The evasionist fantasy of NFT games is capitalism

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Thousands of wealthy people Axis infinity Players have been renting out their Axies to other players in exchange for 30% or 40% of their income. NFT card game is the same A place of division‘Digital cards, according to co-founder and chief operating officer Jesse Reich (Jesse Reich), it crosses the “experience of altruism and capitalism…to improve their financial status and status”. These other participants are usually located in developing countries such as Ecuador or the Philippines. (More than half Axis infinity The players are Filipinos, according to Sky Mavis). Many of these are part of scholarships or “guilds.” As part of the manager-worker relationship organized through Discord, players rent out their accounts with each other, sharing usernames and passwords.exist Axis infinityOn Discord, dozens of employees “apply” for positions every 10 minutes, sharing why they should be hired, what their gaming experience is, and how good their Internet connection is.

After noticing Axis infinity Last year, due to players sharing user names and passwords in this way, Gabby Dizon, CEO of Philippine mobile games, decided to formally establish a relationship with Yield Guild Games, a “play-to-make-money game guild” covering 15 different games. Xiao is an early investor. In an interview with WIRED, Dizon elaborated on the guild’s business model: “We come in, buy and nurture Axies in large quantities, and then lend them to players.” Players earn 70% of their income and represent YGG’s “community manager” who recruits and manages them daily “Get 20%. YGG itself gets 10% and may reinvest these tokens to cultivate more Axies. Each party automatically obtains their profit share through the automatic execution of blockchain software or smart contracts developed by YGG.

“Now, we have about 5,400 Axies. Next year, this time, we hope to reach hundreds of thousands,” Dizon said. So far, his bet seems to have paid off: YGG received a $4.6 million round of financing led by Andreessen Horowitz in August.In a blog post Announce transaction, The company has an in-depth discussion on the actual definition of “work” and the philosophy of how that concept has evolved due to cryptocurrency and games. In Di Song’s view, Axie And similar games are not even in the same league as other video games. “These games are actually competing [for players] Collaborate with other forms of gig labor—such as Uber, Grab, or Gojek. You provide someone with food and get a small amount of money from it,” he said. “Why not work from home, play this game, and pay with tokens? “

The rise Axis infinity This is happening as the line between investment and gaming becomes looser. Apps like Robinhood help turn investment into entertainment, while also lowering the barriers to entry by offering commission-free transactions. Cryptocurrency exchanges have also become more mainstream, providing better opportunities for investors who want to make a few dollars from the fluctuating prices of cryptocurrencies. The founder of Economic Research Gil Carlson said that investing in the idea of ​​suitable for everyone, including those without financial institution experience, may be partly due to Covid-19 and the financial volatility that many people have experienced in the past two years. The non-profit organization Open Money Initiative : “It makes people aware of this system,” she said. “You see this kind of volatility, and you have the question,’Why shouldn’t I control my financial assets more?'” A series of amateur investment activities have appeared in the past year, usually taking clues from online communities, from WallStreetBets’ GameStop surges To pop Memes like Dogecoin Shiba Inu’s.The increasingly bizarre retail investment behavior has led to many times by Gary Gensler, Chairman of the US Securities and Exchange Commission denounce “Gamification of Investment”.

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