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Play2Earn - My own Axie Portfoilo Update

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Namelessname
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Background

My 1st Play2Earn crypto game is actually Axie. However, I soon switch heavily into Splinterlands after having a deeper understanding of the ecosystem and gameplay. I had quit playing Axie a long time ago. 2 key factors that stopped me is

  1. Play time is too long for each matches. And it is a game i need to be fully focus to count how many energy the opponent are left with etc. 5min a match with 40 daily matches to spend, that is like a committment of 3.5hr per day uninterrupted.
  2. The earning dropped ridiculously. Beside having to spend 3.5hr of full concentration daily, the earning for a month dropped from $1100 to hardly $10. It just makes no sense for me to put in so much effort for so little return.

Axie Passive income

Nevertheless, I still holding on to some Axie assets and some of them are actually generating passive income for me. So at times, i will always revisit my Axie to collect some income. Axie provided me with 2 sources of passive incomes. They are

  1. AXS staking
  2. Land staking

Let's take a look at the returns.

AXS Staking

AXS staking is just like the SPS staking in Splinterlands. Unlike Splinterlands, you only gain additional AXS from staking. As you can see from the picture above, staking AXS can generate about 43% ROI. 43% ROI is actually quite decent. But at the end of the day, the most important is whether you still believe in the project and its respective governance token. No point having 100%+ or even 10x-100x ROI if the tokens end up going to $0 value.

Land Staking

I actually own 2 Arctic Plots. As you can see from the right side of the picture directly below, each arctic plot can generate a daily income of 0.74AXS. Since I own 2, that means I can collect a daily passive income of 1.48AXS which is worth around $16.25.

If you go to Axie Marketplace and search for arctic plot, the cheapest you can find now is 3.65eth which is about $6216. Calculation: $16.25 x 365 = $5931 $5931 / ($6216 x 2 ) x 100% = 47.7% Arctic Plot staking ROI is quite similar to AXS staking. However, do note that nobody can promise further price of AXS which can impact heavily on the ROI of land staking.

Overall

I am still occasionally monitoring Axie development. It has been evolving from a crypto game into a platform for developing crypto game using its IP. If you are familiar with Warcraft 3 where people can design custom games and that is how dota and mobile legend is inspired from it, Axie could become the gate for onboarding non-crypto people into crypto gaming. I know this is a big wish but if really a day that Axie can do that, i hope i still have a little foot in the ecosystem.

Do note that this blog is not financial advice and please do your own research.