The experiment of investing in a game project has come to an end on the site. During the month, readers watched the step-by-step realization of the strategy of earning money in Axie Infinity: from buying characters and finding an outsourced tenant to getting the team into the top 300 thousand of the best participants. On March 22, season 20 of the popular blockchain game ended. In this post, we summarize the results of the experiment. So, how much can you earn in Axie Infinity?
Choosing a strategy and initial investments
According to the Active Player portal, the number of active players in Axie Infinity in March 2022 was 2.23 million. In the new season, participants earned using personal skills. Passive players:
- Farmed SPL tokens in arena battles.
- Outsourced accounts to experienced players, earning income for doing so.
- Buying and reselling promising axes.
In this experiment, we focused on passive income from farming. Before starting the trial, we bought a team of 3 axes and found an outsourced player. We signed a contract on parity terms – 50/50.
The table shows how much money was invested in the game.
Distribution of finances | Amount |
---|---|
Another $120 left in my wallet in case of an emergency character change.
Passive income from PvP
For 4 weeks, the battle axis fought in the arena under the control of an experienced player. In the first days, the team’s rating was steadily growing. However, by the end of the 1st week, the rankings started to decline. After replacing the back planeswalker with an all-purpose mech, the team’s strength increased.
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The situation in the arena was changing daily.
To stay in the trend, the player regularly monitored the balance of power, studied the results of matches and assemblies of opponents. Based on the results of the analysis, adjustments were made to the strategy, new ideas and tactics were practiced in battles.
During the experiment the composition of the team was changed twice. Each rotation was justified and brought positive results. By the end of the 3rd week the position in the ranking rose to 1630 points. According to the results of all matches, the team entered the top 300 and claimed a cash prize.
Despite the successful advancement, by the beginning of week 4, the team lost a few steps in the standings. However, the overall result of the game was negative. Due to a series of defeats the rating dropped below 1500. Because of this, it was not possible to enter the top 300,000 players.
Financial results and conclusion
Figures at the end of 4 weeks in Axie Infinity:
- The team earned 1,455 SPL (about $30).
- By the end of the season, there is 0.0115 WETH ($39.2) left in the linked wallet.
- There are 3 axi worth $360 in assets. The value of game characters fluctuates.
If the experiment continues, the estimated payback period for the invested funds will be at least 11 months. However, the situation in Axie Infinity may change depending on developer updates. Previously, players earned much more cryptocurrency by completing daily tasks. Now the income of participants has decreased on average.
If the situation does not change for the better, Axie Infinity will start losing audience. On top of that, the Ronin wallet, which is used to store Axies and earned cryptocurrency, was recently hacked. The negative situation around the project makes it less attractive for new investments.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.