The gaming industry is a huge multi-billion industry. Nonfungible tokens, or NFTs have enabled players to earn income through a better infrastructure for game assets (such as items, currencies and pets). These game assets are now stored on blockchain as NFTs which allow trustless and transparent transfers.
The most popular NFT powered play to earn game has to be Axie Infinity, created by SkyMavis. The game allows players to earn income through breeding, battling and trading digital pets known as Axies.
To strengthen these pets, you can purchase or farm SLPs (small-love potions). You can sell these pets or SLPs for cryptocurrency, then swap into your respective currency. Rare Axies has been known to trade up to US$100,000 and real estate (Land) in Axie Infinity are very valuable NFTs asset.
In fact, we have seen strong demand for our crypto hardware wallets from players in the Axie Infinity community. NFTs need to be stored securely especially if they are a healthy source of income with long term capital appreciation potential.
If you are wondering what the hype is about on Axie Infinity, we have a quick explainer video for you below.