Is Axie Infinity a Ponzi Scheme?

The turbocharged incentive structure that makes crypto so potent in the long-run is exactly what makes it so problematic in the short-run. If all you've built is a money game, then all you're going to attract are infinitely elastic yield farmers.

Of course, not everyone has the financial foundation to become a “time millionaire” or to start earning their living in the metaverse. Digital economies are nascent and not yet robust enough to support billions of digital workers. These same trends are powering the creator economy, remote work, freelancing; they are broader than Axie and its counte... See more