If you have been following the local play-to-earn scene, I bet you had heard the likes of Axie Infinity, Cryptoblades, Plants-vs-Undead, and Bomb Crypto — all gained a lot of traction since half of 2021 as each of them uses tokens as rewards.
They all have stories to tell, with some peaks and some lows. Some of the reward coins used by these games are even at their recent lowest values, so a lot of investors either have a longer time to have a return of investment (ROI), some cut their losses, or they don’t bother playing at all!
As some of these play-to-earn games gained a loyal following, more of their rewards are churned out, more people cashing out, flooding the market with their tokens, and pushing prices down. Axie Infinity’s Smooth Love Potion ($SLP) slumped as their daily players approached 3 million last December 2021. Bomb Crypto’s BCoin ($BCOIN) has also slumped as their updates made investors want to cash out by selling their rare heroes. One can’t really tell which one will be the most valuable, perhaps it’s all about chasing the trend.
The Rise of Pegaxy
Another Play-to-Earn game is on the rise with a lot of players jumping in a game called Pegasus Galaxy (Pegaxy) — a racing game with battling Pega (which are the horses) that rewards the top winners with Vigorous ($VIS) tokens.
Much like in Axie Infinity, one can breed Pegas and can sell these in the open market. As of this writing, one (01) Pega costs around US$1,500, which I should say is really serious money. Players can then use these Pegas for races to win more $VIS. At present, the winning rate is pretty much at the average for everyone, as the Pegaxy team aims to push for a more skill-based experience as the game matures.
What makes Pegaxy more interesting is that there are options to play the game without buying a single Pega — you can actually rent a Pega on the open market and get around a 10% share of the winnings to the tune of around US$40 per day as of now. It is also possible to lend these Pegas out to the ones you know and have a profit-sharing scheme in place. This is where guilds can come in and really add a volume of players into the game.
New Opportunities for Astra Guild Ventures
Astra Guild Ventures (AGV) is getting its toes into Pegaxy. With more than 2,000 Axie Scholars, AGV is currently trying out Pegaxy and has posed a challenge to their players: the top five (05) players who will gain the most $SLP from Axie Infinity will be given Pegaxy scholarships. This is how AGV takes care of their scholars while providing more earning opportunities to those who exert more effort to the guild.
Join AGV’s Discord server to know more about how you may qualify for these scholarship opportunities.