Over the past few months, I’ve become more and more convinced that Axie Infinity is a wealth transfer from people in richer countries to players in poorer countries. Hear me out. Because each Axie is an NFT with prices denominated in crypto-native tokens, the price appears the same to everyone buying an Axie (regardless of where they are physically located). But purchasing power differs.
Axie Infinity as a Mechanism for Wealth Transfers
Axie Infinity as a Mechanism for Wealth…
Axie Infinity as a Mechanism for Wealth Transfers
Over the past few months, I’ve become more and more convinced that Axie Infinity is a wealth transfer from people in richer countries to players in poorer countries. Hear me out. Because each Axie is an NFT with prices denominated in crypto-native tokens, the price appears the same to everyone buying an Axie (regardless of where they are physically located). But purchasing power differs.