Welcome back Side Hustlers
By now, you've probably heard all about the popular play-to-earn NFT game Axie Infinity.
You might have even caught wind of people that are earning a full-time income playing
the cutesy Pokemon-like title.
If you've looked into playing the game yourself, however, hoping to make a little cash on the
side, you just might feel a bit discouraged.
The current state of the game doesn't make it easy for people to immediately start playing
it.
For one thing, you need to own at least 3 Axies which as of right now can run you close
to a hundred bucks a pop just to get started.
Fortunately Axie Infinity's scholarship program, albeit unofficial, is a great way to start
playing the game without having to shell out all of that cash upfront.
And if you do happen to have the means to purchase a few Axie's, you can always create
your own scholarship program to start earning a passive source of income off of the in-game
tokens earned while your scholars play the game.
What Is An Axie Infinity Scholarship?
A scholarship basically is when a manager, AKA a player who owns more than enough Axies
to play the game, enlists a scholar, or a player who can't afford their
own team of Axies, to the play the game on their behalf.
Smooth Love Potion, the game's in-game token, earned by those scholars is then split between
the scholar and manager according to an agreed-upon ratio - usually 50/50 or 50/40.
Scholars aren't able to access the SLP that they earned playing the game on their own.
It's a manager's job to withdraw the token and disperse it to their scholars.
How To Get An Axie Scholarship
Due to all of the risks involved in a Scholarship, such as the potential for an account to get
banned, getting an Axie Scholarship involves establishing a great deal of trust with a
manager.
That brunt of the risk involved in scholarships ultimately falls upon managers.
There are several ways to get an Axie Scholarship, but one of the best ways to go about this
is by personally knowing an Axie manager.
There are a ton of people eager to be scholars.
As such, the competition can be steep.
If you're interested in becoming a scholar, we recommend first looking in Axie discord
groups or subreddits.
You might also find what you're looking for by going to Twitter and searching for posts
under #Axieinfinity.
How To Set Up An Axie Scholarship
If you can afford to buy a trio of Axies but don't have the time to play the game yourself
to earn SLP, creating a scholarship of your own can be an excellent source of passive
income
As MomentRanks has pointed out, play-to-earn games such as Axie Infinity have been growing
in popularity throughout the world, particularly in the Philippines, where Axie has made a
positive impact on the lives of many people by giving them a new way to earn a living.
The majority scholars quickly become pretty good at playing the game – especially if
you provide them with decent quality Axies to play with.
Scholars will typically start playing in Adventure mode before transitioning to PVP where they
can earn substantially more SLP.
Scholars are also able to complete daily side-quests to earn more tokens.
Picking a good team of Axies is extremely important for your scholars to be able to
make the highest possible SLP.
You're Axies should compliment each other well in battle.
You don't want to give your scholars inferior quality Axies, so make sure you don't skimp
when purchasing your first three.
It might seem like a pretty big investment, but it's best to go ahead and spend the extra
ETH and acquire a decent team.
Setting Up Axie Scholar Accounts
First, you'll need to set up Ronin accounts for each of your scholars.
You'll then send or gift the Axies to these accounts.
Scholars will log in with the email addresses and passwords you provide them which will
let them play with your Axies.
You may want to keep a Google doc with all of these emails and passwords to stay on top
of things.
Vetting Your Scholars
Since most of the risk will be on you as a manager, you'd be wise to make sure that you're
potential scholars are qualified for the task.
There are several questions you can ask a prospective scholar before signing them on.
Are they experienced playing video games?
What device are they planning on playing on?
Do they have a reliable internet connection?
Do they already know how to play the game?
You can find your scholars on Discord or Twitter, but like we already touched on earlier, it's
always superior to know your scholars personally if possible.
After onboarding a team scholars, you can use a tool like axie.beer to keep track of
your team's SLP earnings.
It's also a good idea to create a Discord group to check in with your team to see how
they are doing and provide them with encouragement and support.
Don't forget to help your scholars when they need it.
Staying engaged is one of the most important things you can do as a manager.
That about covers the basics of both becoming an Axie Infinity scholar as well as a manager.
For another video covering a potentially lucrative side hustle that you might be interested in,
check out (insert video name).
And as always, thanks for watching!