Source: whitepaper.axieinfinity.com
Does Axie Infinity solve financial problems?
The popularity of the Axie game is going through the roof. It’s ranked the number one Ethereum game by daily, weekly, and monthly active users. As of today, users have consumed more than 1 million worth of ETH (approximately $3 billion) to advance in the game.
A blockchain economic model creates incentives for players as they own the games and are rewarded while moving forward, unlocking new levels and improving their game skills. They have fun, while also reaping real monetary rewards that come with the “Play-to-earn” feature.
This monetary value provides financial support around the globe, especially in developing countries such as the Philippines, Brazil, Venezuela, and Colombia. Their governments are undergoing severe economic recessions, run high inflation, and are faced with high unemployment.
Games such as those created by Axie Affinity allow users to accumulate tradeable crypto coins. Some players end up earning returns three times higher than their current jobs, or the ones from which they were released.
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