ICYMI: here's why making AxieInfinity your full-time job is not a smart bet $AXS
According to Mr. Armentia, he injected $40,000 of liquidity since October 2021 into the in-game assets and items of the Axie Infinity world. At first, this strategy was profitable: the gamer scored 300-400% in weekly profits.
The game is designed to offer ways to both earn and spend SLP within the game. Any tokens spent within the game just disappear. But play-to-earners instead cash out all SLP by selling them on crypto markets, meaning the total number of tokens increases over time. The additional supply depresses prices, in a crypto version of hyperinflation.
By May 2022, the average Axie Infinity player earned about $0.6 per day. Mr. Armentia calculated that he only managed to earn $5,000 during his eight-month journey: