Axie Infinity says it was never about the money after describing their game as a job-creator

June 14, 2022

Axie Infinity says it was never about the money after describing their game as a job-creator

After playing up how Axie Infinity had "created hundreds of thousands of jobs in the Philippines" and other locations where salaries are low, Axie Infinity has crumbled. Some players had quit their traditional jobs to become full-time Axie players, and for a few months in 2021, some skilled players could make more than the average wage in the Philippines by playing the game.

Even without the $625 million hack in March, Axie's economy was in trouble. A November 2021 report from Naavik, titled "Infinite Opportunity or Infinite Peril?" wrote that the game's "economic policies are fundamentally unsustainable" and that "the value of new Axies and SLP is propped up by new players putting fresh money into the game".

As of May, even top-ranked players were making around $0.68 a day — certainly well below the $41.50 average daily wage in the Philippines that the game was once beating. Now, Axie Infinity downplays the financial promises of its game, with the company's head of product writing, "Axie Infinity first and foremost needs to be a game".

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