homes with their proceeds from the favored crypto-powered play-to-earn sport.

Earlier this month, 22-year-old John Aaron Ramos, who performs beneath the pseudonym Magnus TV, introduced on social media that he had purchased two homes within the Philippines from earnings he had made with Axie Infinity.

Within the submit, Ramos attributes the purchases to the hovering value of Axie’s in-game token Easy Love Potion (SLP), which rose 940% from $ 0.035 on April 24 to over $ 0.364 on Might 2. SLP has traced 45% since then and most not too long ago modified arms for round $ 0.20.

“I believed in AXIE’s capability to select us up, held an SLP, stored a watch on the AXIE group pattern, and did some analysis […] Then I performed with the worth of SLP to come up with the money for to purchase two homes and a workforce. ”

Axie Infinity gamers can earn SLP by the video games PVP Battleground, the place gamers battle their Axies – Pokemon-inspired creatures which might be bred in-game and represented as non-fungible tokens.

SLP is at the moment the 428th largest crypto asset by capitalization at $ 81 million and has had a commerce worth of greater than $ 45 million prior to now 24 hours.

Along with SLP, Axie gamers even have the choice to earn the sport’s governance token, AXS. The AXS token has additionally seen fast features currently, rising 5,114% within the six months because it began buying and selling, from $ 0.14 to $ 7.30.

Ramos participated in Yield Guild Video games’ Sponsor A-Scholar program, which inspires sponsors to donate SLP to Axie gamers in nations the place the set-up prices related to taking part in Axie Infinity are greater than acceptable to many potential customers might show to be prohibitive.

Axie Infinity reportedly gained reputation within the Philippines in late 2020 as folks appeared for other ways to earn cash after shedding their jobs as a result of pandemic.