Last year, Jarindr Thitadilaka claimed to have earned up to $2,000 a month from his collection of digital pets, which he would breed and send into fight to win cryptocurrency.
In the midst of the excitement surrounding NFTs and virtual worlds, these games may be successful enterprises, attracting millions of players as well as billions of cash from investors who view the games as a method to expose more people to cryptocurrencies.
Users may acquire virtual blob-like creatures with varied properties as non-fungible tokens (NFTs) – digital assets whose owner is recorded on the blockchain – for tens of dollars to hundreds of thousands of dollars in Axie Infinity.
Players may then utilise their pets to win battles and create new pets, the worth of which is determined by their rarity. On the site, which claims to have 1.5 million daily users, the assets may be swapped with other participants.
“It’s no longer simply a game. It’s more akin to a natural system “Thitadilaka said. “Do you think you can name it a country?”
Sky Mavis, the Vietnam-based owner of Axie Infinity, said the money will be reimbursed using a mix of its own balance sheet cash and $150 million collected from investors like as cryptocurrency exchange Binance and venture capital company a16z.
Aleksander Larsen, a co-founder of Sky Mavis stated if he could go back in time, he would have prioritised security when building the game, which was released in 2018.