The biggest CRASH in NFT history (Axie Infinity down 99.99%)
Axie Infinity has had the biggest rise-and-fall of any NFT project in history. Revenue went from $350 million a month to a low of $3,000 per day in the span of a year, with most users abandoning the game due to lower rewards. In this video I go over how this all happened, whether or not it was a pyramid scheme, and what this means for the future of play-to-earn gaming. follow me on twitter: https://twitter.com/GiancarloChaux Ronin hack: https://www.nbcnews.com/tech/tech-news/hackers-steal-600-million-maker-axie-infinity-rcna22031 Axie's upcoming improvements: https://twitter.com/philipla/status/1546153683481636864?s=20&t=M6WdLXEKHtagJ7HKcGqILg --- 0:00 START HERE 2:10 why I'm making this video 2:38 the RISE of Axie Infinity 3:50 how did people make so much money 4:39 the dream 5:53 the DECLINE 7:35 Kim Jong-un enters the chat ($600m stolen) 10:24 is play-to-earn gaming dead?
Axie Infinity has had the biggest rise-and-fall of any NFT project in history. Revenue went from $350 million a month to a low of $3,000 per day in the span of a year, with most users abandoning the game due to lower rewards. In this video I go over how this all happened, whether or not it was a pyramid scheme, and what this means for the future of play-to-earn gaming. follow me on twitter: https://twitter.com/GiancarloChaux Ronin hack: https://www.nbcnews.com/tech/tech-news/hackers-steal-600-million-maker-axie-infinity-rcna22031 Axie's upcoming improvements: https://twitter.com/philipla/status/1546153683481636864?s=20&t=M6WdLXEKHtagJ7HKcGqILg --- 0:00 START HERE 2:10 why I'm making this video 2:38 the RISE of Axie Infinity 3:50 how did people make so much money 4:39 the dream 5:53 the DECLINE 7:35 Kim Jong-un enters the chat ($600m stolen) 10:24 is play-to-earn gaming dead?