Thread by @DCLBlogger

Breaking down the $100M+ @AxieInfinity economy.

From 1,700%+ user base since Jan to entire families earning money in third world countries,

How are people making money?

1/ Let's explore. 👇

2/ $126M has been traded in the last 30 days, eclipsing every other NFT project in the space.

An Axie sells pretty much every 5-10 seconds.

For a project 3 years in, this is a pretty big deal.

3/ In Feb-March 2018 Axie Infinity ran their presale.

You could buy a beast, aquatic or plant Axie. Every purchase would bump the price higher.

~3,000 Axies were adopted raising 900ETH.

These are referred to as "origin" axies and with now 1.3M Axies available, are pretty rare.

4/ Each Axie comes with 6 randomized parts which dictate which moves/cards and stats they get.

There are many ways to put a team of 3 together to vs others with a team of 3.

5/ Axie Infinity went on to release the $SLP token, a reward for playing the game.

So now players do quests and vs each other to win the token.

Which currently is trading at $0.14.

Great article, bitpinas.com/learn-how-to-g…

6/ 100-200 $SLP/day is $13-$26USD/day.

Playing a game! The dream?

This has been AMAZING for entire communities, (prob soon countries), as they're finding ways to earn more than a full time salary.
coindesk.com/nft-game-filip…

7/ The game has gone from 15,700 Daily Active Citizens on Jan 1st.

To 295,000 as of July 1st!

An increase of 1778%

The actual game is insanely fun to play.

8/ There are now scholarship programs where managers let players borrow Axies to battle against others.

And share in the revenue.

Axies are $150 - $500, a hefty start up costs for some countries.

So it works.

People are CRUSHING it, (5-6 figures monthly), running these.

9/ So Investors can buy

- $AXS token, (governance/ecosystem)
- Early Origin Axies, (capped at ~3,000)
- Early Mystic Axies, (capped at ~ 1,000)
- Items, land, etc

and players can buy,

- $SLP, items, Axies, land to increase their way to earn in game.

An interesting separation

10/ With land gameplay yet to come into play to provide more ways to make money playing the game,

Axie Infinity seems like it's actually going to do it.

A great case study for what "blockchain gaming" means or what this new age of games allows.

Time = Money.

11/ In Summary.

- Axie Infinity is growing a game built on mad fun AND earning $ for time spent.

- Is investible through $AXS token, early/capped Axies like Origin, Mystic Axies, etc.

- Provides rev models for Axie breeders, scholars, managers, etc.

And is just badass af.

12/ This is why I like long term projects.

Dropping an NFT project is one thing,

Dedicating a team, millions in funding, years, reputation, to build it out is entirely different.

Even raising $ from the likes of @mcuban so they can continue building.

venturebeat.com/2021/05/11/sky…

13/ As usual, I covered it in a vid. 👇


That thumbnail tho, (I'm an Axie). Don't ask haha