Axie Infinity participant buys two homes within the Philippines from in-game earnings

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An Axie Infinity participant from the Philippines purchased two homes along with his earnings from the favored crypto-powered play-to-earn sport.

Earlier this month, 22-year-old John Aaron Ramos, who performs below the pseudonym “Magnus TV,” took to social media to announce that he had bought two homes within the Philippines from earnings earned enjoying Axie Infinity.

Within the put up, Ramos attributes the purchases to the surging value of Axie’s in-game token Easy Love Potion (SLP), which rallied 940% from $0.035 on April 24 to greater than $0.364 on Might 2. SLP has since retraced 45% and final modified fingers for roughly $0.20.

“I believed in AXIE’s means to carry us up, I held an SLP, paid consideration to the pattern of AXIE Neighborhood and did some analysis […] then I performed with the value of SLP to have sufficient funds to purchase two homes and one staff.”

Gamers of Axie Infinity can earn SLP by the video games’ PVP battle space, the place gamers battle their Axies — Pokemon-inspired creatures which can be bred within the sport and represented as nonfungible tokens.

SLP presently ranks because the 428th-largest crypto asset by capitalization with $81 million, driving greater than $45 million price of commerce up to now 24 hours.

Along with SLP, Axie gamers even have alternatives to earn the sport’s governance token, AXS. The AXS token has also seen meteoric gains recently, gaining 5,114% from $0.14 to $7.30 within the six months because the token started buying and selling.

Ramos participated in Yield Guild Games’ “Sponsor-A-Scholar” program, which inspires sponsors to donate SLP to Axie gamers based mostly in nations the place the set up-costs related to enjoying Axie infinity might show too prohibitive to many potential customers.

Axie Infinity reportedly turned well-liked within the Philippines in the direction of the top of 2020, as individuals sought other ways to earn cash after dropping their jobs as a result of pandemic.