Sustaining a Play-to-Earn Economy - Axie Infinity

I think anyone who's ever tried to use a bank these days knows that there's a lot of room for improvement in the current paradigms. People don't own their stuff on the Internet. People don't own their money. If you talk to the people who created the Internet, they're all investing in web3. Why? Because they didn't know how to solve this problem when they launched the Internet.

Just like we should own our data, we should also own the game characters; we should own the in-game resources; we should be able to, as gamers, even own parts of the games that we're using. And I think that's a big part of the ethos of web3 is products should be owned by the communities that use them.

We believe that web3 is going to change the world. We believe that crypto is going to change the world. And by being that first gateway into this entire new universe for players, we think that we're changing their lives.

If you play Axie, you're going to be one of the first few million people to actually, actually interact with web3. You're way ahead of the curve. Think of the people who used email in the 1980s. It probably helped them out, opened up a lot of opportunities.

In Axie Infinity, everything is tokenized—from the game characters to the items, the land. There are even tokens that represent ownership of the game itself.

We've done $3.8 billion of NFT volume. That makes Axie the number one NFT collection of all time.

No game has ever scaled to billions of people. Why? Because game development has not been hyper-scalable before, but now, maybe it can be.

I knew, from an early age, that gaming is a great way to demo and test out new technologies.

We've had digital economies for a long time. They've just been more authoritarian, and the tax rates have been approaching 100%.