Thursday, June 1, 2023

Philippines’ Axie Infinity Players’ Standard Deviation


Surpassing the overall sales of $3 billion, Axie Infinity gained an unbelievable increase in trades this year. Sky Mavis created the blockchain game Axie Infinity. But analysts at Naavik also explained that in their recent study, they have noticed a sudden fall in the daily earnings of Axie Infinity players. Naavik is a research, advisory, consulting firm. ‘Scholars’ are these players.

Many of the earnings even went below the minimum wage line of some countries. This is particular in the Philippines where most Axie Infinity scholars invest in the network. So they can earn for their daily living generally. This is due to the challenges brought about by the pandemic.

About Axie Infinity

Sky Mavis developed the blockchain game Axie Infinity in 2018. Sky Mavis’s headquarters is located in Ho Chi Minh City in Vietnam. Axie Infinity’s design is based on the Ethereum. Currently, among all the video games hosted in a distributed ledger board, it is one of the most popular. According to the recent reports from, the blockchain-based game received $3.23 billion worth of NFTs or non-fungible tokens. Sky Mavis also recently revealed that they will be launching a native decentralized exchange for Axie Infinity called Katana.

The Analysis

Lars Doucet, a Naavik researcher reported that Axie Infinity have been showing a good state of growth in this year’s first half. However, when it comes to the daily earnings of the regular players, it is significantly shrinking. Doucet, together with Aaron Bush, Anthony Pecorella, Abhimanyu Kumar, and Jimmy Stone conducted a study about gaming platforms on NFT.

The study they published discusses Axie Infinity being a provider. A provider of either “infinite opportunities” or “infinite problems” through Twitter posts and threads. In the example by Doucet, an Axie Infinity player or what is called a ‘scholar’ in the Philippines received lesser earnings after months of outstanding growth. Scholars are Axie Infinity players that could not also afford to buy a minimum of three Axies. Axies and pokemons have similarities. However, axies are NFT-based virtual creatures. Players need these creatures for them to participate in a game. Scholars loan these Axies from sponsors who also receive a portion of the earnings.

According to a survey conducted by the Naavik team, the majority of scholars who play Axie Infinity originate from low-income areas. They make “earning money” their primary reason for completing Axie Infinity daily duties and adventures, which is why people consider Axie Infinity as work rather than a game. Though the Naavik researchers do not believe this is a bad concept of the blockchain-based game. It does impact how people see Axie Infinity in comparison to other virtual games.

Jacob Yang
Jacob Yang
Jacob Yang works at Cryptoconstellation as a writer. He has been working in finance for the past 6 years. Jacob loves sharing news about the cryptocurrency world and he, himself has invested in a few. Jacob enjoys travelling and finding the best restaurants wherever he goes.

More from Crypto News Constellation

[tds_leads input_placeholder="Email address" btn_horiz_align="content-horiz-center" pp_checkbox="yes" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" msg_composer="success" display="column" gap="10" input_padd="eyJhbGwiOiIxNXB4IDEwcHgiLCJsYW5kc2NhcGUiOiIxMnB4IDhweCIsInBvcnRyYWl0IjoiMTBweCA2cHgifQ==" input_border="1" btn_text="I want in" btn_tdicon="tdc-font-tdmp tdc-font-tdmp-arrow-right" btn_icon_size="eyJhbGwiOiIxOSIsImxhbmRzY2FwZSI6IjE3IiwicG9ydHJhaXQiOiIxNSJ9" btn_icon_space="eyJhbGwiOiI1IiwicG9ydHJhaXQiOiIzIn0=" btn_radius="0" input_radius="0" f_msg_font_family="521" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_msg_font_weight="400" f_msg_font_line_height="1.4" f_input_font_family="521" f_input_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEzIiwicG9ydHJhaXQiOiIxMiJ9" f_input_font_line_height="1.2" f_btn_font_family="521" f_input_font_weight="500" f_btn_font_size="eyJhbGwiOiIxMyIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_btn_font_line_height="1.2" f_btn_font_weight="600" f_pp_font_family="521" f_pp_font_size="eyJhbGwiOiIxMiIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMSJ9" f_pp_font_line_height="1.2" pp_check_color="#000000" pp_check_color_a="#fdbf46" pp_check_color_a_h="#000000" f_btn_font_transform="uppercase" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGUiOnsibWFyZ2luLWJvdHRvbSI6IjMwIiwiZGlzcGxheSI6IiJ9LCJsYW5kc2NhcGVfbWF4X3dpZHRoIjoxMTQwLCJsYW5kc2NhcGVfbWluX3dpZHRoIjoxMDE5LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3Njh9" msg_succ_radius="0" btn_bg="#fdbf46" btn_bg_h="#dd9933" title_space="eyJwb3J0cmFpdCI6IjEyIiwibGFuZHNjYXBlIjoiMTQiLCJhbGwiOiIwIn0=" msg_space="eyJsYW5kc2NhcGUiOiIwIDAgMTJweCJ9" btn_padd="eyJsYW5kc2NhcGUiOiIxMiIsInBvcnRyYWl0IjoiMTBweCJ9" msg_padd="eyJwb3J0cmFpdCI6IjZweCAxMHB4In0=" msg_err_radius="0" f_btn_font_spacing="1" title_text="Stay Up to Date"]


Related Crypto News

Axie Infinity’s MEE6 Bot Hacked

The MEE6 bot on Axie Infinity's Main server was hacked on Wednesday, according to a recent report. The hackers...

Axie Infinity to Reimburse Lost Funds

The proprietors of Axie Infinity's Ronin Network have come out to pledge a reimbursement to the victims of...

AXS Breaks NFT Sales Records

Over the last year, AXS, an Ethereum-based video game, has continued to astound its fans. Despite a few glitches,...

Think Twice Before Buying AXS

While Axie Infinity is one of the most popular blockchain-based games, statistics suggests that more users play other...