$20+Day! Villages in Philippines survive Covid playing Axie Infinity

[contraband]

https://www.coindesk.com/nft-game-filipinos-covid

Amazing!!

The growth charts hockey stick in every metric

Traders are making hand over fist there ....Ill leave it at that.. Insane

Check it out



Is this the future?

[nutildah]

It was certainly a godsend to the people who made a good living from it, but I don't think its a trend that would continue to infinity, especially as more and more people found out about it, driving the price of the token they were earning and selling over and over. Demand for the game would have to continue to pick up, which I don't think that it did -- although its certainly an interesting economic model that is likely to continue well into the future.

[Kemarit]

I think everyone needs to survived in this pandemic, and what a way to help Filipinos with this dapps games. As per the the article, 10,000 PHP ($206) per week in that province is huge money already. So I wouldn't be surprised if this trend continues and more dapps games developer out there giving this kind of incentive to players, specially poverty stricken. This will really give them a chance to earn money regardless of their age.

And yes, whether we have a pandemic or not, this could really be the trend and precedence and it could also grow big in the future.

[tsaroz]

Covid would certainly have a permanent change on how we work, dine and entertain. It was a fun time for many introverts and now people have realized that they could work, dine and entertain indoors provided they have an internet connection. Internet has became an integral part of everyones life and it has brought people closer to crypto whether through dapps gaming or investment prospective.

[petuel]

https://www.coindesk.com/nft-game-filipinos-covid
The growth charts hockey stick in every metric
Traders are making hand over fist there ....Ill leave it at that.. Insane
Is this the future?

Crypto is a somehwat salvation for developing countries, but overall they're just farming them to sell right away, so that means they're devaluing anything they're farming.
I don't see how this is future, but not charity

[Fundamentals Of]

Wow! That's good enough for just a mobile game. And those are not cents. Those are hundreds of dollars per week earned by merely spending hours playing on their mobile phones. That's really a blessing for a lot of ordinary people in a country severely hit by the deadly COVID.

This is another proof that there is some use to altcoin-based decentralized apps especially Ethereum. Cryptocurrency is not just about Bitcoin.

[bluebit25]

https://www.coindesk.com/nft-game-filipinos-covid

Amazing!!

The growth charts hockey stick in every metric

Traders are making hand over fist there ....Ill leave it at that.. Insane

Check it out



Is this the future?

I have heard of a few people mentioning that NFT could be a further development for DeFi. Perhaps at this point when the epidemic is still there, home gaming isolation is great, with blockchain we are proud of the projects that are carrying the NFT. But honestly I don't think this will be a new trend in the market, maybe there will be a few projects coming up with NFT to attract investors, but I see its applicability to bring success. is ineffective.

[Onika84]

Blockchain and games seem to be the right collaboration to help the Philippine economy during a pandemic. I am so curious to play the game. in the near future we can see axie listed on Binance.

[amishmanish]

It is things like these that make me feel hopeful about the future of blockchain. Just a bunch of people playing a game and creating this network effect to gain an extra income that wouldn't otherwise have been possible. The next step in this is for the developers to find ways to monetize these games further and introduce more content to make it more than just a blockchain game. And if people are spending almost full working hours daily on this and earning an extra 300-400 USD per month, that is commendable for the game itself.
The only problem with these games is the greed aspect which can lead a lot of people to start seeing themselves as tycoons rather than as a part of something novel that can come crashing down the next day. That is when they stop sharing and start fooling others like them. The ironic thing behind most scammers is that they have themselves been in desperate situations and know exactly the right things to lure their fellows into over investing themselves. The SEA community is hugely influential in the gaming scene as well as in proliferation of ERC-20 tokens (scams and honest projects alike). Wish them nothing but good luck and positive vibes for the future.

[thenextking]

dAPP could be the future of blockchain, a working and useful dAPP could be worth more than scam non-functional dAPP. Also don't forget the dAPP creator collecting the fees with transactions and/or in dAPP purchase, it's a win-win.

[nutildah]

The ironic thing behind most scammers is that they have themselves been in desperate situations and know exactly the right things to lure their fellows into over investing themselves.

As they are pretty active in the crypto scene relative to nearby countries, Filipinos are also the targets of a lot of scammers... Ponzi scams, cloud mining scams, doubler scams... On one hand their main wallet, Coins.ph, is a resounding success in terms of crypto use case scenarios as it allows people to buy phone plans, pay bills, cash out to remittance centers and easily send coins to others; on the other hand, it makes it incredibly easy to get scammed and lose much-needed income.

A lot of Filipinos still don't understand how dirty scammers can be when it comes to crypto - I've heard a lot of horror stories of people losing their savings in what should have obviously been a scam - which is why its refreshing to have a legit product providing good income for a change. If you make $20 a day in the Philippines you are pretty much killing it compared to most of the country.

Financial literacy is on the increase, at least as lessons are learned -- the first wave of adopters will have been hit pretty hard by scams compared to future generations to follow, who can learn from the mistakes of those who went first.

[bitmover]

It was certainly a godsend to the people who made a good living from it, but I don't think its a trend that would continue to infinity, especially as more and more people found out about it, driving the price of the token they were earning and selling over and over. Demand for the game would have to continue to pick up, which I don't think that it did -- although its certainly an interesting economic model that is likely to continue well into the future.

I agree.

The biggest problem I see with it are the values. They are not sustaineable for a game that just released. Who the hell is paying 40,000 USD to an Axe? That just looks like a Ponzi or just some price manipulation to pump the game/token?

For more seasoned players, or those with greater risk appetite, higher returns can be made by trading the Axies themselves. Inton has dabbled in this space, breeding Axies and selling them for as much as 2,000 PHP ($41). Just last week, two very rare Axies were sold for 60 and 90 ETH. The highest price ever fetched for a single Axie currently sits at 110 ETH.

https://www.coindesk.com/nft-game-filipinos-covid

I know that there are valuable items in games. I am a gamer myself for nearly 40 years.
I know there are valuable items/characters in WoW for example. But WoW is a game that is nearly 20 years old (released 2004). Some characters and items are old and have too much work on them. And the values are not that high!

But certainly, that is amazing for filipinos and who else is making money from it to support their family in this dark times.

[contraband]

It was certainly a godsend to the people who made a good living from it, but I don't think its a trend that would continue to infinity, especially as more and more people found out about it, driving the price of the token they were earning and selling over and over. Demand for the game would have to continue to pick up, which I don't think that it did -- although its certainly an interesting economic model that is likely to continue well into the future.

I agree.

The biggest problem I see with it are the values. They are not sustaineable for a game that just released. Who the hell is paying 40,000 USD to an Axe? That just looks like a Ponzi or just some price manipulation to pump the game/token?

For more seasoned players, or those with greater risk appetite, higher returns can be made by trading the Axies themselves. Inton has dabbled in this space, breeding Axies and selling them for as much as 2,000 PHP ($41). Just last week, two very rare Axies were sold for 60 and 90 ETH. The highest price ever fetched for a single Axie currently sits at 110 ETH.

https://www.coindesk.com/nft-game-filipinos-covid

I know that there are valuable items in games. I am a gamer myself for nearly 40 years.
I know there are valuable items/characters in WoW for example. But WoW is a game that is nearly 20 years old (released 2004). Some characters and items are old and have too much work on them. And the values are not that high!

But certainly, that is amazing for filipinos and who else is making money from it to support their family in this dark times.

Who is paying $40,000 for an Axie? Someone who believes it is undervalued at the moment.

There are Axies worth that much

The Axie landplay game coming out next year have plots worth over $50,000

I would look into it.

Imagine those in game assets sold by other players, and not the developers. The developers of Axie Infinity sold the land, and original Axies, now it has its own economy. The debs take 4% on all trades on their marketplace,  if you don't trust the trader. This is only the beginning. You will see land and Rare Axies go for millions in the future.

The more players the better. It is not only sustainable if "everyone tried to play to earn", but would be even better than it is now.

You earn by battling your Axies
You earn Small Love Potion <SLP>
SLP is needed to breed Axies

New players need Axies,  that you can only buy from Breeders
Breeders can't breed without SLP

New players sell SLP to breeders

More new players > More Demand for SLP

Breeders can only breed Axies 7 times, and each time more SLP is needed

The math works

All the growth metrics are a hockey stick
-google searches
-Axie vol
-Land vol
-new players
-slp vol

Their governance token is launching very soon

[frcat]

How did you find this article? Its 2 month old article. Whats their token ticker? I cant find nothing on Coingesko by "Axie" or "AXS" as says in their twitter.
Btw: their graphics looks not good...

[Akiko]

That's 20$ a day earning for playing is more than what normal employee can get with his salary's for minimum wage earner.

If it's true then it's really a big help for many that been affected  their job due to pandemic.

My question for the game is it free to play or users need to use ethereum or to buy token first before they can play and breed pets?

[tabas]

My question for the game is it free to play or users need to use ethereum or to buy token first before they can play and breed pets?

You can read the answer for questions like this on their own blog.
https://axie.substack.com/p/axie-community-alpha-getting-started

[el kaka22]

It is basically like the cryptokitties or many similar collectibles type of situation from what I understand. This doesn't mean that they will be able to continue like this but the idea has been around for few years, it is nothing new. Obviously in order for this to survive and continue the value of the things they do in that dapp has to continue as well, if one day it becomes worthless or boring it will become not a good job, or even a job so they will have to find something else.

I am not saying this is not working, not at all, all I am saying is right now I remember cryptokitties being a huge deal as well and look at it today, even the fee's are more expensive than the cats. Hence I think this doesn't look sustainable for the future of Philippines at all.

[frcat]

My question for the game is it free to play or users need to use ethereum or to buy token first before they can play and breed pets?

You can read the answer for questions like this on their own blog.
https://axie.substack.com/p/axie-community-alpha-getting-started

Well, I just found that Binance will have IEO on this project. I dont understand why this game make interested Binance. As I said their graphics looks not good.

And according this article:

approximately 140,000 Axies exist in the world

But

Total Tokens: 270,000,000

NFT tokens mean that every token must be unique. But here are not. Why?

[totoy4741]

Blockchain and games seem to be the right collaboration to help the Philippine economy during a pandemic. I am so curious to play the game. in the near future we can see axie listed on Binance.

I was too, I actually jumped out to search in google for the game. It seems be interesting and enjoyable since I love to play mobile games. Rather have Axie Infinity than other mobile games such as mobas that don't give out any cen't and spend for data playing without getting anything in return.

[Johnyz]

That's a lot of money from a daily profit and beside, you are having fun. Now, I'm looking for this kind of opportunity, but I didn't see any game like this, does anyone knows here what are the games I can play as an Apple user?

Anyway, Pinoy will always do their best to earn money to support their daily needs and I'm a proud PINOY. On time like this, we should not give up and instead grab every opportunity along the road, as long as its legal and safe you can play more!