When it comes to playing games in Axie Infinity, you will need three Anxie. And then you’ll need the marketplace to start. So, you want to explore the marketplace? Follow this article!
Axie Marketplace At a Glance
| NFT Type | Gaming |
| Blockchain | Ronin SideChain (Ethereum Blockchain) |
| Fees | 5.25% (for seller) |
| Services | Buying and Selling NFTs |
| Wallet | Ronin Wallet |
| Payment Method | ETH (Ethereum) |
| Platform | iOS, Android, macOS, PC |
Axie Marketplace in an Non-Fungible marketplace that allows you to play crypto video games, you can also buy and sell NFTs like land, items, creatures and other that you can use in the Axie Marketplace.
Pros and Cons
| Pros | Cons |
| Large number of NFTs. | Customer service is slow. |
| There is no buyer’s fee. | Doesn’t accept fiat currency. |
| Amazing community. | Newcomers find it extremely expensive. |
| Play to earn. | Economic Uncertainty |
| Buy and Sell gaming NFTs | Only offers one type of NFT |
| Earn cryptocurrency Reward |
Top Perks of Axie Infinity
Axie Infinity has several unique features. Here they are:
Earning Cryptocurrencies
Axie Infinity is a crypto game that attracts people because you can earn cryptocurrency while playing. By owing special characters called Axie, you can earn crypto by playing the game or allow other players use you Axies and sharing in their earning, which is known as a scholarship. It provides and extra way to make money apart from selling things in the game.
Multiple Wallets
The Axie Infinity Marketplace is easy to use, but you need two wallets: Ronin Wallet and MetaMask. The marketplace uses the Ronin sidechain, so you must have Ethereum in your Ronin wallet form MetaMask. MetaMask is one of the best wallets for Non-Fungible Tokens.
No buyers fee
When you buy Non-Fungible Tokens on the Axie Infinity Marketplace, you won’t be charged any fees as a buyer, which is uncommon in other places. But remember, when you deposit Ethereum in to you Ronin Wallet for using the platform, there will be small fees called gas fees.
P2E Model
P2E games offer a passive source of income to their players. Most players have a chance to earn a substantial amount of money when they play right game. The SLP (Small Love Portions) and the AXS (Axie Infinity Shard) can be traded for Ether.
Fees
There are no fees for buyers, but when it comes to seller’s fee, that is really expensive. Sellers need to pay a total of 5.25% to the Axie Infinity Marketplace. So, for example, suppose you are selling an Axie, and you set a price of $1000. When someone buys your Axie, then you need to pay a total of $52.50 to the platform. If we compare the fees with other platforms, then other marketplaces take an average of 2.5%.
Axie Infinity Marketplace Payment Methods
Several Non-Fungible Tokens Marketplaces accept credit or debit card deposits, and few even accommodate PayPal deposits. However, the Axie Infinity Marketplace is distinctive in that it does not support PayPal or Credit Card purchases. Instead, it exclusively utilizes the Ethereum network for transactions, primarily involving Ethereum (ETH). For smaller transactions, users are recommended to employ the MetaMask wallet, while Coinbase or Binance are suggested options for larger exchanges.