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Sustaining a Play-to-Earn Economy - Axie Infinity - [Web3 Breakdowns, EP. 10]

Sustaining a Play-to-Earn Economy - Axie Infinity - [Web3 Breakdowns, EP. 10]

FromMaking Markets


Sustaining a Play-to-Earn Economy - Axie Infinity - [Web3 Breakdowns, EP. 10]

FromMaking Markets

ratings:
Length:
52 minutes
Released:
Feb 25, 2022
Format:
Podcast episode

Description

My guest today is Axie Infinity co-founder, Jeff "Jiho" Zirlin. The Colossus team covered the Axie origin story through Business Breakdowns in September of last year but we felt it was an ideal time to revisit the "play-to-earn" pioneer. Jiho and I cover his involvement with the Axie ecosystem including gameplay, the economic model, and creating a sidechain. Please enjoy my conversation with Jiho.
 
For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
 
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Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes.
 
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Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag 
 
Show Notes
[00:02:02] - [First question] - His history and what lead him to work on Axie Infinity
[00:05:26] - The arc of gaming and its evolution leading up to today
[00:07:12] - A high-level overview of Axie Infinity and how you play it
[00:08:21] - The size, scope, and user base of Axie today
[00:09:10] - Thoughts on onboarding and educating their player base 
[00:10:53] - What he thought Axie could become in the early days
[00:12:42] - Difficulties of creating a sustainable game with an economic structure
[00:15:26] - Why there was such huge adoption in the Philippines 
[00:16:53] - The guild’s scholarship model and endorsing Web3 literacy
[00:18:06] - Whether or not the game has always been designed to be a window into crypto
[00:19:41] - Thoughts on how Axie could impact the real world 
[00:21:37] - Why build their own chain, wallet, and ecosystem and how he’d build it today
[00:23:46] - Challenges scaling their business with their own unique ecosystem
[00:25:46] - Internal politics and user mentality around Axie and Sky Mavis
[00:26:46] - Managing and aligning user expectations and how many employees they have
[00:29:51] - Deciding which levers to pull on and which to retire for the sake of the project
[00:32:45] - Understanding how changes made positively impact Axie
[00:33:31] - Inflation and deflation cycles of in-game currency and native tokens
[00:34:24] - Changing player dynamics and public response to them
[00:35:38] - How the structure of the game rewards the builders and what having an Axie unlocks for players
[00:37:19] - Future developments, the builder program, and plans for the future
[00:39:01] - Why play-to-earn is different than play-and-earn gaming
[00:40:55] - How Ronin works and unique characteristics compared to other L2 chains
[00:49:55] - When we may see another game developer build on Ronin
[00:50:36] - What he’s most excited to see built over the next six months and six years
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Released:
Feb 25, 2022
Format:
Podcast episode

Titles in the series (100)

Making Markets explores the psychology and structure that make up markets all over the world. Each week, Eric Golden speaks to experts about a different market so you can see what actually happens when money changes hands. From mainstream stock and bond markets to esoteric niches like vineyards, antique art, and crypto, we explain the transactions that underpin our economy. Visit joincolossus.com to find more episodes, transcripts and a library of content to continue your learning.