Today we share the pod summary of @crypto_vantage as host @JennSanasie interviews @leah_cb and @berylchavezli about the play to earn phenomenon. Find out from them how crypto gaming is changing the world, and how it lifts an entire community out of poverty.

Read on 👇
@crypto_vantage @JennSanasie @leah_cb @berylchavezli Beryl Li

🔸 Co-founder of @YieldGuild (YGG)
🔸 YGG invests in NFT assets that are used in-game to lease out to players
🔸 YGG is a gaming guild structured as a DAO
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild Leah Callon-Butler

🔸 Screenwriter/presenter behind @playtoearn_ documentary
🔸 Heard of how crypto can help people improve their lives
🔸 Documentary demonstrates how blockchain can change lives for the better

Everyone should watch this 📽️:
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ Barriers to entry

Leah
🔸 @AxieInfinity is a strategic game, like chess ♟️ - can't button mash
🔸 To cash out the in-game rewards, Smooth Love Potion (SLP) 🧴 is hard
🔸 Have to go through many hoops and hurdles
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity Huge adoption by Phillippines 🇵🇭 community

Beryl
🔸 Never told people that crypto is the infrastructure behind the remittance of funds
🔸 People gets turned off - gaming is easier to understand than farming
🔸 WIth gaming, it's just farming 🧑‍🌾 using time instead of assets
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity Leah
🔸 All boils down to good incentives to go through those hoops
🔸 In Australia, people have access to a good banking system with financial products
🔸 In 🇵🇭, only 22% of adults are banked
🔸 Hence people are incentivized to experiment with alternative financial products
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity FTX Sponsorships

Beryl
🔸 @FTX_Official sponsored scholars through YGG
🔸 To play Axie Infinity, you need 3 axies to form a team - cost 1.5k USD
🔸 For those who can't afford the upfront costs, YGG will lease out to them for a cut, like a non-collateralised loan
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official Leah
🔸 FTX had been spending a lot on sponsorship deals lately
🔸 But their scholarship deal with YGG represents another end of the spectrum
🔸 The scholars are not top elite athletes or influencers
🔸 This deal flipped the e-gaming sponsorship model on its head 🙃
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official "The sponsorship and what Axie Infinity is able to do for these communities brings us back to the original crypto ethos - to bring financial freedom to the people who need it the most. And that just warms my heart ❤️."

Jennifer Sanasie
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official Breaking the poverty cycle

Beryl
🔸 Noticed that players changed their mindset after playing Axie Infinity - becomes entrepreneurs and investors
🔸 Many of them have no savings
🔸 Earning an amount higher than the minimum wage of $200 USD allows them to get out of the debt cycle
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official Yield Guild Games

🔸 Had become a DAO after a token sale that sold out in 30s
🔸 45% of the token allocation is actually for the community
🔸 Will have a level up system where the more player play the game, the more YGG tokens they can earn
🔸 Token is used for governance
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official Metaverse

Leah
🔸 Should be pushing for an open Metaverse that is interoperable and permissionless
🔸 Not multiple Metaverses across multiple centralized platforms
🔸 People will soon realise that is quite a lot of value to claim in the virtual world
🔸 Will progress over time
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official "Going back to the start of this year when we made the Play to Earn documentary, we made a decision not to include the word NFT because no one knew what it was. Fast forward to Feb and Mar, it was like the only word that people knew in their vocabulary."

Leah Callon-Butler
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official Future in relation to crypto

Beryl
🔸 Pandemic accelerated the push to get everything online
🔸 Will have more play to earn games coming out
🔸 Education could be gamified too
🔸 Shopping 🛍️ might be in the form of NFT that can be converted to physical merchandise
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official Links

🔸 Video:
🔸 Substack article: thereadingape.substack.com/p/cryptovantag…

Thanks to Jennifer for the wonderful interview - it's always good to know how crypto can actually change lives on the ground instead of just being an abstract concept.
@crypto_vantage @JennSanasie @leah_cb @berylchavezli @YieldGuild @playtoearn_ @AxieInfinity @FTX_Official Like our work?

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More from @The_ReadingApe

15 Sep
@donnie is back on the @zima_red podcast. He shares with @AndrewSteinwold the progress @bitski has made as well as his thoughts on NFTs, the Metaverse, DAOs, and many more

Read on for more 👇
@donnie @zima_red @AndrewSteinwold @bitski 1/ Origins

🔹Founder of Bitski, a platform where people can create, buy, and sell NFTs
🔹Added a storefront for NFTs since his last chat with Andrew
🔹Raised Series A from Andreessen Horowitz
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🔹Anyone can sign up with Bitski
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Today we share the pod summary from @zima_red episode featuring @bennydoda01, the cofounder and CEO of @redfoxlabs_io 🦊. Find out more about Ben Fairbank and what this extraordinary company he had started is all about.

Read more 👇
@zima_red @bennydoda01 @redfoxlabs_io Origins

🔹 Co-founder of RedFOX labs 🦊 and RFOX games
🔹 Building an ecosystem that builds, invests & incubate companies related to crypto
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@zima_red @bennydoda01 @redfoxlabs_io Thoughts on NFT

🔹 Found it interesting but did not really get them
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Read 17 tweets
5 Sep
We are not posting any content today. Don't worry, we're still very much in business. We've been around for 55 days, posting an average of 1.1 article per day. That is just a metric, but I hope it signifies our commitment.
We are here to stay. And we are dead serious in learning about the crypto space. We started off with podcast summaries. We ventured into infographics, then memes. But all these are just the medium into which we do our style of art - clarifying, distilling, understanding.
Best of all? It's the friends we make along the way. You know who you are. We are deeply honoured to have walked alongside with you, even if it's for a while. May our paths cross in more interesting ways in the future!
Read 5 tweets
4 Sep
We did an error in the introduction of @spadaboom1, hence we're redoing it for the sake of accuracy. Very sorry for the error, so here's the corrected version.
@spadaboom1 Intro to BadgerDAO

🦡 Badger has a mission to build the products and infrastructure needed to accelerate $BTC as collateral across other blockchains
🦡 Chris Spadafora is the founder of BadgerDAO
@spadaboom1 Updates over the past 6 months

🦡 Community has gotten stronger 🔥 - more involved in the decision-making process
🦡 Most of Crypto Twitter is price-oriented
🦡 But price is not an indicator of the ability to deliver products or build a community
Read 21 tweets
4 Sep
Today we share the pod summary ep of Talking Crypto with host @gabrielhaines featuring @spadaboom1, the founder of @BadgerDAO. Chris shares the latest updates on BadgerDAO over the past 6 months, as well as his thoughts on the exciting space between DeFi and NFT.

Read more 👇
@gabrielhaines @spadaboom1 @BadgerDAO Intro to BadgerDAO

🦡 Badger has a mission to build the products and infrastructure needed to accelerate $BTC as collateral across other blockchains
🦡 Chris Spadafora is the founder of BadgerDAO
🦡 Advisor to Mycred.io and @ArweaveTeam
@gabrielhaines @spadaboom1 @BadgerDAO @ArweaveTeam Updates over the past 6 months

🦡 Community has gotten stronger 🔥 - more involved in the decision-making process
🦡 Most of Crypto Twitter is price-oriented
🦡 But price is not an indicator of the ability to deliver products or build a community
Read 22 tweets
3 Sep
@Delphi_Digital has grown tremendously over the past few years. Join @AndrewSteinwold as he interviews @YanLiberman, Co-Founder of Delphi Digital, on their journey from a small start-up to what they are today 😎

Read on! 👇
@Delphi_Digital @AndrewSteinwold @YanLiberman 1/ Origins

🔮Worked in equity research at Bloomberg @business
🔮Went to @DeutscheBank to do leveraged finance
🔮Got into crypto in May 2017
🔮Rode the 2017 highs/2018 lows
🔮Along with his co-founders, left their jobs to build their business Image
@Delphi_Digital @AndrewSteinwold @YanLiberman @business @DeutscheBank 2/ "And before you know it, you're just like emptying out your entire traditional equity portfolio. And then not too long after that, my entire retirement portfolio, is like, yeah, this is way more interesting." - Yan Liberman
Read 17 tweets

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