Growth in sales of NFT games
Axie Infinity, an NFT game with a storyline of battles against monsters, is gaining momentum: over the past month, Axies have been bought and sold for over $ 600 million. Each Axie is a non-fungible token or NFT minted on the Ethereum (ETH) blockchain. Like Nintendo’s Pokemon series, Axies come in a variety of rarities, strengths and stats, with the strongest selling at very high prices in the gaming market. Players earn Smooth Love Potions (SLP) by completing daily quests, defeating monsters, and fighting other players in arenas with their Axies. The SLP can then be traded in exchange for various cryptocurrencies.
Benefits of NFT CGU Games
Sergey Sergienko, co-founder of CGU, explained that players don’t need to pay anything to start playing. Instead, the CGU funds the costs of all characters / NFTs through a scholarship that can be up to $ 4,000 per player. Moreover, CGU provides training and mentoring for its player partners to improve their cryptocurrency knowledge and gaming skills. In return, CGU takes 50% of the commissions from the players’ income, part of which is given to the investors of the CGU token; after that, 5% of the profit goes to the local government in the countries in which the CGU operates, and the remaining 45% remains with the players. In addition, the company is currently testing a 3% to 5% “retirement plan” for its players as a social security initiative.
According to Sergienko, top players are earning up to 680 SLP per day on a net basis (after the CGU cut). The playing time for the best players is about six hours a day. Meanwhile, lower income players can earn roughly $ 120 per 60 hours of play each month. Even this amount exceeds the minimum full-time wage in countries like the Philippines and Russia, on a pro rata basis, where Axie Infinity is very popular. CGU claims to also attract many Axie players from Cuba, Venezuela, Turkmenistan, Myanmar and African countries.
In addition to focusing on making money games, CGU also operates the LaborX cryptocurrency platform. A selection of stories and testimonies of players who have partnered with the CGU can be found on its website. Regarding the long-term development of the CGU and its players, Sergey said the following:
“We also understand that play-to-earn can very well be a transitional phase, and therefore we are looking for greater opportunities for all of our employees. We hire specialists to fully understand all processes. Our freelance platform and extensive educational experience help us do just that. “