![]() At its peak it had nearly 3 million daily active users, the majority of them in the Philippines and a handful of other developing countries where winnings could compete with local wages.īut Axie Infinity’s NFT characters, called Axies, became prohibitively expensive for many users when the game boomed in popularity. Launched by Vietnamese startup Sky Mavis in 2018, Axie Infinity is a Pokemon-like game in which users battle their NFT Axies against one another to win Smooth Love Potion (SLP), an in-game currency. Even as Axie Infinity is scaling back its ambitions, the upstart Pegaxy is going all in on Axie Infinity’s original vision, believing that it can-against all odds-create a blockchain game that can become a viable career path for potentially hundreds of thousands of more players in developing countries. The fallout of the debate will be particularly important in new Web3 hotspots like the Philippines and Indonesia, where crypto game earnings can substitute for real wages. The two games’ conflicting outlooks reflect the larger debate over how companies will harness the blockchain-the technology currently used to race digital ponies and battle digital monsters-to shape the future of how the world plays, works, and conducts commerce. Instead, the horse racing game is charting its own course, effectively doubling down on the play-to-earn model that Axie Infinity pioneered, then spurned. ![]() The company now seeks to lure gamers who want to play purely for fun rather than to earn money. But Axie’s founders recently determined the play-to-earn model that propelled the platform’s rise to be unsustainable and launched an update aimed at radically overhauling the game’s economy. Sky Mavis’s game, called Axie Infinity, has drawn marquee investors to the space like Mark Cuban and Andreessen Horowitz. Pegaxy has emulated Axie’s play-to-earn model, which allows users to trade in-game winnings for real money, a feature that helped transform Axie Infinity into a full-time job for hundreds of thousands of people in the Philippines and elsewhere over the past year.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |