added by sari · updated 2y ago
Is Axie Infinity a Ponzi Scheme?
- Immediately upon entering the Web3 rabbit hole, one realizes that it’s hard to talk about crypto without also talking about gaming — specifically a highly financialized form of “gamification” revolving around microtransactions and “play-to-earn” (P2E) incentive design, whereby players win real tokens with real financial value for specific behaviors... See more
from Rethinking “gamification” for DAOs by Water & Music
sari added
- Axie isn’t just building a game; it’s building the web3 aggregator, and backwards integrating to own as much of the value chain as possible.
from What's on Deck for on Deck? by Packy McCormick
sari added
- The most famous example is Axie Infinity. In order to play, prospective gamers have to buy or rent an Axie from an existing player. The game economy works because new players buy Axies from old players in hopes of reselling those Axies to newer players who join after them.
from Building Sustainable Web3 Games with Owned Liquidity & Tokenized Assets by Nat Eliason
sari added