Thread by @IdeasInAJiffy

Summary of "Axie Infinity, Yield Guild Games & the play-to-earn economy" from @coinbase written by @jmart_199 @Cdempsey44 @Hassan_NY.

TLDR: @AxieInfinity is a digital nation, @YieldGuild is Berkshire + Uber and the space is changing lives. A @scribeDAO🧵👇 (6 Tweets)

https://twitter.com/coinbase/status/1433511740038254599

1⃣ What is @AxieInfinity?

- NFT/P2E Game with over 2m daily active users (DAU)
- Pokémon & Hearthstone hybrid gameplay
- Tremendous product market fit > highest revenue generating protocol behind $ETH
- Majority of users come from emerging markets (🇵🇭🇮🇩🇧🇷🇮🇳🇻🇳🇻🇪)

2⃣ How does it generate revenue and why is it taking off?

- Marketplace: takes a 4.25% cut on all trading activity
- Breeding: Protocol takes a cut of the $SLP & $AXS used
- Players from emerging economies earn more playing it than a typical job
- Covid19 related unemployment

3⃣ Issues with Axie infinity?

- Game is not free to play, yet. Currently requires a team of 3 Axies that cost roughly $1.5k.
-Community has alleviated this by creating axie lending programs called scholarships.
- Projects like $YGG do this on a large scale.

4⃣ What is @YieldGuild?

- Holding company of P2E NFT assets (Berkshire) that loans out assets to users who want to play the games (Uber).
-YGG takes a 10% cut on earnings, scholars get 70% and managers get 20%.
-YGG funnels the earnings back into more P2E assets.

5⃣ With @AxieInfinity being it's own digital nation, @SkyMavisHQ has to ensure it manages the economy well for the game to survive.

While it's still early and there's lots of room to grow, @AxieInfinity @YieldGuild are already changing lives and redefining work as we know it.

6⃣ If you liked this summary, do give @scribeDAO and myself a follow and check out my own thread on #P2EGAMING and @AxieInfinity.

https://twitter.com/IdeasInAJiffy/status/1432312553934262274?s=20