Digital Native | Rex Woodbury | Substack

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

Being an investor is bleeding into new forms of work. Online, capital and labor are both borderless. You can earn income on Axie Infinity, or turn a profit by investing in certain player cards on Sorare. The intersection of crypto and gaming is our closest modern analogue to the future jobs of the metaverse.

Axie’s economy has an inflation problem (much like our real-world economy!), as more players are cashing out than are putting money into the game. With such nuanced economies, it’s easy for things to quickly fall out of whack.