Axie Infinity: A Risky or Safe Investment

Investing in play-to-earn games such as axie infinity game is better than merely spending money on in-game purchases in other online video games that would yield no returns.

The associate vice president for investment instruction of the Junior Fellowship for Financial Literacy – an organization formed by Ateneo de Manila University students – stressed a list of things that must be considered and evaluated before investing in axie infinity game.

Generally, people need to know their objective and risk tolerance level. For me, the first thing you must consider before you enter any investment is the risk. How much are you ready to lose, and how comfortable are you to lose?

As an investor, I warned against making decisions based only on the hype toward a product. And, it is not wise to jump on the hype. You can earn through hype because you go along with the trend you make with people, but you may be constrained without a proper exit plan.

The price volatility of cryptocurrencies must also be considered as they are harder to predict than stocks. Early in the second quarter of the year, the SLP soared to a rate of P20. As of Sept. 14, 3:00 p.m., the SLP was valued at P4.40.

Axie Infinity: A Risky or Safe Investment

Axie Infinity seems volatile, and that’s the scary part. It can be unpredictable sometimes, so you cannot make a long-term plan for it if that’s the case. It is easier to create long-term goals than stocks because you have the fundamentals.

Overall, some financial experts believe axie infinity game is risky, considering it was created in 2018 and has only recently gotten the hype in the market. Although you could earn a good passive income from it, the problem is it’s not always about the returns.

Suppose you are a potential manager or scholar. In that case, you need always to treat whatever money you are making from axie infinity game only as a “blessing” or a backup source of income, even if your earnings from it tremendously exceed your primary source of income.

Axie Infinity’s two-year history is enough for it to gain credibility. As an expert in the cryptocurrency world, I am used to assessing the risks of whatever wants to take my money. Axie Infinity has been operating since 2018. That’s already four years. Come to think of it; there must have been players since then. They have not shut down either. The developers are still working, and the game is still gaining popularity.

Axie Infinity: A Risky or Safe Investment

What are the risks involved? 

The game would be more stable if threats on the system were handled well. Cyberattacks such as DDoS can halt a site’s operation by flooding it with several malicious traffic. 

Meanwhile, other controllable risk factors also threaten axie infinity game players, such as getting banned from the game. That is his top-most concern. An individual playing on multiple accounts is among the grounds for getting banned.

With the scholarship, the main risk is having your account banned. When your scholar’s account gets banned, even the manager’s account would be banned as well, which is why you still need to hesitate to take in scholars from people you don’t know. 

Aside from getting banned, players should also fear having their wallets hacked through phishing. A social engineering attack is often used to steal user data, including credentials and credit card numbers.

Phishing scams are prevalent when it comes to cryptocurrencies. That is why you need to be careful of the links you click, as well as the cryptocurrency sites you visit. You also need to be cautious of Ronin Wallet.

Ronin Wallet is a Google Chrome extension that allows users to play axie infinity game and other decentralized applications running on Ronin, an Ethereum sidechain explicitly built for blockchain games. Ronin Wallet and Metamask are two crypto wallet accounts needed to cash in and convert Ethereum to Axies.

Axie Infinity: A Risky or Safe Investment

What are the Regulations?

In the Philippines, where their minimum wage falls between P316 and P537 per day, Axie Infinity has presented itself as an appealing option to expand families’ declining economic capabilities amid the pandemic fallout.

The primary reason was how taxes were not deducted from their generated income. However, recent reports said the Department of Finance (DOF) recognizes transactions made from axie infinity game as taxable.

Based on reports, Finance Undersecretary Antonette Tionko said the cryptocurrency earned from the game is taxable. However, the government is yet to establish a mechanism to collect taxes from digital assets.

However, she disclosed that both the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) have yet to decide if an “Axie” would be characterized either as a security or a currency. She said its characterization would determine how it should be taxed.

Axie Infinity: A Risky or Safe Investment

Sky Mavis has not yet registered in the Philippines. Both the SEC and BSP earlier said they are still studying the regulatory touchpoints regarding Axie and that they are not yet requiring the company to register. Sky Mavis told players in a statement a month ago to comply with their home country’s regulations and tax rules.

Under the law, a foreign entity must secure prior registration with the SEC if they want to do business in the country. By registering, their onshore operations will be subject to Philippine tax laws.

If individuals decide to transact with unregistered entities, the SEC said the government could offer little to no protection against harm and any form of misconduct from these companies.

Plans to impose taxes on earnings from axie infinity game have since triggered adverse reactions from the Filipino Axie community. They also wondered how the government would track those earning from the game if the nature of cryptocurrency allows anonymity.


Despite people’s high level of interest in cryptocurrencies, Miranda asserted that skepticism toward them will always be present. I encourage you to understand cryptocurrencies and how they work before assuming that investing in axie infinity game is a scam, considering its prerequisite of buying at least three Axies before getting started.

Why are NFT games so popular?

Why are NFT games so popular?

NFT games are one of the trendiest new cryptocurrency subjects and with cause. NFTs are a relatively new token designed to address some of the most pressing challenges confronting the cryptocurrency ecosystem.

While cryptocurrencies such as Bitcoin and Ethereum have had tremendous success in recent years, their use is restricted since they can only be used as a medium of exchange and store of value. This is where NFTs enter the picture.

NFTs are popular because they rapidly evoke memories of products from games, films, and everyday life. The success of Crypto Kitties provided a significant boost to NFTs, and new NFT games are being released on a daily basis. People acquire things for the sheer joy of it and for the bragging rights.

Different types of NFT games

Earn money by playing

Through games that emphasize monetary gain, video games are raised as an income source. Each participant gets a one-of-a-kind item with established scarcity that they may retain. This notion allows players to make use of their stuff in a variety of different games.

In the best NFT games, a great deal of emphasis is placed on the play-to-earn paradigm. The built-in incentives are what distinguish them from other types of games. These incentives shift power away from game producers and toward the community’s strongest players.

Reward opportunities inside the game

The second sort of NFT game requires players to collect in-game items in order to proceed through the game, especially those having a monetary value. The best NFT games in this category allow players to collect in-game assets in the form of NFTs. You can read about the Top 5 NFT Games You Can Play To Earn $100 a Day: ‘Splinterlands,’ ‘Lost Relics,’ and MORE by clicking here.

Players may collect and swap weapons, characters, vehicles, and other in-game items in a variety of ways. NFTs are the only kind of currency that may be traded.

Depending on the game, players have two options: assembling NFTs till they get crypto prizes or selling NFT games for profit.



Gamified learning is prevalent in a number of NFT games. There is a true goldmine of educational material accessible through a game-like user interface that promotes learning. These NFT games are completely free to play and need no upfront commitment.

The advantages and disadvantages of NFT games

Consider some of the most significant benefits and drawbacks of the top NFT games.

Advantages: Increased income opportunities

Experts developed NFTs in response to an uneven digital environment. As a result of their efforts, the NFTs have garnered considerable attention and investment.

Advantages: Smart contracts

Smart contracts are often regarded as the lifeblood of the fast-developing blockchain ecosystem. Additionally, it enables automatic executions in response to certain circumstances.

Advantages: Immutability

After the legality and blockchain truthfulness of NFTs are confirmed, they cannot be altered or replaced. Additionally, their underlying authenticity is divided into three categories: genuine, actual, and irrelevant.

Advantages: Ownership pride

Finally, but certainly not least, generous contributors have an easy way to support the artistic community. NFTs may be cherished additions to their memorabilia collection.

Negative: An unregulated market

The finest NFT games now available on the market have an important emotional and visual component. In the long term, estimating the cost of NFTs is difficult.

Cons: Theft is a possibility.

NFTs are perfect for cyber theft from the perspective of hackers. As a result, many exchanges have security difficulties as a result of old or inadequate practices.

Cons: Concerns about sustainability

Numerous analysts believe that the rising NFT market will contribute significantly to the fast depletion of the earth’s natural resources, since the system that powers it consumes a lot of energy.

Given that the majority of NFTs’ security and distribution technology is derived from Ethereum, each transaction is anticipated to use over 48.14 kilowatt-hours of energy. To put things into perspective, the average global energy use per person is only 58 kilowatt-hours per day.

Cons: Possibility of ownership and control difficulties

The ownership principle is not applicable to the replication and distribution of NFTs across many platforms. The fact that you possess the NFT does not mean that you have the ability to prevent or even affect the production of NFT’prints. You can also read about NFT’s Advantages and Disadvantages and a glimpse of the NFT by visiting

How can I begin with NFT gaming?

The first step is to invest in the NFT games sector. Always do due diligence before investing. Following that, you’ll need to focus on amassing your tokens.

It is vital to remember to invest just what you can afford. To maximize your enjoyment of these games, it’s necessary to first grasp how the economy works.

What role does a cryptocurrency wallet play in blockchain gaming?

It is a cryptocurrency-backed digital wallet. It is possible to trade and earn money in NFT games that make use of such a digital wallet.

What are microtransactions/in-game purchases?

The term ‘micro transaction’ refers to in-game transactions in NFT games. ‘MTX’ is a typical colloquial abbreviation for this term.

Micropayments may be used to acquire virtual items, such as game assets, under this business model. Microtransactions are more prevalent in free-to-play games.

What role do cryptocurrencies play?

Trading cryptocurrencies entails the acquisition and sale of any kind of cryptocurrency coin. Numerous NFT games now support a number of cryptocurrencies, including Ethereum, Dogecoin, Bitcoin, and Cadence. To initiate the transaction, investors create an account on an online trading platform.

How can you make money playing NFT games?

The game’s mechanics dictate how much money you can make while playing.

You might earn money from other players who appreciate the NFTs or cryptocurrencies you earn while playing various games. To earn money, you may either sell your unique items or in-game currency at a market, exchange, or auction house — some of which are located inside the game, while others are accessible through Defi marketplaces.

Is the buzz around NFTs justified?

Without a doubt, the best NFT games are inspired by well-known genres.

Nonetheless, it’s worth mentioning that the finest NFT games to invest in are profitable in unique ways since they serve as both entertainment and a source of income for a large number of individuals. Additionally, their integration of blockchain technology distinguishes them.

NFTs are increasingly being incorporated into sports memorabilia and sports themselves. As a result, engaging millions of followers globally is a natural option for NFTs. NFT games are becoming more relevant for companies and players alike. Check out: DeFi and Play to earn games

Core business aspects of NFT play to earn games

As cryptos continue to grow in popularity, companies worldwide are exploring new ways to integrate this really innovative technology into their core goods and services. Online gaming, in particular, has become a hotbed of innovative technology in this field. Play-to-earn games are constantly devising new ways to use cryptocurrency to buy and sell in-game merchandise, cosmetics, and unlock characters, among other things. The fusion of the virtual and physical worlds — our metaverse – has never looked better.

best play-to-earn games have changed significantly over the last several decades. Indeed, the worldwide gaming industry, which was worth USD 173.70 billion in 2020, is expected to grow to USD 314.40 billion by 2026, growing at a 9.64 percent compound annual growth rate between 2021 and 2026. Sony, Tencent, Nintendo, and Microsoft are some of the largest video game firms, with each generating over ten billion dollars in gaming revenue. Sony is the market leader, with over $25 billion in sales. Electronic Arts (EA Games), Sega Games, Konami Holdings Corporations, and Gameloft are just a few of the world’s most well-known video game developers.

While numerous economies succumbed to the Covid-19 epidemic in 2020, the video gaming industry was one of the only industries to see an unexpected surge. With numerous countries implementing statewide curfews, citizens instinctively sought amusement inside their own homes throughout subsequent rounds of restrictions.

Several large game makers, like Activision Blizzard, Epic Games, and Electronic Arts, forecast an enormous increase in income from sales and active user base in 2020. Increased in-game purchases corresponded to the rise of inactive users.

The exponential expansion of cryptocurrency gaming

With developments in PC and mobile gaming, the gaming industry’s interest in cryptos has increased significantly. Crypto play-to-earn games, without a doubt, are upsetting the conventional gaming business by enabling players to earn money as they play, therefore compensating them for their time and effort.

According to research issued by the Worldwide Asset Exchange, over 75% of online gamers desired the ability to trade their virtual assets for money that could be utilized across different platforms. Crypto gaming has increased in popularity in part because it enables users to gather and trade virtual assets that can be swapped and sold globally. Additionally, it has proved to be a safe and straightforward method for the gaming business to generate money.

How does cryptocurrency gambling operate?

It is a well-known truth that cryptos may be purchased and sold simply using digital wallets and crypto exchanges. Therefore, how does cryptography operate in the area of online gaming? This is how.

In conventional online gaming, affiliate marketing, in-app purchases, and in-app advertising are all common monetization methods. Additionally, gamers are highly acquainted with in-game coins, such as those seen in Monopoly or mobile play to earn games such as CandyCrush. However, for so long, these coins had no worth outside of the framework of the game, which is horrifying.

This is where cryptocurrency gaming differentiates itself since it enables consumers to add value to their purchases. In crypto play to earn games, store tokens, such as in-game merchandise, are often held on a distributed ledger atop a crypto network. This distributed database, dubbed the blockchain, enables the exchange of gaming items for cryptocurrency, which may then be converted to real money. You can read about DeFi and Play to earn games by clicking here.

Through in-app purchases, players may purchase stuff like money, additional lives, custom characters, clothes, and accessories straight inside the game. When applied to crypto gaming, in-app transactions occur when users purchase products with cryptocurrency or acquire cryptocurrency itself. In contrast, in conventional play-to-earn games, assets are often purchased through a single developer-owned shop, benefiting the creators rather than the gamers.

Additionally, players cannot affect the game’s life cycle in conventional play to earn games. When the server is shut off, the operator will remove any unused virtual properties, and the player will lose access to them. The game operator retains ownership of all products included in the game, not the player.

While digital ownership is present in current play-to-earn games, it lacks the value and risks associated with crypto play-to-earn games. While you may hold in-game assets, you are not permitted to sell them to other players. In comparison, the whole notion of crypto play to earn games is fundamentally different, from the ownership of virtual assets to their decentralized functioning and the fact that players’ assets are worldwide dispersed and not restricted to gaming objectives.

Earn money with cryptocurrency gaming

In essence, crypto play-to-earn games are video games that operate on a cryptocurrency network and have a fully or partly distributed ledger architecture, granting players verifiable ownership of the game’s virtual goods. As a consequence, users may exchange virtual goods for bitcoin that can be converted into real money.

Throughout this time period, only the game’s producers or game studios profited from the virtual coins sold to players or users, since these assets had no intrinsic worth. This meant that practically everything you could purchase in a game (e.g., skins, armor, and upgrades) had a finite worth, despite the fact that customers paid real money for them.

However, with the advent of crypto play to earn games, the status quo is changing. While traditional play-to-earn games have always been primarily about amusement, crypto play-to-earn games combine enjoyment with the possibility of earning actual money while playing. Each time a player purchases an object, they indirectly contribute to the game’s economy’s worth. Axie Infinity, CropBytes, and Gods Unchained are just a handful of the most popular cryptocurrency play-to-earn games that enable players to earn money by completing in-game goals using virtual items.

CropBytes, a homemade crypto game, is a good example. Players may expand their portfolios of assets in this farm simulation game by using NFTs and cryptos on their own farms. This crypto game, which is a favorite of over 80,000 CropBytes members, enables players to use the power of cryptocurrency in order to make money while playing.

NFT Games

With the popularity of crypto play to earn games increasing, so has the NFT gaming industry. Crypto gaming received an update in the first quarter of 2021 with the introduction of NFT play to earn games, which evolved from Play to Earn games to collectible games based on the Pay to Earn premise. The gaming business has always been driven by trends, and the newest trend in NFTs is no exception. While it is no secret that the NFT sector has grown to be a billion-dollar industry, play-to-earn games are unquestionably one of the strongest applications for NFTs. Much of the NFT sector is now centered on gaming, which offers a great opportunity for players to accumulate unique in-game items.