This might seem like a good idea on the surface, but it’s not a very sustainable dynamic. For one, it favors investors not gamers. Breeding isn’t a very fun game, but it’s where most of the revenue (and incentive) for Axie players comes from. For another, it builds the in-game economy on a very shaky foundation. Once the flow of new players stops, ... See more

It’s not quite a pyramid scheme or ponzi, but it’s darn close. The only way everyone keeps making money is if other people keep putting more money into the system, which either requires more people or deeper pockets from existing people.

Anybody who wants to play Axie Infinity has to use real money to buy SLP cryptocurrency; that’s the price of admission.

The Axie protocol generates revenue by taking a 4.25% fee when players buy and sell Axie NFTs in its marketplace, and by charging fees for breeding Axies to create new ones in the form of its tokens, Axie Infinity Shards (AXS) and Smooth Love Potion (SLP).