Is Axie Infinity profitable?

Even considering the volatile crypto market, it seems logical to conclude that AXS Coin could be a great investment for long term growth . This is because of its real-world utility, powering a game with a large number of growing users.

AXS is an Ethereum token that powers Axie Infinity, a blockchain-based game where players can battle, collect, and build a digital kingdom for their pets . AXS holders can claim rewards for staking their tokens, playing the game, and participating in key governance votes.

Just remember that the value of your Axie will greatly depend on its stats, ability, and even rarity. A number of the cheapest Axies in the market aren’t exactly cheap, with some fetching a price tag of around PHP 8,000+ . Breeding Axies requires SLPs, so you need to have enough resources to pursue such an endeavor.