Crypto Academy Week 10 - Homework Post for Professor @levycore////An Introduction to Axie infinity- A Non-Fungible Tokens (NFTs) project
بِسْمِ ٱللَّٰهِ ٱلرَّحْمَٰنِ ٱلرَّحِيمِ
ٱلسَّلَامُ عَلَيْكُمْ
WHAT IS NFT AND HOW IT WORKS:
Firstly you all heard about fungible token which basically means in simple words that tokens that can be substitute just like in barter system that you can substitute your assets with each other regarding their prices but WHAT IS NFT- its deals with non fungible tokens that genuine and collectable things that are unique in market are deals in NFT and you can trade your tokens with the help digital platform blockchain and its connected with ETHEREUM network . In simple words you can relate NFT by that sort of token that rare in market and historically people are aware but the person thing or any sort of that token are no longer in market but if you have any thing relates to that so you can sell it market and it worths alot.
Howbeit if you are connecting this things with blockchain it will become NFT in digital language and the market is so eco up with this tokens. As this thing are just and corelating crypto that it eliminates financial intermediary and people are connected peer to peer with each other and can sold their tokens by their wills and there is no restrictions like financial institute.
In 2017 you hear about crypto kitties they are best explains NFT and are one of the most rare basis of this platform, where you can buy any kitty cryptokittes and groomed it up and then you can sell whatever amount you want from your digital asset and it seems that who gonna buy that kitty this is one of the most common questions pinned in mind but have your ever heard about ANTIQUES that are the work art old fashion passe and are designed by well known artist so the painters and who have the knowledge and means the worth they buy them and NFT's are relates with that but its a digital marketing and blockchain encourages it.
BUY SALE AND CREATES THE NFT:
I will share with you guys a link that hold NFT as qouted of NFT's where you can buy sale and creates your NFT easily there are many platforms from that you can earn good profits by advertise your NFT. rarible
EXPLAINING PROJECT OF NFT:
NFT are used to sale large number of collectible and rare assets on blockchain network, some of the applications are digital images and video clips, cryptokitties, digital identities and antiques are most usual applications of NFT.
There is large number of platforms that varies NFT and my project is about Axie Infinity we will conquer about this project whole and you will easily understand it.
AXIE INFINITY:
Preface
This game was launched by Trung Nguyen the Co-Founder and CEO, Axie Infinity. This project is basically developed by Trung for grooming people about the blockchain technology through engrossing games and approach. Its a digital pet game just like clash of clans that allows people to battle, raising and build a kingdom with their mates and can earn SLP's.
Aleksander Leonard Larsen - COO of AXIE
This game is based on thee concept of CryptoKitties on of the biggest NFT projects in 2-17 and their collectible token were sold in millions, Axie infinity is Ethereum based and collectible and rare game and Ethereum is one of the most popular projects in crypto world thats why this game also get popularity too, game Axie is Vietnam-based startup by sky mavis and reconciles with ethereum platform for more popularity. In this gaming you can battle with your friends and makes clans from which you can earn SLP (small love potion )an ERC-20 token.
EXAGERRATE MORE ABOUT AXIE:
In Axie infinity the consists of characters that Axie and you can buy sell this buy your wallet connected through Ethereum network and can easily trade with your friends and mates through digital market, it features virtual land and many much item that are same as ERC-721 tokens.
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This game can relates just like clash of clans but here you can make an arena and playerss and make formations with team partners and can do battle from which the winner get SLP token that are based ERC-21 that can be trade on binance easily.
AXS use cases:
Its is fully developed game and can encourage players to get in it and it bases on strong community many people who are engage in playing pokemon and clash of clans will surely gonna like it and this game are giving opportunities to teenagers to earn some money with this platform and you can earn enough to deal with basic routines.
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As 2021 feb there are almost 27k people taking advantage from this platform and earn almost enough SLP and converting huge amount of this money to cryptocurrencies so its a very good chance that individuals can earn good profit.
WHO CAN USE AXIE INFINITY AND HOW TO AQUIRE AXIE TOKEN:
Any one can acquire and buy the token of axie infinity now I will show how to make axie infinity account easily in just few steps, perhaps if you are using axie you can easily connect to it with your meta mask account.
here you can sale buy and transfer your axie tokens and one more thing please don't share your axie with others this is one of the private keys basically and you can download this on your desktop mob either.
you can also you axie zone for quoting your token!
MARKET OF AXIE INFINITY:
you can earn in many types in axie for suppose, you can play in PVE and earn SLP which is used to breed axies and generates more axies in your wallet and further you can sold it on decentralized exchanges like uniswap to earn ETH and from that you have more power full crypto assetss and its easy to earn SLP's
alhtough by market place of axxies shows that their is supply of 0.04 ETH/1000 slp's!
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FUTURE OF AXIE INFINITY :
AXIE now in the market with touch with binance and gonna be next binance launchpad, so it is one of the biggest opportunity for axie for coming session with binance. Axie can also gonna collapse with the market and revoke the work and play between player, their hierarchy that any players can switch their mediums with their effectiveness and efficiency. Axie custom-built the AXS token with in touch at Delphi Digital.
Now there will bemillions of player who can get engages in this platform and we basically enagage them and they get popularity lets look their speculations.
AXIE MISSION, VISION AND HOW EFFECTIVE THEY ARE?
AXIE was bascially developed to groomed the young generations and players further to introduce them blockchain technology, its was to create the encouragement in the heart of players, Axie uses first time development in blockchain technology.
As so far I have learned from their project basic means to power up the economic opportunities there dream is to change the perception of the world battle system, so it is good to see their perception of the world and its a good technology on blockchain
CONCLUSION:
The above history of this coins culminates me to that its good invest project for players that wasting time in unearned projects and here you can easily compiled working and playing hobby too, as they are also getting collaborates with Binance and their project seems that there is good earning opportunity, from collaborating with binance it will enhances many traders too and young players also get emerged because those projects are culminates with that sort of big exchange so it will change the length and medium of projects and where people get satisfied from security purpose even though.
Special Thanks To
@levycore
@steemcurator01
@steemcurator02
Hi @salemumar, thank for submitting your homework
Feedback
Well explained
Rating : 7
thanks sir for your apreciation
@steemcurator02
@steemcurator01
@steemcurator02
@steemcurator02