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Glossary

Scholarship/Scholar

November 21, 2023 - Around 4 mins mins to read

A scholarship or scholar within the context of Axie Infinity refers to a unique process where individuals who are new to the game and lack the necessary funds to create a team of three NFT monsters are lent free Axies (digital pets) by managers. This allows them to actively participate in the game and take advantage of the play-to-earn model.

Axie Infinity is a popular blockchain game that has gained significant attention in the world of NFTs. It offers a play-to-earn mechanism, where players can earn in-game rewards and even real-world income by participating in battles using digital pets known as Axies. However, the barrier to entry for some players is the cost of acquiring Axies, as they can be quite expensive due to their scarcity and demand in the marketplace.

To bridge this gap and create a more inclusive environment, Axie Infinity introduced the concept of scholarships. Managers, who are often experienced players or investors, lend their Axies to individuals who cannot afford to purchase their own. These individuals, known as scholars, can then use these borrowed Axies to participate in the game and earn rewards.

One of the primary motivations for managers to offer scholarships is the ability to earn passive rewards. As scholars earn in-game currency called Smooth Love Potions (SLP), a portion of these earnings is shared with the managers. The exact ratio of the earnings split can vary, but it is typically divided into ratios like 60/40, 50/50, or 70/30.

For new players, scholarships provide a low-risk opportunity to explore the game and potentially earn income without the initial investment of buying Axies. It allows them to learn the mechanics of the game, understand the strategies, and get a feel for the Axie ecosystem. This learning period also gives them a chance to save up SLP to eventually acquire their own Axies and become independent players.

Veteran players who already own a significant number of Axies also benefit from scholarships. They might have more Axies than they can actively use to earn rewards. By lending out their surplus Axies to scholars, they can generate additional passive income through the scholars’ gameplay. This allows veterans to maximize the potential of their Axie collections and diversify their income streams.

As a scholar, the process of obtaining a scholarship usually involves finding a guild manager who hires Axie scholars. These guild managers have specific criteria that new players must meet in order to become scholars and receive free Axies. The criteria can include factors like commitment to daily gameplay, participation in guild activities, and a willingness to share a portion of the earnings with the managers.

Once a player has found a guild manager they are interested in working with, they can reach out and express their interest in receiving a scholarship. The manager will then evaluate the player based on their criteria and if approved, provide them with the necessary Axies to start playing the game.

It’s important to note that scholarships are not limited to one-time arrangements. Scholars can continue working with their managers for an extended period of time, as long as they meet the criteria and both parties are satisfied with the arrangement. This allows players to build ongoing relationships with their managers and further develop their skills and earnings in the game.

In conclusion, the concept of scholarships in Axie Infinity has opened up opportunities for individuals who may not have the financial means to participate in the game. By providing free Axies to scholars, managers can earn passive rewards while helping new players enter the world of play-to-earn blockchain gaming. Scholarships are an example of how blockchain technology and NFTs can create a more inclusive gaming environment and enable individuals to earn income in new and innovative ways.

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Coincu

Glossary

Scholarship/Scholar

A scholarship or scholar within the context of Axie Infinity refers to a unique process where individuals who are new to the game and lack the necessary funds to create a team of three NFT monsters are lent free Axies (digital pets) by managers. This allows them to actively participate in the game and take advantage of the play-to-earn model.

Axie Infinity is a popular blockchain game that has gained significant attention in the world of NFTs. It offers a play-to-earn mechanism, where players can earn in-game rewards and even real-world income by participating in battles using digital pets known as Axies. However, the barrier to entry for some players is the cost of acquiring Axies, as they can be quite expensive due to their scarcity and demand in the marketplace.

To bridge this gap and create a more inclusive environment, Axie Infinity introduced the concept of scholarships. Managers, who are often experienced players or investors, lend their Axies to individuals who cannot afford to purchase their own. These individuals, known as scholars, can then use these borrowed Axies to participate in the game and earn rewards.

One of the primary motivations for managers to offer scholarships is the ability to earn passive rewards. As scholars earn in-game currency called Smooth Love Potions (SLP), a portion of these earnings is shared with the managers. The exact ratio of the earnings split can vary, but it is typically divided into ratios like 60/40, 50/50, or 70/30.

For new players, scholarships provide a low-risk opportunity to explore the game and potentially earn income without the initial investment of buying Axies. It allows them to learn the mechanics of the game, understand the strategies, and get a feel for the Axie ecosystem. This learning period also gives them a chance to save up SLP to eventually acquire their own Axies and become independent players.

Veteran players who already own a significant number of Axies also benefit from scholarships. They might have more Axies than they can actively use to earn rewards. By lending out their surplus Axies to scholars, they can generate additional passive income through the scholars’ gameplay. This allows veterans to maximize the potential of their Axie collections and diversify their income streams.

As a scholar, the process of obtaining a scholarship usually involves finding a guild manager who hires Axie scholars. These guild managers have specific criteria that new players must meet in order to become scholars and receive free Axies. The criteria can include factors like commitment to daily gameplay, participation in guild activities, and a willingness to share a portion of the earnings with the managers.

Once a player has found a guild manager they are interested in working with, they can reach out and express their interest in receiving a scholarship. The manager will then evaluate the player based on their criteria and if approved, provide them with the necessary Axies to start playing the game.

It’s important to note that scholarships are not limited to one-time arrangements. Scholars can continue working with their managers for an extended period of time, as long as they meet the criteria and both parties are satisfied with the arrangement. This allows players to build ongoing relationships with their managers and further develop their skills and earnings in the game.

In conclusion, the concept of scholarships in Axie Infinity has opened up opportunities for individuals who may not have the financial means to participate in the game. By providing free Axies to scholars, managers can earn passive rewards while helping new players enter the world of play-to-earn blockchain gaming. Scholarships are an example of how blockchain technology and NFTs can create a more inclusive gaming environment and enable individuals to earn income in new and innovative ways.

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