> 'Income provider of house of cards?': Axie Infinity helps Philippines' poor earn / V000_9WX8WQ
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'Income provider of house of cards?': Axie Infinity helps Philippines' poor earn / V000_9WX8WQ
Clip ID 2145834
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Description
Dominic Lumabi sits on the computer in his Manila bedroom pitting his puffer fish-like cartoon NFT characters against others. But this is not just a game -- he is earning cryptocurrency to support his family during the pandemic.
The source of his income is Axie Infinity, a blockchain-based play-to-earn game that exploded in popularity in developing nations such as the Philippines as Covid-19 destroyed jobs and forced many to stay home.
Its fans, financial backers and creators -- Vietnam-based Sky Mavis -- say it is a revolutionary step towards the future of the internet.
Detractors warn the game is a "house of cards", some likening it to a fraud scheme driven by hype and speculation.
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