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Axie Infinity is the most well known example of a #crypto and #playtoearn game. With a meteoric rise to success in 2021, followed by a quick and violent crash, was Axie Infinity ever a good game? Or was it always a lazy cash grab?
This video has a much different tone and approach than some of my previous videos, so apologies if it’s not what you expected. As Axie Infinity is a rather simple game, I felt that it is more appropriate to explore the origins of Play to Earn as a whole, and give a history of the rise and fall of the most popular crypto game all time.
Axie Infinity, and Play to Earn in general, is really nothing more than a cleverly disguised Ponzi scheme, meant to take advantage of one of the most powerful human emotions, greed. The developers had an amazing opportunity to use their insane success to create an amazing and well-polished game to onboard the world to crypto gaming, but instead, squandered their earnings and placed focus on advertising the game as a means for financial freedom.
Today, Axie Infinity has scrubbed all mentions of Play to Earn from their website, and instead, focuses more on being a video game where you own your assets. Of course, hardly anyone is really interested in that, since why would anyone care about owning assets in a game that is no higher quality than a generic App Store game.
Axie Infinity will go down in history as one of the most important players in the world of Web3, and serves as a perfect example of how the blockchain adds nothing to the game besides enabling it to be a Ponzi scheme.
Thanks for watching my gameplay and review of Axie Infinity!
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