Fall of Axie Dreams

Covid 19 and Lockdowns - a period of around 2 years where people around the world suffered at home. Some thrived thanks to the play to earn economy on blockchains. Axie Infinity is one of those games which helped many people push the barriers of the poverty.

It's Mid of 2022, and the Axie Infinity is falling. The dream of finding financial independence through play to earn gaming is collapsing. A lot of people who are trying too hard to come out of their financial issues and tried playing Axie are now in the midst of the crypto winter.

Before we take a look at that condition, let's talk about what Axie infinity has done for the people?

Here are some of the success stories of the Axie Infinity.

• One girl from Philippines played this game and managed to buy a land on which she can build a house for her ageing mother.
• One guy from Thailand has quit his job of waiter and now playing Axie infinity full time and also moved to the crypto investor profile.
• One mother managed to quit her job and now doing the game, scholar work for full time and does not depend on family.
• Plenty of people from South East asia are playing this game for supplementing their income.

Now that we have seen how this game has helped people around the world. Let's talk about what is the current state of the Axie Infinity.

• Crypto winter has affected the tokens of the game.
• Token price falling rapidly leading to loss for HODLers
• NFTs in the axie infinity game are no longer profitable and attractive.
• Economy of the game does not help much for the gamers outside the game.

Is play to earn dead?

I don't think the play to earn mechanism is dead. Instead the game has just suffering under the crypto winter. I am sure the splinterlands too has been facing similar issues but card gamers stay longer than any other games.

I feel the Axie needs to revamp it's system and also need to think long term if it wants to sustain it's economy for years. For now they are struggling like any other crypto project during the crypto winter.

In due time, the tokens, NFTs and the blockchain gaming will get a boost from the market. We will see the results of their token and the game in general in near future.

Posted Using LeoFinance ^Beta