Axie Infinity's economics make little sense and are reminiscent of a Ponzi scheme, but its community's strength and engagement could sustain the game long term
Last year, Axie Infinity was touted as one of the best candidates for a mainstream blockchain app.
The Verge Adi Robertson
Related Coverage
- Crypto and gaming collide in high-risk ‘play-to-earn’ economies Reuters · Elizabeth Howcroft
- View article Forbes
- How hackers target bridges between blockchains for crypto heists Livemint · David Uberti
- Blockchain-Based Online Games Like Axie Infinity Continue To Hook Users Despite Risks Benzinga · Anusuya Lahiri
Discussion
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@aaschapiro
Avi Asher-Schapiro
on x
A nice piece by @e_howcroft about Axie Infinity, the video game economy that is often held up as the most developed “Web3” experience. It was recently hacked for $615 million—& it's economy is built on share-cropping style relationships. https://www.reuters.com/...
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@marcelweiss
Marcel Wei
on x
It's either a Ponzi scheme OR it can sustain itself long term. It can't be both, you gotta choose. https://twitter.com/...
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@carnage4life
@carnage4life
on x
What if you could earn money by grinding in a game and the ability to continue earning money was dependent on the game always attracting new users willing to spend $100+ for the pleasure of grinding for dollars? Welcome to play-to-earn (aka Ponzi) gaming. https://www.theverge.com…
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@wongsworth
@wongsworth
on x
Interesting read and decent overview of the p2e space. Would love to know what my fellow @wolfdotgame players' thoughts are https://twitter.com/...
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@literallyaking
Alexander King
on x
Definitely check this out, really excellently researched piece👇 Even being familiar with ideology underpinning the crypto space, I'm just blown away by the arrant nihilism in quotes like this- https://twitter.com/... https://twitter.com/...
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@caseynewton
Casey Newton
on x
Also love that The Verge actually played the game — I think crypto reporting is meaningfully enhanced when the reporter is personally confronted by just how difficult and unsafe it usually feels https://www.theverge.com/... https://twitter.com/...
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@caseynewton
Casey Newton
on x
Fascinating deep dive on Axie Infinity and where ‘play-to-earn’ games are likely heading by the great @thedextriarchy. https://www.theverge.com/... https://twitter.com/...
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@thedextriarchy
Adi Robertson
on x
I descended into the Axie Infinity heart of darkness and what it means for the future of crypto games, and long story short the pitch of “Pokémon, but you get paid” seems exactly as complicated and problematic as it sounds https://www.theverge.com/...
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@russellbrandom
Russell Brandom
on x
One of the most ambitious NFT projects accidentally engineered itself into an inflationary spiral https://www.theverge.com/...
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@a_webster
Andrew Webster
on x
im quoted as a pokemon expert in this story about a terrible nft game https://www.theverge.com/...