Is This the End for Axie Infinity? The Rise and Fall of the P2E Blockchain Gameby@angelawang
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Is This the End for Axie Infinity? The Rise and Fall of the P2E Blockchain Game

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Axie Infinity is a play-to-earn NFT blockchain-based game in which users may earn money through gameplay. Inspired in part by the successful Pokémon video game series, the game allows users to pit creatures called Axies against one another in combat. The game completed a $7.5 million investment round in May 2021, with Reddit co-founder Alexis Ohanian and billionaire Mark Cuban as investors. Despite its spectacular ascent to global recognition, Axie has suffered a severe drop in daily revenue and public interest since its peak of $165 USD in November 2021.

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Angela Wang

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