A billion-dollar crypto gaming startup promised riches and delivered disaster
22 mins | Jun 17, 2022
Should it have been predicted? Axie Infinity’s vision of a “play-to-earn” video game has crumbled, and the company behind it now tells the players who bought into the hype it was never about the money, anyway. In this story of poor planning, no long-term vision, and only investing in marketing hype, Joshua Brustein explores the rise and fall of Axie. Here, he provides a cautionary tale surrounding the unrealistic views that Web3 and NFTS are at a stage where they can replace other jobs.