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05.01 - 21:41
Why utility is an important aspect of Axie Infinity, what challenges it is facing
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ambcrypto.comPlay-to-earn games have become all the rage within the cryptocurrency sector. It has often provided users with an alternative source of income and fueling the NFT mania even further. This growth could be seen playing out at the peak of the coronavirus pandemic when many who lost their jobs, saw these games as means of survival.
This was especially true for Axie Infinity, which led to much of the exponential growth during this time in regions like Southeast Asia, specifically in the Philippines and Vietnam.
The co-founder of Yield Guild Games, which is a DAO investing in NFTs from games and virtual worlds like Axie Infinity to allow members to earn yield and participate in these games, believes blockchain-based games have the ability to
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