Axie Infinity, the Crypto Game That’s Grown Over 200x This Year Alone

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 21 October 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin just hit an all-time high and crypto mania is in full swing. One of this year's big winners has to be Axie Infinity, a blockchain-based game, whose token AXS has surged over 200x just since the start of the year. Axie is a pioneer of what's come to be known as a "play to earn" model, whereby participants who play the game can actually make money. Its popularity, for example, has exploded in the Philippines, where numerous people are making a living from it. But how does it work? And is it sustainable? On this episode we speak to the game’s co-founder Aleksander Leonard Larsen about how it all works.

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0:41.7	Hello and welcome to another episode of the AdLots podcast.
0:57.6	I'm Tracy Alloway.
0:59.3	And I'm Joe Waisenthal.
1:01.2	Joe, I feel like we may have had this conversation before,
1:05.0	but did you ever play magic to gathering growing up?
1:09.2	No, I never did, and I kind of think it's weird,
1:11.4	because maybe I'm the type of person who would have.
1:14.4	You were right. You did, right?
1:16.4	Yeah, I did, but so I can see you sort of being interested in it from a poker slash
1:22.4	maths perspective.
1:23.7	Yeah, yeah. No, I should have been.
	...

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