During the pandemic, as local jobs dried up, play-to-earn game @AxieInfinity helped people around the world put food on the table, pay rent, and pay off debt.
Players are earning between $500-1000 per month playing the game—which is often higher than local minimum wage jobs.
For all of the game’s promise, there are barriers to entry: to play Axie Infinity, a player must first purchase a team of three Axies, which are themselves NFTs.
That's prohibitively expensive for many: a starter team of Axies can easily cost upwards of $500.
That dynamic threatens to plague virtual worlds with the same structures of inequality that exist offline, with those in greatest need of play-to-earn’s potential being excluded from participating.
That's where @YieldGuild and this scholarship comes in!
The Leaping Corgi Scholarship will help new players get onboarded, by purchasing and renting teams of Axies to players who would be otherwise unable to afford the assets necessary to play the game.
YGG is also providing players with training and support along the way.
Want to support the scholarship?
We're selling 20 editions of the Leaping Corgi Scholarship NFT, with all proceeds going towards funding new scholars! Check it out:
They are using tools to produce something of value for an end user.
Historically, those tools were owned by someone else (platforms), and creators' work was often undervalued and exploited.
The reason why the creator economy is now intersecting with the crypto economy is because cryptonetworks provide a way to distribute that value more fairly.
If we pull on the thread of creators as internet workers, where does that take us?
History rhymes, and we can look at past labor movements for clues:
This NFT is based on my recent blog post, Universal Creative Income, co-authored w/ @LilaShroff.
When I thought about taking steps towards basic income, the idea of supporting pathways out of poverty for anyone with an internet connection felt so apt. li.mirror.xyz/j3WsyvI5LKFKcF…
.@AxieInfinity is a video game in the burgeoning play-to-earn category, where players breed, trade, and battle with cute digital pets called Axies, and earn yield in the form of NFT items & governance tokens.
Universal Creative Income is basic income for online creators. This may sound really fringe, but bear with me!
There are 2 broad ways that UCI can come to fruition, outlined in the blog post:
1) Platform-funded UCI 2) Crypto UCI, with governance decisions made by the community
The New Deal was essentially a small-scale experiment in UCI, with employment for 10K+ artists who created over 100K works.
Importantly, it shifted the perception of art from a luxury good, funded via private patronage, to a critical part of a democracy. 64parishes.org/entry/federal-…
It's clear that businesses that figure out how to leverage TikTok will have an advantage in cultivating user trust and efficiently acquiring customers.
As of mid-2020, TikTok had 50M daily actives in the US. Businesses—from solopreneurs to public companies—have seen success.
Excitingly for startups, TikTok is designed with a more level playing field on which newcomers can succeed.
TikTok’s FYP purposefully surfaces videos from even little-known accounts. That means startups can create content that quickly grows.