Digital Native | Rex Woodbury | Substack

The Axie Universe has a self-contained economy. Players can buy and sell digital goods. For example, players can buy and sell Axie (the Pokemon-esque creatures). This economy is built around two cryptocurrencies: AXS and SLP.

Axie’s economy has an inflation problem (much like our real-world economy!), as more players are cashing out than are putting money into the game. With such nuanced economies, it’s easy for things to quickly fall out of whack.

Scores of people in the Philippines and Vietnam have quit their jobs and make a better living playing Axie for hours every day. They earn Smooth Love Potion (SLP), a token earned through Axie gameplay that can be exchanged for fiat, which in turn can be used to pay for food, shelter, medical bills, and all of the other things needed to survive.