If you’ve heard of Axie Infinity, we are playing this for two things: one is because it’s a fun game and two, to check out the earnings potential of this game. As you know, this blog is about Mommyhood, Business and Finance (basically everything that I care about), and this is one of the things that we’ve been studying as a family for exactly 15 days now. We started our Axie Infinity journey last June 20, 2021 and in a span of 15 days, a lot has happened, including this launch of the Team Arbo Axie Infinity Incubation Program.
So I started my Crypto Journey just this year. I don’t think I’m late in the game, because just these past few months, the Crypt Market dropped to figures that they had a few years back. I saw this opportunity to enter into the market. At first, I would check the markets everyday (I still do but not as frequent anymore as I did before). I would check charts every single hour. But after a while, I realized that I should do what I do with my other investments, which was cost averaging. So with this, I started just cost averaging and sticking to the top currencies (Bitcoin, ETH, ADA and around 7 more coins). BTW, for those who want to start buying crypto, it’s never too late to start. You can use Binance and please use my referral link. For full disclosure, I get a little bit of credit when you SPOT Trade or buy currencies in the market.
To understand what SPOT trading is, this is the article that I wrote: https://mommyginger.com/how-to-buy-crypto-currencies-101-on-binance.html You’ll be needing this for Axie Infinity, btw.
Okay, back to my story. So I then got interested with online games where you earn Crypto Currencies. Saw Earth 2, and I think it works on the blockchain, but I’m not really sure. I bought some piece of land, and I also wrote about it in this blog. I also made an account on Cryptokitties, but didn’t really do anything there. Then I heard about Axie Infinity from the group of Ken-Ken Somera called Cryptamad. I checked it out and I was surprised that the initial investment was at Php 35-40 Thousand Pesos. I wasn’t ready to invest at that time, so I wanted to be a scholar instead (more on Axie Infinity Scholarships later). Just a few days after, we decided to invest just to try it out.
We started with a budget of Php 20 Thousand to buy 3 cute Axies. You need three to start playing. Being gamers, we looked at the cards and decided to buy a good enough team, and started playing.
How to Get Started
I won’t go through the step by step journey, BUT you can just watch this. EJ did a great job of explaining.
EJ and I also were interviewed by our friend, Fitz Villafuerte in this podcast:
So the investment that you need for Axie Infinity is around $1000 or Php 50,000 to start. This will allow you to buy 3 Axies (those cute little characters). It’s a bit steep, especially when you just want to play, and because of this, there are what are not called scholarships. Scholarships are basically investors/managers who buy teams and let other people play it.
To know what scholarships are, here is another video that I did with my friends Ken-Ken Somera and Louel Guiting.
Hope all of these Axie Infinity Resources help.
Our Current Funds
So as promised, I’m going to share with you what we have earned in 15 days. So our initial investment was at Php 20,000. You can’t a good team anymore with this price so the average now for an okay team will be around Php 45,000 to Php 55,000.
The good news though is that the price of SLP (coins that your earn from this game) is increasing. It was at Php 6 when we bought in. Now, it’s at Php 8.00 (I just placed Php 7.50 on my sheet since I want to be more conservative).
So as you can see, in 15 days, we almost recuperated back our investments.
What will we do with the money after?
We plan to earn enough to buy a new team and cascade it through the Team Arbo Axie Infinity Incubation Program.
What is the Team Arbo Axie Infinity Incubation Program?
Yesterday, we announced our own version of the Axie Infinity Scholarship program called the Team Arbo Axie Infinity Incubation Program. It’s quite different from other programs since we are looking for future potential managers.
Full details on this video of EJ.
We also have this deck for you to go through and see if the Team Arbo Axie Infinity Incubation Program is for you.
We will be deliberating on who to choose for this batch and for the succeeding batches. For full disclosure, this Incubation Program is in collaboration with our friend Fitz Villafuerte and another friend, Bored Ape (not his real name since we can’t disclose).
We really hope to bring more jobs to people so stay tuned for more announcements. We usually stream on https://facebook.gg/TeamArbo so please follow EJ and I there.
For those who want to invest and generate jobs for others, and not really play the game, feel free to contact us. You can just PM us through the Team Arbo Page or the Mommy Ginger Page on Facebook.
Enjoy Axie Infinity!