Axie Infinity, one of the largest blockchain games on the market, offers users who have remained unemployed as a result of the pandemic a way to income.
Axie Infinity as an ancillary income
“Axie Infinity is a world inspired by Pokémon, where anyone can earn tokens through games and contributions to the ecosystem. Players can fight, collect, raise and build earthly kingdoms for their pets.
The key difference between Axie and traditional play is that Blockchain’s economic design is used to reward our players for their contribution to the ecosystem. This new model of games was called “play-to-earn”. Axie attracted thousands of players from developing countries in search of a new source of income during the Covid pandemic. “
According to a Bloomberg report, unemployed workers around the world are turning to playing blockchain games as a potential side income.
Axie, created by Vietnamese game creator Sky Mavis, offers a gateway to the world of cryptocurrencies. The project was able to raise $ 7.5 million in a round of funding in May, thanks to investments by billionaire Mark Cuban and Reddit co-founder Alexis Ohanian.
The Axie Infinity user base exploded in the summer, from 30,000 daily users in April to 1 million in August. Over the past month, Axie has generated ETH transactions worth about $ 30 million a day, with most users concentrated in developing countries such as Brazil, Venezuela and the Philippines.
Despite the possibility of secondary income, some fear that the platform will lead to the exploitation and abuse of players. New users must initially purchase three “Axes” for around $ 200 apiece.
Vanessa Cao, founder of venture capital firm BTX Capital, said the Axia model was “unhealthy and unsustainable.”
“Players have to spend hundreds of dollars in advance to play. It’s a bad concept. You can’t ask people to pay until they even know what the game is about. “
In late July, popular cryptoanalyst and influencer Elliot Wainman said game-based blockchain projects would be another major driver of cryptocurrency adoption.
“Games are the only thing I see as truly separate from the cryptoecosystem. Because when you play a game and enjoy it, it has its intrinsic value. “
Wainman cited the “stunning growth” of Axie Infinity’s blockchain game as an example of the industry’s potential:
“I’ve been saying this for a long time that users are the key, because if you have users, then you have network growth, and if you have network growth with a fixed supply of assets, then you will most likely have an asset appreciation. It’s a very clear way to transfer value to crypto ecosystems. “