Highly Recommended Watch: The biggest CRASH in NFT history (Axie Infinity down 99.99%)
(youtube.com)
Axie Infinity has had the biggest rise-and-fall of any NFT project in history. Revenue went from $350 million a month to a low of $3,000 per day in the span of a year, with most users abandoning the game due to lower rewards.
In this video I go over how this all happened, whether or not it was a pyramid scheme, and what this means for the future of play-to-earn gaming.
follow me on twitter: https://twitter.com/GiancarloChaux
Ronin hack: https://www.nbcnews.com/tech/tech-new...
Axie's upcoming improvements: https://twitter.com/philipla/status/1...
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0:00 START HERE
2:10 why I'm making this video
2:38 the RISE of Axie Infinity
3:50 how did people make so much money
4:39 the dream
5:53 the DECLINE
7:35 Kim Jong-un enters the chat ($600m stolen)
10:24 is play-to-earn gaming dead?
In this video I go over how this all happened, whether or not it was a pyramid scheme, and what this means for the future of play-to-earn gaming.
follow me on twitter: https://twitter.com/GiancarloChaux
Ronin hack: https://www.nbcnews.com/tech/tech-new...
Axie's upcoming improvements: https://twitter.com/philipla/status/1...
---
0:00 START HERE
2:10 why I'm making this video
2:38 the RISE of Axie Infinity
3:50 how did people make so much money
4:39 the dream
5:53 the DECLINE
7:35 Kim Jong-un enters the chat ($600m stolen)
10:24 is play-to-earn gaming dead?
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Francisco Gimeno - BC Analyst Axie Infinity is the best example of what can happen when a new tech product comes to the market. NFTs were hyped from the beginning, and naturally some NFT platforms are failing some spectacularly, like this one. Most because they lack a real tech foundation, some because there were some elements of scam, some because of hacking, etc. The case study in this podcast teaches us a lot about what should be considered good and bad practices. It's anyway a hit against play-to-earn gaming, which in this bearish market has slowed a lot. To know more watch it and let us know what you think.