Axie Infinity, a monster fighting NFT game, has won huge acclaim with over $ 600 million in Axies bought and sold last month. Each Axie is a non-fungible token or NFT that is minted on the Ethereum (ETH) blockchain. Similar to the theme in Nintendo’s Pokemon series, Axies come in a variety of rarities with different powers and attributes for the game’s highest marketable price. Players earn Smooth Love Potions (SLP) by completing daily quests, defeating monsters, and fighting other players in the arena with their ax. The SLP can then be sold in exchange for various cryptocurrencies.
Due to the high cost of buying / lending / breeding Axies, in-game guilds formed towards the end of the year to fund players’ upfront costs or to provide scholarships in return for their SLP earnings while playing. One such in-game guild is Crypto Gaming United, or the Singapore-based CGU, which has nearly 100,000 Discord users and is regularly looking for new scientists on the official Axie Infinity Discord.
In a statement sent to Cointelegraph, CGU co-founder Sergei Sergienko stated that players don’t have to pay anything to start playing. Instead, the CGU funds all NFT characters / expenses through grants, which can range up to $ 4,000 per player. In addition, the CGU offers its co-op players training and mentoring to improve their crypto knowledge and gaming skills. In return, the CGU takes 50% commission on the players’ earnings, some of which are given out to CGU token investors; 5% of the income then goes to the local management in the countries where CGU operates, while the players keep the remaining 45%. In addition, the company is currently testing a 3 to 5 percent “retirement plan” for its players as a social security initiative.
According to Sergienko, the top players earn up to 680 SLP per day in real terms (after CGU reduction). The playing time for the top players is around six hours a day. Meanwhile, lower-income players can earn around $ 120 for 60 hours of play per month. In countries like the Philippines and Russia, where Axie Infinity is very popular, it even exceeds the minimum wage for full-time employment. CGU claims to also attract many Axie players from Cuba, Venezuela, Turkmenistan, Myanmar and African countries.
I have been tracking my Ghanaian players’ earnings over the past 4 months and this is their average monthly gaming earnings #AxieInfinity.
I don’t know how to end world hunger, but playing 2-earn-income has proven to be an additional source of income.
_#AxieAfrica $ MC #Crypto $ Axes https://t.co/6mjniAUrdA pic.twitter.com/V3wkJRIdt0
– Sahara Sub (@godwin_france) November 3, 2021
In addition to the focus on gambling for money, the CGU also operates the freelance cryptocurrency working platform Labor. Their website has a collection of stories and testimonials from players who work with CGU. Sergei has the following to say about the long-term development of the CGU-Guild and its players:
We also know that gambling for money can be a temporary phase too, so we are looking for bigger opportunities for everyone. We’re hiring academics with an eye to what can happen after the hype. A freelance background and great educational experience help us do just that.