(1/12) Crypto gaming's recent explosion shouldn't be a surprise. But did you know investors are seeing massive yields by providing digital jobs to international gamers, to the tune of $20-$40 per day in wages?
(article here, thread below)
medium.com/floating-point…
(article here, thread below)
medium.com/floating-point…
(2/12) Remember the big NFT explosion? Crypto gaming is like a sub-sector of the NFT technology. But instead of art, think Pokémon. And instead of wasting time, think "summer allowance."
(3/12) @AxieInfinity is the biggest player in the space, coming in at a multi-billion dollar market cap and boasting over a million daily active users. People battle their "Axies" against each other to win Smooth Love Potions, the in-game currency.
(4/12) Investors are paying international gamers to do what they do best, and are seeing high yields (when the game economy favors it). But, importantly, the gamers themselves are seeing huge social benefit -- wages double or triple what they could get locally.
(5/12) Consider this map. Most of the world literally cannot afford to pass up this opportunity, and it's quickly growing into a cultural phenomenon. 
(6/12) Local stores in the Philippines have begun accepting Axie currency as a substitute for cash.
(7/12) And investors willing to look for these unique yield opportunities are realizing very large ROIs, with the caveat that the investment depends on the state of the currency markets. They call this the "Scholar" system.
(8/12) But Axie isn't alone, and may not be the final winner. That game will be the one that keeps a delicate balance between community, gameplay, and play-to-earn value.
(9/12) Unique tokenomics could distribute in-game cash flows back to token holders, like @illuviumio plans. Innovative strategies like "active staking," wherein staking rewards also require gameplay, may underpin a strong community movement.
(10/12) Baseball was America’s favorite pastime. But baseball lost ground when Pokémon knocked it out of the park and millions of parents armed with credit cards threw their weight behind games for their kids.
(11/12) Crypto gaming is this decade's Pokémon. And, with an economic model for work built on top of gaming’s trifecta of stimulation, storytelling, and socialization, it’s a reasonable bet that we’re still in the early innings.
(12/12) Read the full article at medium.com/floating-point…
#defi #blockchain #cryptocurrency #cryptogaming
#defi #blockchain #cryptocurrency #cryptogaming
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