Lens
NFTs and Gaming
After shooting to prominence earlier in the year and bringing huge profits to early adopters, earnings for players of blockchain-based game Axie Infinity have dropped below the minimum wage line for most players in the Philippines, according to a recent report by research firm Naavik. Fast facts Using data sourced from the official website of […]
Lachlan Keller
NFTs and Gaming
The darling of the play-to-earn gaming world had an explosive start but now struggles with deflation and lower player earnings. Is the play-to-earn model sustainable?
Lachlan Keller
NFTs and Gaming
Sky Mavis, the company behind leading non-fungible token game Axie Infinity, has raised US$152 million in a Series B funding round with a valuation of nearly US$3 billion, according to news outlet The Information. Fast facts Led by venture capital firm Andreessen Horowitz, Sky Mavis said it will use the funds to improve its blockchain […]
Lachlan Keller
NFTs and Gaming
It’s been quite a run for the world’s leading play-to-earn game, but as its monthly revenue takes a hit, what’s in store for the future of the game?
Lachlan Keller
Crypto Trading and Strategies
Much of the growth in the region is driven by strong grassroots adoption rates led by Vietnam, India and Pakistan, new data from Chainalysis shows
Lachlan Keller
NFTs and Gaming
The hot play-to-earn token game Axie Infinity is under increased scrutiny from Philippines tax authorities. The country’s central bank said it is closely monitoring how players use game tokens to decide whether to classify and regulate Axie’s parent company as an entity that runs payment systems. Fast facts The central bank, Bangko Sentral ng Pilipinas, […]
Ningwei Qin
NFTs and Gaming
With play-to-earn crypto games like Axie Infinity continuing to attract users, tax authorities in the Philippines are looking into taxing such blockchain-based game companies as well as the income earned by users on such platforms, according to a report by the Manila Bulletin. Fast facts Philippines’ finance undersecretary Antonette C. Tionko said earnings from these […]
Monika Ghosh
NFTs and Gaming
Axie Infinity’s founder has announced that the company’s non-fungible token market trading volume hit US$1 billion this morning, having already announced that it had more than 1 million daily active players last Friday. Fast facts DappRadar shows the Axie NFT market now has a trading volume of US$1.126 billion, ranking first among all markets. It […]
Ningwei Qin
