Thread by @amytongwu

1/ After spending more time in the @AxieInfinity ecosystem, I feel that the heart of the play-to-earn (P2E) model lies in the new guild system, like @YieldGuild

2/ Guilds have been at the heart of MMO/open world games for decades. Players grind and chop trees not because it’s fun, but because they value their identity and reputation within their guild

3/ P2E has created the 2.0 Guild, revenue-generating organizations that buy, breed, lease assets, and provide employment, in addition to community. They can solve the cold start challenge for new NFT games, and also become dominant net new asset buyers (Eg Axies)

4/ Of the 500k DAUs that @AxieInfinity have today (and quickly growing), the majority are scholarship income earners. The alternative for these players is not playing Fortnite. The alternative is driving Uber (or Grab)

5/ There are tens / hundreds of millions of people who would play a game for 6 hrs / day and make $500 / mo. And before, many did in the grey market, farming gold and other activities. The P2E economy has legitimized and operationalized this gig economy

6/ Which leads to many interesting questions:
- How fun does a P2E game have to be to continue to grow?
- Do 2.0 Guilds evolve into financial services companies?
- What happens if the NFT game economy cools or crashes?
- How do you prevent an economy crash?