Sky Mavis: Axie Infinity DAUs had fallen 45% from a November peak to 1.48M for the week ending March 28, a day before Ronin's ~$600M crypto hack was announced
The use of ‘sharecropping’ to describe Axie Infinity is a touch hyperbolic. If the paid player is not making money, they can close the screen and walk away. https://twitter.com/...
So @bigblackjacobin has written what I'd call the ultimate explainer on Axie Infinity here, along with a vast investigation into the horrible “scholars” that front the money for people to join Axie's vast ponzi scheme. Pure evil, well reported https://twitter.com/...
The cottage industry of becoming a boss in the metaverse is turning into big business. But every business has its ups and downs, and Axie is in a downswing. https://www.vice.com/...
A crypto game that enlisted people from poor countries to play an online game for rentiers in rich countries who take half of their earnings was sold by Silicon Valley as the future of the internet. Turns out it's just another way for rich tech folks to exploit the poor https://t…
Cool arc: Much-hyped crypto game Axie Infinity creates a bunch of wealth from thin air for early adopters Early adopters “loan” their Axies to people in the Global South, paying them a tiny pittance to grind for them and funnel the money up https://www.vice.com/...
Behold, the future of gaming: coming home from a real job to game, and having a boss yell at you for not grinding enough foozles. https://www.vice.com/...
To play Axie Infinity, you must buy NFTs & use them to generate tokens. Players too poor to afford NFTs borrow them from “managers” in exchange for as much as 75% of tokens. As the game's NFT trading & token prices have crashed, everyone's been screwed. https://www.vice.com/...