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Web3 gaming in the third world: Axie facilitating billions

Published 03/02/2022, 05:00 PM
Updated 03/02/2022, 07:00 PM
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The research department of blockchain analytics platform Nansen have published a comprehensive guide to popular play-to-earn game Axie Infinity, calculating quantitative insights such as that 2.8 million unique addresses are currently holding 11.1 million Axies, alongside that 97% of those users hold a minimum of three Axie nonfungible tokens, or NFT’s.

Axie Infinity is a play-to-earn game constructed around the collection of, and interaction with, digital pet avatars called Axies. Built by Vietnamese gaming studio Sky Mavis in March 2018, the game rose to cultural prominence during 2019 following the emergence of stories in which players from third-world countries such as Venezuela and Philippines were making a full-time living off of Axie's native crypto assets: Smooth Love Potion (SLP) and Axie Infinity (AXS).

Source: Nansen - What is Axie Infinity and how do you play it?

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