Scholarship/Scholar

Understanding the Concept of a 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.

The concept of scholarships was introduced by Axie Infinity (AXS), a leading blockchain game that has generated a total sales revenue of $2.5 billion to date within the world of NFTs.

Axie Infinity is a play-to-earn game that boasts over 1 million daily active players and is compatible with both smartphones and desktop computers. Its gameplay is reminiscent of the popular game, Pokemon Go, where players engage in battles using digital pets known as Axies to earn in-game rewards.

In Axie Infinity, scholars play the game using Axies provided by managers and earn Smooth Love Potions (SLP), the in-game currency. They can utilize SLP to breed new Axies, sell them to other players, or trade them for fiat currency. The in-game rewards earned by scholars are shared with the managers who supplied the Axies.

Scholarships in Axie Infinity are primarily utilized by two groups of people. The first group consists of new players who lack the funds to acquire their own Axies. The second group comprises veterans who own a substantial number of Axies but are unable to utilize all of them to earn SLP. These veterans lend their Axies to scholars and earn passive rewards in the form of SLP.

Earnings from scholarships are typically divided into different ratios, such as 60/40, 50/50, or 70/30. To obtain a scholarship in Axie Infinity, players must search for guild managers who hire Axie scholars. They can then reach out to these managers and express their interest in receiving a scholarship. Each guild has specific criteria that new players must meet in order to become scholars, receive free Axies, and actively participate in the game to earn rewards.