Are Cryptocurrency Games Pyramid Schemes?
Aggressive click-bait title aside, the growth of crypto-gaming over the last six months has been nothing short of explosive. Axie Infinity is one game that has been central to this boom. At one point in July of this year (2021) they boasted more sales volume than OpenSea with almost 700 Million Dollars and upwards of 90 Thousand Ether. They now have a quarter-million daily active users and that may be an order of magnitude out of date in just a few months. How has their growth been so explosive?