Axie isn’t just building a game; it’s building the web3 aggregator, and backwards integrating to own as much of the value chain as possible.

Secondly, utilizing existing IRL communities and porting them over to Web3.  Lastly, utilizing crypto-native innovations that have P2P potential, like Martingale Shares.

“The problem with play-to-earn blockchain games is that they're very zero-sum. At the end of the day, you're only playing the game to benefit the game economy, versus the entire ecosystem.

The more interesting opportunity lies with “community owned games” – where enterprise value is not monopolized by equity holders of a studio but funneled entirely to holders of the community token. It will be very difficult for existing game studios to morph into community-owned ones – for the same reason that Epic can’t just dissolve and “convert”... See more