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Axie Infinity - Wikipedia

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class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Further_reading" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Further_reading"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>Further reading</span> </div> </a> <ul id="toc-Further_reading-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div id="vector-page-titlebar-toc" class="vector-dropdown vector-page-titlebar-toc vector-button-flush-left" > <input type="checkbox" id="vector-page-titlebar-toc-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-vector-page-titlebar-toc" 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mw-list-item"><a href="https://ca.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – Catalan" lang="ca" hreflang="ca" data-title="Axie Infinity" data-language-autonym="Català" data-language-local-name="Catalan" class="interlanguage-link-target"><span>Català</span></a></li><li class="interlanguage-link interwiki-de mw-list-item"><a href="https://de.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – German" lang="de" hreflang="de" data-title="Axie Infinity" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – Spanish" lang="es" hreflang="es" data-title="Axie Infinity" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%A7%DA%A9%D8%B3%DB%8C_%D8%A7%DB%8C%D9%86%D9%81%DB%8C%D9%86%DB%8C%D8%AA%DB%8C" title="اکسی اینفینیتی – Persian" lang="fa" hreflang="fa" data-title="اکسی اینفینیتی" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – French" lang="fr" hreflang="fr" data-title="Axie Infinity" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – Italian" lang="it" hreflang="it" data-title="Axie Infinity" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – Japanese" lang="ja" hreflang="ja" data-title="Axie Infinity" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – Portuguese" lang="pt" hreflang="pt" data-title="Axie Infinity" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/Axie_Infinity" title="Axie Infinity – Russian" lang="ru" hreflang="ru" data-title="Axie Infinity" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li 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game</div><style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1117680521">.mw-parser-output .ib-video-game .infobox-label{white-space:nowrap;padding-right:0.65em}.mw-parser-output .ib-video-game .infobox-above{font-style:italic}</style><table class="infobox ib-video-game hproduct"><tbody><tr><th colspan="2" class="infobox-above fn">Axie Infinity</th></tr><tr><td colspan="2" class="infobox-image"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:AxieInfinity_cover.png" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/d/d7/AxieInfinity_cover.png/220px-AxieInfinity_cover.png" decoding="async" width="220" height="294" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/d/d7/AxieInfinity_cover.png 1.5x" data-file-width="273" data-file-height="365" /></a></span></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Video_game_developer" title="Video game developer">Developer(s)</a></th><td class="infobox-data"><a href="/w/index.php?title=Sky_Mavis&amp;action=edit&amp;redlink=1" class="new" title="Sky Mavis (page does not exist)">Sky Mavis</a></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Game_engine" title="Game engine">Engine</a></th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"><ul><li><a href="/wiki/Unity_(game_engine)" title="Unity (game engine)">Unity</a>&#160;<span class="penicon autoconfirmed-show"><span class="mw-valign-text-top" typeof="mw:File/Frameless"><a href="https://www.wikidata.org/wiki/Q94653118?uselang=en#P408" title="Edit this on Wikidata"><img alt="Edit this on Wikidata" src="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/10px-OOjs_UI_icon_edit-ltr-progressive.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/15px-OOjs_UI_icon_edit-ltr-progressive.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/8/8a/OOjs_UI_icon_edit-ltr-progressive.svg/20px-OOjs_UI_icon_edit-ltr-progressive.svg.png 2x" data-file-width="20" data-file-height="20" /></a></span></span></li></ul></div></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Computing_platform" title="Computing platform">Platform(s)</a></th><td class="infobox-data"><a href="/wiki/Microsoft_Windows" title="Microsoft Windows">Windows</a><br /><a href="/wiki/Android_(operating_system)" title="Android (operating system)">Android</a><br /><a href="/wiki/MacOS" title="MacOS">macOS</a><br /><a href="/wiki/IOS" title="IOS">iOS</a></td></tr><tr><th scope="row" class="infobox-label">Release</th><td class="infobox-data">March 2018</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Video_game_genre" title="Video game genre">Genre(s)</a></th><td class="infobox-data"><a href="/wiki/Non-fungible_token" title="Non-fungible token">NFT</a><br /><a href="/wiki/Online_game" title="Online game">Online game</a><br /><a href="/wiki/Strategy_game" title="Strategy game">Strategy game</a></td></tr><tr><th scope="row" class="infobox-label">Mode(s)</th><td class="infobox-data"><a href="/wiki/Single_player" class="mw-redirect" title="Single player">Single player</a>, <a href="/wiki/Player_versus_player" title="Player versus player">PvP</a></td></tr></tbody></table> <p><i><b>Axie Infinity</b></i> is a <a href="/wiki/Blockchain_game" title="Blockchain game">blockchain game</a> developed by <a href="/wiki/Vietnam" title="Vietnam">Vietnamese</a> studio <a href="/w/index.php?title=Sky_Mavis&amp;action=edit&amp;redlink=1" class="new" title="Sky Mavis (page does not exist)">Sky Mavis</a>,<sup id="cite_ref-techinasia_1-0" class="reference"><a href="#cite_note-techinasia-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup> known for its in-game economy<sup id="cite_ref-Kruppa_=_2-0" class="reference"><a href="#cite_note-Kruppa_=-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> which uses <a href="/wiki/Ethereum" title="Ethereum">Ethereum</a>-based cryptocurrencies.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup> It has been called 'a pyramid scheme that relies on cheap labor from countries like the <a href="/wiki/Philippines" title="Philippines">Philippines</a> to fuel its growth.'<sup id="cite_ref-Gach_4-0" class="reference"><a href="#cite_note-Gach-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> </p><p>Players collect and mint <a href="/wiki/Non-fungible_token" title="Non-fungible token">non-fungible tokens</a> (NFTs) which represent <a href="/wiki/Axolotl" title="Axolotl">axolotl</a>-inspired <a href="/wiki/Digital_pet" class="mw-redirect" title="Digital pet">digital pets</a> known as Axies.<sup id="cite_ref-meteoric_5-0" class="reference"><a href="#cite_note-meteoric-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup> These creatures can be bred and battled with each other within the game.<sup id="cite_ref-Delic_6-0" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> Sky Mavis charges a 4.25% fee to players when they trade Axies on its marketplace.<sup id="cite_ref-meteoric_5-1" class="reference"><a href="#cite_note-meteoric-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup> </p><p><i>Axie Infinity</i> is built on the Ronin Network, an Ethereum-linked <a href="/wiki/Sidechain_(ledger)" class="mw-redirect" title="Sidechain (ledger)">sidechain</a> developed by Sky Mavis. The game's official cryptocurrency is "Axie Infinity Shards/Token" or AXS for short.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> The game's secondary token, SLP, <a href="/wiki/Market_crash" class="mw-redirect" title="Market crash">crashed</a> in February 2022 amid a wider <a href="/wiki/Cryptocurrency_bubble#2021–2023_crash" title="Cryptocurrency bubble">NFT and cryptocurrency crash</a>, losing over 99% of its peak value.<sup id="cite_ref-Ongweso_Jr._9-0" class="reference"><a href="#cite_note-Ongweso_Jr.-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> In March 2022, hackers compromised the Ronin Network, stealing approximately US$620 million worth of cryptocurrency from the project.<sup id="cite_ref-Sigalos_10-0" class="reference"><a href="#cite_note-Sigalos-10"><span class="cite-bracket">&#91;</span>10<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Takahashi_hackers_11-0" class="reference"><a href="#cite_note-Takahashi_hackers-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Hollerith_12-0" class="reference"><a href="#cite_note-Hollerith-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Kharif_13-0" class="reference"><a href="#cite_note-Kharif-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup> The hackers were linked to <a href="/wiki/Lazarus_Group" title="Lazarus Group">Lazarus Group</a>, funded by North Korea.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Gameplay">Gameplay</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=1" title="Edit section: Gameplay"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>According to the company's website, <i>Axie Infinity</i> is a competitive game with an "<a href="/wiki/Idle_game" class="mw-redirect" title="Idle game">idle battle</a>" system derived from games like <i><a href="/wiki/Final_Fantasy_Tactics" title="Final Fantasy Tactics">Final Fantasy Tactics</a></i> and <i>Idle Heroes</i>.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">&#91;</span>15<span class="cite-bracket">&#93;</span></a></sup> The game's setting is filled with creatures called Axies that players can collect as pets. Players aim to battle, breed, collect, raise, and build kingdoms for their Axies. The game has an in-game economy where players can buy, sell, and trade resources they earn in the game.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">&#91;</span>16<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sky Mavis marketed the game with a <a href="/wiki/Play-to-earn" class="mw-redirect" title="Play-to-earn">play-to-earn</a> model (also called "pay-to-play-to-earn" model) where after participants pay the starting costs, they can earn an <a href="/wiki/Ethereum" title="Ethereum">Ethereum</a>-based in-game cryptocurrency by playing. <i>Axie Infinity</i> allows users to cash-out their tokens every fourteen days.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (November 2023)">citation needed</span></a></i>&#93;</sup> This model has been described as a form of <a href="/wiki/Gambling" title="Gambling">gambling</a>,<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">&#91;</span>17<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">&#91;</span>18<span class="cite-bracket">&#93;</span></a></sup> and one with an unstable market that is overly reliant on the inflow of new players.<sup id="cite_ref-Kruppa_=_2-1" class="reference"><a href="#cite_note-Kruppa_=-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> </p><p>In February 2020, Sky Mavis estimated that a new player would need to spend around US$400 to meet this starting requirement.<sup id="cite_ref-techinasia_1-1" class="reference"><a href="#cite_note-techinasia-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup> By August 2020, the cheapest Axie cost approximately US$307, although reports as of March 2022 suggest the floor price of an Axie has dipped to around US$20.<sup id="cite_ref-philippines_19-0" class="reference"><a href="#cite_note-philippines-19"><span class="cite-bracket">&#91;</span>19<span class="cite-bracket">&#93;</span></a></sup> </p><p>As of June 2021, some people in the Philippines had begun to treat the game as their main source of income,<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup> although earning rates from playing <i>Axie Infinity</i> fell below the national minimum wage by September 2021. The Philippine <a href="/wiki/Department_of_Finance_(Philippines)" title="Department of Finance (Philippines)">Department of Finance</a> also clarified that income from playing <i>Axie Infinity</i> is taxable, and suggested that the <a href="/wiki/Securities_and_Exchange_Commission_(Philippines)" title="Securities and Exchange Commission (Philippines)">SEC</a> and <a href="/wiki/Bangko_Sentral_ng_Pilipinas" title="Bangko Sentral ng Pilipinas">BSP</a> may classify its cryptocurrency as a <a href="/wiki/Currency" title="Currency">currency</a> or a <a href="/wiki/Security_(finance)" title="Security (finance)">security</a>.<sup id="cite_ref-de_Vera_21-0" class="reference"><a href="#cite_note-de_Vera-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup> </p><p>Players of <i>Axie Infinity</i> can also purchase virtual land and other in-game assets as NFTs. The record sale of a plot of virtual land was priced at US$2.3 million, as of 25 November 2021.<sup id="cite_ref-22" class="reference"><a href="#cite_note-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup> Gameplay related to purchased virtual land was intended to be introduced by 2020, but this has been pushed back twice as of April 2022. The delays have prompted complaints from users coinciding with a sharp decline in the profitability of the in-game economy.<sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">&#91;</span>23<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Gach_4-1" class="reference"><a href="#cite_note-Gach-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Development_and_history">Development and history</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=2" title="Edit section: Development and history"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Development of <i>Axie Infinity</i> started in 2017, led by its <a href="/wiki/Co-founder" class="mw-redirect" title="Co-founder">co-founder</a> and <a href="/wiki/Chief_executive_officer" title="Chief executive officer">CEO</a>, Nguyen Thanh Trung, alongside Tu Doan, Aleksander Larsen, Jeffrey Zirlin, and Andy Ho.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">&#91;</span>24<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Brustein_25-0" class="reference"><a href="#cite_note-Brustein-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup> Nguyen had previously spent money on the game <i><a href="/wiki/CryptoKitties" title="CryptoKitties">CryptoKitties</a></i> before he began work on his own blockchain-based game, combining elements of <i>CryptoKitties</i> with gameplay from the <i><a href="/wiki/Pok%C3%A9mon" title="Pokémon">Pokémon</a></i> series or <i><a href="/wiki/Neopets" title="Neopets">Neopets</a></i>.<sup id="cite_ref-Brustein_25-1" class="reference"><a href="#cite_note-Brustein-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">&#91;</span>26<span class="cite-bracket">&#93;</span></a></sup> </p><p>In October 2018, the development team released <i>Axie Infinity's</i> first battle system. Development of the real-time card battle system and application commenced in March 2019, and an alpha was released in December 2019.<sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">&#91;</span>27<span class="cite-bracket">&#93;</span></a></sup> </p><p>Sky Mavis launched Ronin wallet in February 2021, which in addition to speeding up transactions and eliminating expensive <a href="/wiki/Gas_fees_(cryptocurrency)" class="mw-redirect" title="Gas fees (cryptocurrency)">gas fees</a> for gamers offers the opportunity to play <i>Axie Infinity</i> or any other dApp that run on the Ronin sidechain.<sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">&#91;</span>28<span class="cite-bracket">&#93;</span></a></sup> According to data published on <a href="/wiki/Statista" title="Statista">Statista</a>, in 2022 around 40% of <i>Axie Infinity</i> players were from the Philippines.<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">&#91;</span>29<span class="cite-bracket">&#93;</span></a></sup><sup class="noprint Inline-Template noprint noexcerpt Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:NOTRS" class="mw-redirect" title="Wikipedia:NOTRS"><span title="Statista aggregates statistics from other sources, only some of which are reliable. If these statistics are accurate, cite the original source. (November 2023)">better&#160;source&#160;needed</span></a></i>&#93;</sup> </p><p>While the project had generated <a href="/wiki/United_States_dollar" title="United States dollar">US$</a>21 million in the first two to three years since its inception, it raised $485 million between July and August 2021 alone.<sup id="cite_ref-Servando_30-0" class="reference"><a href="#cite_note-Servando-30"><span class="cite-bracket">&#91;</span>30<span class="cite-bracket">&#93;</span></a></sup> </p><p>The value of the game's associated token, Smooth Love Potion (SLP) (formerly known as Small Love Potion by the community), <a href="/wiki/Market_crash" class="mw-redirect" title="Market crash">crashed</a> in February 2022 amid a wider <a href="/wiki/Cryptocurrency_bubble#2021–2023_crash" title="Cryptocurrency bubble">NFT and cryptocurrency crash</a>, losing over 99% of its peak value. Sky Mavis attempted to stabilize the price by introducing new features to the game, but these attempts were ineffective. The low exchange value of SLP has caused a massive exodus of players, leaving guild leaders without their cheap third-world labor force to grind on their behalf.<sup id="cite_ref-Ongweso_Jr._9-1" class="reference"><a href="#cite_note-Ongweso_Jr.-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> Sky Mavis removed references to "play-to-earn" on its websites and marketing as its tokens plummeted in value.<sup id="cite_ref-Brustein_25-2" class="reference"><a href="#cite_note-Brustein-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup> </p><p><span class="anchor" id="Hack"></span>On 23 March 2022, hackers compromised the Ronin Network, stealing approximately US$620 million in <a href="/wiki/Ethereum" title="Ethereum">Ether</a> and <a href="/wiki/USD_Coin" title="USD Coin">USDC</a>.<sup id="cite_ref-Sigalos_10-1" class="reference"><a href="#cite_note-Sigalos-10"><span class="cite-bracket">&#91;</span>10<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Takahashi_hackers_11-1" class="reference"><a href="#cite_note-Takahashi_hackers-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Hollerith_12-1" class="reference"><a href="#cite_note-Hollerith-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup> A total of 173,600 Ether and 25.5 million USDC tokens were stolen in two transactions.<sup id="cite_ref-Kharif_13-1" class="reference"><a href="#cite_note-Kharif-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup> It took the company six days to notice the hack.<sup id="cite_ref-Kharif_13-2" class="reference"><a href="#cite_note-Kharif-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup> As of May 2023<sup class="plainlinks noexcerpt noprint asof-tag update" style="display:none;"><a class="external text" href="https://en.wikipedia.org/w/index.php?title=Axie_Infinity&amp;action=edit">&#91;update&#93;</a></sup>, the hack is the largest breach in the cryptocurrency sector by dollar value.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">&#91;</span>31<span class="cite-bracket">&#93;</span></a></sup> It further damaged the value of SLP.<sup id="cite_ref-Ongweso_Jr._9-2" class="reference"><a href="#cite_note-Ongweso_Jr.-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> On 8 April 2022, Sky Mavis said it expected it would be able to recover some of the funds, but it would take several years.<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">&#91;</span>32<span class="cite-bracket">&#93;</span></a></sup> The company raised additional venture capital and reimbursed all users affected in the hack.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">&#91;</span>33<span class="cite-bracket">&#93;</span></a></sup> On 14 April 2022, the <a href="/wiki/Federal_Bureau_of_Investigation" title="Federal Bureau of Investigation">FBI</a> issued a statement that the <a href="/wiki/Lazarus_Group" title="Lazarus Group">Lazarus Group</a> and APT38, which are <a href="/wiki/North_Korea" title="North Korea">North Korean</a> state-sponsored hacker groups, were responsible for the theft.<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">&#91;</span>34<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Novak_35-0" class="reference"><a href="#cite_note-Novak-35"><span class="cite-bracket">&#91;</span>35<span class="cite-bracket">&#93;</span></a></sup> Accordingly, the US Treasury has <a href="/wiki/Sanctions_against_North_Korea" class="mw-redirect" title="Sanctions against North Korea">sanctioned</a> the cryptocurrency address. Some of the cryptocurrency has been laundered through a <a href="/wiki/Cryptocurrency_tumbler" title="Cryptocurrency tumbler">cryptocurrency tumbler</a> known as "<a href="/wiki/Tornado_Cash" title="Tornado Cash">Tornado Cash</a>".<sup id="cite_ref-Novak_35-1" class="reference"><a href="#cite_note-Novak-35"><span class="cite-bracket">&#91;</span>35<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Gach_4-2" class="reference"><a href="#cite_note-Gach-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> </p><p>According to an April 2023 report from <i><a href="/wiki/Reuters" title="Reuters">Reuters</a></i>, the price of <i>Axie Infinity's</i> cryptocurrency token had fallen by 99% from its all-time-high in February 2022, coinciding with the <a href="/wiki/Cryptocurrency_bubble#2021–2023_crash" title="Cryptocurrency bubble">2021–2023 cryptocurrency crash</a>. This crash led to decline of average daily players from a high of 2.7 million to approximately 250,000.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">&#91;</span>36<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="As_a_source_of_income_in_the_Philippines">As a source of income in the Philippines</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=3" title="Edit section: As a source of income in the Philippines"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Starting around August 2020, during the <a href="/wiki/COVID-19_pandemic_in_the_Philippines" title="COVID-19 pandemic in the Philippines">COVID-19 pandemic in the Philippines</a>, <i>Axie Infinity</i> was becoming a source of income in the country.<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">&#91;</span>37<span class="cite-bracket">&#93;</span></a></sup> The cryptocurrency's volatility strongly effected the game's viability as a source of income. By July 2021, during a high-point in the cost of the game's cryptocurrency, some full-time users of the app in the Philippines were making significantly more than the national monthly average, but by April 3, 2022, the price of the cryptocurrency had dropped by 94%.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">&#91;</span>38<span class="cite-bracket">&#93;</span></a></sup> </p><p>The game's popularity in the country stemmed from the economic hardship caused by the pandemic, during which many residents lost their original source of income.<sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">&#91;</span>39<span class="cite-bracket">&#93;</span></a></sup> The main motivation behind playing the game was primarily to receive approximately the same amount of income within a few hours a day as with full-time employment.<sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">&#91;</span>40<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-Delic_6-1" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> </p><p>In the Philippines, the prohibitive cost of entry led to both individuals and <a href="/wiki/Clan_(video_games)" title="Clan (video games)">gaming guilds</a> renting out assets to allow new players to meet the minimum requirements.<sup id="cite_ref-philippines_19-1" class="reference"><a href="#cite_note-philippines-19"><span class="cite-bracket">&#91;</span>19<span class="cite-bracket">&#93;</span></a></sup> These new players, known as "scholars", are often required to meet a quota of in-game earning to continue using the rented assets, and must pay the owners a commission. These commissions vary greatly but can be as high as 75%.<sup id="cite_ref-hack_41-0" class="reference"><a href="#cite_note-hack-41"><span class="cite-bracket">&#91;</span>41<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">&#91;</span>42<span class="cite-bracket">&#93;</span></a></sup> The resulting dependency of lower-income individuals has been described as potentially exploitative, lacking in safeguards, and has often been compared to <a href="/wiki/Gold_farming" title="Gold farming">gold farming</a>.<sup id="cite_ref-Delic_6-2" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> </p><p>The Philippine <a href="/wiki/Department_of_Finance_(Philippines)" title="Department of Finance (Philippines)">Department of Finance</a> clarified that income from playing <i>Axie Infinity</i> is taxable, and suggested that the <a href="/wiki/Securities_and_Exchange_Commission_(Philippines)" title="Securities and Exchange Commission (Philippines)">SEC</a> and <a href="/wiki/Bangko_Sentral_ng_Pilipinas" title="Bangko Sentral ng Pilipinas">BSP</a> may classify its cryptocurrency as a <a href="/wiki/Currency" title="Currency">currency</a> or a <a href="/wiki/Security_(finance)" title="Security (finance)">security</a>.<sup id="cite_ref-de_Vera_21-1" class="reference"><a href="#cite_note-de_Vera-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Limitations_and_associated_risks">Limitations and associated risks</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=4" title="Edit section: Limitations and associated risks"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Academics and journalists have pointed out risks associated with playing the game as well as limitations of it, focusing primarily on the game's high financial barrier to entry, questions about the project's long-term durability, including accusations of a <a href="/wiki/Ponzi_scheme" title="Ponzi scheme">ponzi</a> or <a href="/wiki/Pyramid_scheme" title="Pyramid scheme">pyramid scheme</a>, as well as possible negative effects of the game on the players' mental health. </p> <div class="mw-heading mw-heading3"><h3 id="High_barrier_to_entry_limiting_availability">High barrier to entry limiting availability</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=5" title="Edit section: High barrier to entry limiting availability"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In order to play <i>Axie Infinity</i> one needs to purchase at least three Axies in the form of NFTs for the price of several hundred dollars at the peak of the project. Access to the game may, depending on the market situation, be tied to a significantly higher price than traditional video games, the price of which is usually limited to less than <a href="/wiki/United_States_dollar" title="United States dollar">US$</a>100.<sup id="cite_ref-Servando_30-1" class="reference"><a href="#cite_note-Servando-30"><span class="cite-bracket">&#91;</span>30<span class="cite-bracket">&#93;</span></a></sup> According to Delic and Delfabbro (2022) in the <i>International Journal of Mental Health and Addiction</i>, the <a href="/wiki/Video_game_monetization" title="Video game monetization">monetization</a> of such games prioritizes a player's financial capacities over their actual skill, thus increasingly excluding individuals of lesser means from playing the game:<sup id="cite_ref-Delic_6-3" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> </p> <style data-mw-deduplicate="TemplateStyles:r1244412712">.mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 32px}.mw-parser-output .templatequotecite{line-height:1.5em;text-align:left;margin-top:0}@media(min-width:500px){.mw-parser-output .templatequotecite{padding-left:1.6em}}</style><blockquote class="templatequote"><p>(...) when players can pay money to improve their in-game performance, skilled play may no longer be the sole determinant of player success. It also means that income and affordability could potentially advantage wealthier players and make the game less accessible to lower income groups.</p><div class="templatequotecite">—&#8202;<cite>Amelia Delic and Paul Delfabbro, Profiling the Potential Risks and Benefits of Emerging “Play to Earn” Games: a Qualitative Analysis of Players’ Experiences with Axie Infinity, <sup id="cite_ref-Delic_6-4" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup></cite></div></blockquote> <p>The earlier an individual invests in and starts to play the game to more of an advantage that person has over those who have started at a later date, since the chances of high winnings become smaller the later one enters the game.<sup id="cite_ref-Delfabbro_43-0" class="reference"><a href="#cite_note-Delfabbro-43"><span class="cite-bracket">&#91;</span>43<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Sustainability_of_the_project">Sustainability of the project</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=6" title="Edit section: Sustainability of the project"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Researchers have questioned the game's longevity,<sup id="cite_ref-Delfabbro_43-1" class="reference"><a href="#cite_note-Delfabbro-43"><span class="cite-bracket">&#91;</span>43<span class="cite-bracket">&#93;</span></a></sup> as there have been repeated accusations that <i>Axie Infinity</i> is a <a href="/wiki/Ponzi_scheme" title="Ponzi scheme">Ponzi</a> or <a href="/wiki/Pyramid_scheme" title="Pyramid scheme">pyramid scheme</a>. Per this accusation, <i>Axie Infinity</i> lacks long-term economic durability since it has to rely on players continuing to invest in the game. The in-game economy depends on the existing number of actively involved players:<sup id="cite_ref-Delfabbro_43-2" class="reference"><a href="#cite_note-Delfabbro-43"><span class="cite-bracket">&#91;</span>43<span class="cite-bracket">&#93;</span></a></sup> </p> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1244412712"><blockquote class="templatequote"><p>Like the majority of P2E models, [<i>Axie Infinity</i>] relies on players financial input/output to regulate the value of the in-game currency. In other words, the games &#32;&#91;<i><a href="/wiki/Sic" title="Sic">sic</a></i>&#93; economy is influenced by the number of players investing into [<i>Axie Infinity</i>] (...)</p><div class="templatequotecite">—&#8202;<cite>Paul Delfabbro et al., Understanding the mechanics and consumer risks associated with play-to-earn (P2E) gaming, <sup id="cite_ref-Delfabbro_43-3" class="reference"><a href="#cite_note-Delfabbro-43"><span class="cite-bracket">&#91;</span>43<span class="cite-bracket">&#93;</span></a></sup></cite></div></blockquote> <p><i>Axie Infinity's</i> basic economic design has been described as a <a href="/wiki/Speculative_bubble" class="mw-redirect" title="Speculative bubble">speculative bubble</a> since the game creates a <a href="/wiki/Gig_economy" title="Gig economy">gig economy</a> where they have to invest more and more to make a profit.<sup id="cite_ref-Mannweiler_44-0" class="reference"><a href="#cite_note-Mannweiler-44"><span class="cite-bracket">&#91;</span>44<span class="cite-bracket">&#93;</span></a></sup> <a href="/wiki/Andreas_Hackethal" title="Andreas Hackethal">Andreas Hackethal</a> of the <a href="/wiki/Goethe_Business_School" title="Goethe Business School">Goethe Business School</a> has referred to the concept as <a href="/wiki/Pump_and_dump" title="Pump and dump">pump and dump</a>, maintaining that players are only willing to spend money and time playing the game because of their hope that the prices will increase and speaking of a <i>pay-to-earn</i> rather than <i>play-to-earn</i> game.<sup id="cite_ref-Mannweiler_44-1" class="reference"><a href="#cite_note-Mannweiler-44"><span class="cite-bracket">&#91;</span>44<span class="cite-bracket">&#93;</span></a></sup> Bernd Richter of <a href="/wiki/Fidelity_National_Information_Services" class="mw-redirect" title="Fidelity National Information Services">Fidelity National Information Services</a> considers the game a pyramid scheme.<sup id="cite_ref-Mannweiler_44-2" class="reference"><a href="#cite_note-Mannweiler-44"><span class="cite-bracket">&#91;</span>44<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Potential_negative_psychological_effects">Potential negative psychological effects</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=7" title="Edit section: Potential negative psychological effects"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Games like <i>Axie Infinity</i> are often associated with psychological problems on the part of their players.<sup id="cite_ref-Delic_6-5" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> In this context the main point of argument is the suspicion that players might play the game primarily for monetary reasons rather than for the purpose of entertainment: The <a href="/wiki/Extrinsic" class="mw-redirect" title="Extrinsic">extrinsic</a> motivation to play outweighs the pure entertainment factor.<sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">&#91;</span>45<span class="cite-bracket">&#93;</span></a></sup> According to critics,<sup class="noprint Inline-Template" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Neutral_point_of_view" title="Wikipedia:Neutral point of view"><span title="This statement is possibly biased. (November 2023)">neutrality</span></a>&#32;is <a href="/wiki/Talk:Axie_Infinity" title="Talk:Axie Infinity">disputed</a></i>&#93;</sup> this leads to a <a href="/wiki/Escalation_of_commitment" title="Escalation of commitment">sunk-cost-fallacy</a> where players primarily play the game due to the fact that they have already invested a lot of money and time into it.<sup id="cite_ref-Delic_6-6" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> Furthermore, the combination of <a href="/wiki/Financial_speculation" class="mw-redirect" title="Financial speculation">financial speculation</a> and a video game is said to potentially worsen the condition of gambling addicts involved in the game.<sup id="cite_ref-Delic_6-7" class="reference"><a href="#cite_note-Delic-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=8" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Blockchain" title="Blockchain">Blockchain</a></li> <li><a href="/wiki/Blockchain_game" title="Blockchain game">Blockchain game</a></li> <li><a href="/wiki/Decentralized_application" title="Decentralized application">Decentralized application</a></li> <li><a href="/wiki/Non-fungible_token" title="Non-fungible token">Non-fungible token</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=9" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-techinasia-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-techinasia_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-techinasia_1-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite id="CITEREFHuong_Le2020" class="citation web cs1">Huong Le (21 February 2020). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.techinasia.com/vietnamese-developer-axie-infinity">"Meet the Vietnamese developer behind blockchain game Axie Infinity"</a></span>. <i>Tech in Asia</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211110004332/https://www.techinasia.com/vietnamese-developer-axie-infinity">Archived</a> from the original on 10 November 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">11 August</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Tech+in+Asia&amp;rft.atitle=Meet+the+Vietnamese+developer+behind+blockchain+game+Axie+Infinity&amp;rft.date=2020-02-21&amp;rft.au=Huong+Le&amp;rft_id=https%3A%2F%2Fwww.techinasia.com%2Fvietnamese-developer-axie-infinity&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Kruppa_=-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-Kruppa_=_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Kruppa_=_2-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKruppaBradshaw2021" class="citation web cs1">Kruppa, Miles; Bradshaw, Tim (26 November 2021). <span class="id-lock-subscription" title="Paid subscription required"><a rel="nofollow" class="external text" href="https://www.ft.com/content/b0c49d6f-a06a-4def-8469-45ad009ac13c">"Crypto's hottest game is facing an economic maelstrom"</a></span>. <i>Financial Times</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220717120922/https://www.ft.com/content/b0c49d6f-a06a-4def-8469-45ad009ac13c">Archived</a> from the original on 17 July 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">11 December</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Financial+Times&amp;rft.atitle=Crypto%27s+hottest+game+is+facing+an+economic+maelstrom&amp;rft.date=2021-11-26&amp;rft.aulast=Kruppa&amp;rft.aufirst=Miles&amp;rft.au=Bradshaw%2C+Tim&amp;rft_id=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fb0c49d6f-a06a-4def-8469-45ad009ac13c&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGonzales2021" class="citation news cs1">Gonzales, Gelo (23 August 2021). <a rel="nofollow" class="external text" href="https://www.rappler.com/technology/gaming/things-to-know-axie-infinity/">"What is 'Axie Infinity' and how is it different from traditional video games?"</a>. <i><a href="/wiki/Rappler" title="Rappler">Rappler</a></i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220628233105/https://www.rappler.com/technology/gaming/things-to-know-axie-infinity/">Archived</a> from the original on 28 June 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">11 December</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Rappler&amp;rft.atitle=What+is+%27Axie+Infinity%27+and+how+is+it+different+from+traditional+video+games%3F&amp;rft.date=2021-08-23&amp;rft.aulast=Gonzales&amp;rft.aufirst=Gelo&amp;rft_id=https%3A%2F%2Fwww.rappler.com%2Ftechnology%2Fgaming%2Fthings-to-know-axie-infinity%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Gach-4"><span class="mw-cite-backlink">^ <a href="#cite_ref-Gach_4-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Gach_4-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Gach_4-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFGach2022" class="citation news cs1">Gach, Ethan (16 April 2022). <a rel="nofollow" class="external text" href="https://kotaku.com/axie-infinity-nft-crypto-hack-landlord-scholar-pokemon-1848800557">"Crypto Gaming 'Landlords' Upset They Can't Keep Exploiting All The Players Quitting"</a>. <i>Kotaku</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220713162638/https://kotaku.com/axie-infinity-nft-crypto-hack-landlord-scholar-pokemon-1848800557">Archived</a> from the original on 13 July 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">17 April</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Kotaku&amp;rft.atitle=Crypto+Gaming+%27Landlords%27+Upset+They+Can%27t+Keep+Exploiting+All+The+Players+Quitting&amp;rft.date=2022-04-16&amp;rft.aulast=Gach&amp;rft.aufirst=Ethan&amp;rft_id=https%3A%2F%2Fkotaku.com%2Faxie-infinity-nft-crypto-hack-landlord-scholar-pokemon-1848800557&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-meteoric-5"><span class="mw-cite-backlink">^ <a href="#cite_ref-meteoric_5-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-meteoric_5-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://kr-asia.com/what-does-axie-infinitys-meteoric-rise-tell-us-about-the-play-to-earn-game-industry">"What does Axie Infinity's meteoric rise tell us about the play-to-earn game industry?"</a>. <i>KrASIA</i>. 10 August 2021. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220203132359/https://kr-asia.com/what-does-axie-infinitys-meteoric-rise-tell-us-about-the-play-to-earn-game-industry">Archived</a> from the original on 3 February 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">30 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=KrASIA&amp;rft.atitle=What+does+Axie+Infinity%27s+meteoric+rise+tell+us+about+the+play-to-earn+game+industry%3F&amp;rft.date=2021-08-10&amp;rft_id=https%3A%2F%2Fkr-asia.com%2Fwhat-does-axie-infinitys-meteoric-rise-tell-us-about-the-play-to-earn-game-industry&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Delic-6"><span class="mw-cite-backlink">^ <a href="#cite_ref-Delic_6-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Delic_6-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Delic_6-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-Delic_6-3"><sup><i><b>d</b></i></sup></a> <a href="#cite_ref-Delic_6-4"><sup><i><b>e</b></i></sup></a> <a href="#cite_ref-Delic_6-5"><sup><i><b>f</b></i></sup></a> <a href="#cite_ref-Delic_6-6"><sup><i><b>g</b></i></sup></a> <a href="#cite_ref-Delic_6-7"><sup><i><b>h</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDelicDelfabbro2022" class="citation journal cs1">Delic, Amelia J.; Delfabbro, Paul H. (2022). <a rel="nofollow" class="external text" href="https://doi.org/10.1007%2Fs11469-022-00894-y">"Profiling the Potential Risks and Benefits of Emerging "Play to Earn" Games: a Qualitative Analysis of Players' Experiences with Axie Infinity"</a>. <i>International Journal of Mental Health and Addiction</i>. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://doi.org/10.1007%2Fs11469-022-00894-y">10.1007/s11469-022-00894-y</a></span>. <a href="/wiki/S2CID_(identifier)" class="mw-redirect" title="S2CID (identifier)">S2CID</a>&#160;<a rel="nofollow" class="external text" href="https://api.semanticscholar.org/CorpusID:251323282">251323282</a>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=International+Journal+of+Mental+Health+and+Addiction&amp;rft.atitle=Profiling+the+Potential+Risks+and+Benefits+of+Emerging+%22Play+to+Earn%22+Games%3A+a+Qualitative+Analysis+of+Players%27+Experiences+with+Axie+Infinity&amp;rft.date=2022&amp;rft_id=info%3Adoi%2F10.1007%2Fs11469-022-00894-y&amp;rft_id=https%3A%2F%2Fapi.semanticscholar.org%2FCorpusID%3A251323282%23id-name%3DS2CID&amp;rft.aulast=Delic&amp;rft.aufirst=Amelia+J.&amp;rft.au=Delfabbro%2C+Paul+H.&amp;rft_id=https%3A%2F%2Fdoi.org%2F10.1007%252Fs11469-022-00894-y&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTakahashi2021" class="citation web cs1">Takahashi, Dean (11 May 2021). <a rel="nofollow" class="external text" href="https://venturebeat.com/2021/05/11/sky-mavis-raises-7-5-million-for-nft-based-axie-infinity-game-with-backers-like-mark-cuban/">"Sky Mavis raises $7.5 million for NFT-based Axie Infinity game with backers like Mark Cuban"</a>. <i>VentureBeat</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220407123002/https://venturebeat.com/2021/05/11/sky-mavis-raises-7-5-million-for-nft-based-axie-infinity-game-with-backers-like-mark-cuban/">Archived</a> from the original on 7 April 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">30 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=VentureBeat&amp;rft.atitle=Sky+Mavis+raises+%247.5+million+for+NFT-based+Axie+Infinity+game+with+backers+like+Mark+Cuban&amp;rft.date=2021-05-11&amp;rft.aulast=Takahashi&amp;rft.aufirst=Dean&amp;rft_id=https%3A%2F%2Fventurebeat.com%2F2021%2F05%2F11%2Fsky-mavis-raises-7-5-million-for-nft-based-axie-infinity-game-with-backers-like-mark-cuban%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://axieinfinity.com/axs/">"Axie Infinity Shards"</a>. <i>Axie Infinity</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220923163033/https://axieinfinity.com/axs/">Archived</a> from the original on 23 September 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">25 August</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Axie+Infinity&amp;rft.atitle=Axie+Infinity+Shards&amp;rft_id=https%3A%2F%2Faxieinfinity.com%2Faxs%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Ongweso_Jr.-9"><span class="mw-cite-backlink">^ <a href="#cite_ref-Ongweso_Jr._9-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Ongweso_Jr._9-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Ongweso_Jr._9-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFOngweso_Jr.2022" class="citation web cs1">Ongweso Jr., Edward (4 April 2022). <a rel="nofollow" class="external text" href="https://www.vice.com/en/article/88g3ag/the-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity">"The Metaverse Has Bosses Too. Meet the 'Managers' of Axie Infinity"</a>. <i>Vice Motherboard</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220710180649/https://www.vice.com/en/article/88g3ag/the-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity">Archived</a> from the original on 10 July 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">6 June</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Vice+Motherboard&amp;rft.atitle=The+Metaverse+Has+Bosses+Too.+Meet+the+%27Managers%27+of+Axie+Infinity&amp;rft.date=2022-04-04&amp;rft.aulast=Ongweso+Jr.&amp;rft.aufirst=Edward&amp;rft_id=https%3A%2F%2Fwww.vice.com%2Fen%2Farticle%2F88g3ag%2Fthe-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Sigalos-10"><span class="mw-cite-backlink">^ <a href="#cite_ref-Sigalos_10-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Sigalos_10-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSigalos2022" class="citation web cs1">Sigalos, MacKenzie (29 March 2022). <a rel="nofollow" class="external text" href="https://www.cnbc.com/2022/03/29/hackers-steal-over-615-million-from-network-running-axie-infinity.html">"Crypto hackers steal over $615 million from network that runs popular game Axie Infinity"</a>. <i>CNBC</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220628214759/https://www.cnbc.com/2022/03/29/hackers-steal-over-615-million-from-network-running-axie-infinity.html">Archived</a> from the original on 28 June 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">30 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=CNBC&amp;rft.atitle=Crypto+hackers+steal+over+%24615+million+from+network+that+runs+popular+game+Axie+Infinity&amp;rft.date=2022-03-29&amp;rft.aulast=Sigalos&amp;rft.aufirst=MacKenzie&amp;rft_id=https%3A%2F%2Fwww.cnbc.com%2F2022%2F03%2F29%2Fhackers-steal-over-615-million-from-network-running-axie-infinity.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Takahashi_hackers-11"><span class="mw-cite-backlink">^ <a href="#cite_ref-Takahashi_hackers_11-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Takahashi_hackers_11-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFTakahashi2022" class="citation web cs1">Takahashi, Dean (29 March 2022). <a rel="nofollow" class="external text" href="https://venturebeat.com/2022/03/29/hackers-steal-620m-in-ethereum-and-dollars-in-axie-infinity-maker-sky-mavis-ronin-network/">"Hackers steal $620M in Ethereum and dollars from Axie Infinity maker Sky Mavis' Ronin network"</a>. <i>VentureBeat</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220616213912/https://venturebeat.com/2022/03/29/hackers-steal-620m-in-ethereum-and-dollars-in-axie-infinity-maker-sky-mavis-ronin-network/">Archived</a> from the original on 16 June 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">30 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=VentureBeat&amp;rft.atitle=Hackers+steal+%24620M+in+Ethereum+and+dollars+from+Axie+Infinity+maker+Sky+Mavis%27+Ronin+network&amp;rft.date=2022-03-29&amp;rft.aulast=Takahashi&amp;rft.aufirst=Dean&amp;rft_id=https%3A%2F%2Fventurebeat.com%2F2022%2F03%2F29%2Fhackers-steal-620m-in-ethereum-and-dollars-in-axie-infinity-maker-sky-mavis-ronin-network%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Hollerith-12"><span class="mw-cite-backlink">^ <a href="#cite_ref-Hollerith_12-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Hollerith_12-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFHollerith2022" class="citation web cs1">Hollerith, David (30 March 2022). <a rel="nofollow" class="external text" href="https://finance.yahoo.com/news/hackers-steal-615-million-in-crypto-194522160.html">"Hackers steal $615 million in crypto from Axie Infinity's Ronin Network"</a>. <i>Yahoo Finance</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220707123735/https://finance.yahoo.com/news/hackers-steal-615-million-in-crypto-194522160.html">Archived</a> from the original on 7 July 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">30 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Yahoo+Finance&amp;rft.atitle=Hackers+steal+%24615+million+in+crypto+from+Axie+Infinity%27s+Ronin+Network&amp;rft.date=2022-03-30&amp;rft.aulast=Hollerith&amp;rft.aufirst=David&amp;rft_id=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fhackers-steal-615-million-in-crypto-194522160.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Kharif-13"><span class="mw-cite-backlink">^ <a href="#cite_ref-Kharif_13-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Kharif_13-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Kharif_13-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKharif2022" class="citation news cs1">Kharif, Olga (29 March 2022). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/articles/2022-03-29/hackers-steal-590-million-from-ronin-in-latest-bridge-attack">"Hackers Steal About $600 Million in One of the Biggest Crypto Heists"</a>. <i>Bloomberg News</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220924035551/https://www.bloomberg.com/news/articles/2022-03-29/hackers-steal-590-million-from-ronin-in-latest-bridge-attack">Archived</a> from the original on 24 September 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">23 September</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Bloomberg+News&amp;rft.atitle=Hackers+Steal+About+%24600+Million+in+One+of+the+Biggest+Crypto+Heists&amp;rft.date=2022-03-29&amp;rft.aulast=Kharif&amp;rft.aufirst=Olga&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-03-29%2Fhackers-steal-590-million-from-ronin-in-latest-bridge-attack&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-14"><span class="mw-cite-backlink"><b><a href="#cite_ref-14">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFAaron_Schaffer2022" class="citation news cs1">Aaron Schaffer (14 April 2022). <a rel="nofollow" class="external text" href="https://www.washingtonpost.com/technology/2022/04/14/us-links-axie-crypto-heist-north-korea/">"North Korean hackers linked to $620 million Axie Infinity crypto heist"</a>. <i><a href="/wiki/The_Washington_Post" title="The Washington Post">The Washington Post</a></i>. <a href="/wiki/ISSN_(identifier)" class="mw-redirect" title="ISSN (identifier)">ISSN</a>&#160;<a rel="nofollow" class="external text" href="https://search.worldcat.org/issn/0190-8286">0190-8286</a>. <a href="/wiki/OCLC_(identifier)" class="mw-redirect" title="OCLC (identifier)">OCLC</a>&#160;<a rel="nofollow" class="external text" href="https://search.worldcat.org/oclc/1330888409">1330888409</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221022005616/https://www.washingtonpost.com/technology/2022/04/14/us-links-axie-crypto-heist-north-korea/">Archived</a> from the original on 22 October 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">20 December</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=The+Washington+Post&amp;rft.atitle=North+Korean+hackers+linked+to+%24620+million+Axie+Infinity+crypto+heist&amp;rft.date=2022-04-14&amp;rft_id=info%3Aoclcnum%2F1330888409&amp;rft.issn=0190-8286&amp;rft.au=Aaron+Schaffer&amp;rft_id=https%3A%2F%2Fwww.washingtonpost.com%2Ftechnology%2F2022%2F04%2F14%2Fus-links-axie-crypto-heist-north-korea%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-15"><span class="mw-cite-backlink"><b><a href="#cite_ref-15">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://whitepaper.axieinfinity.com/gameplay/battling">"Battling – Axie Infinity"</a>. <i>Axie Infinity</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220314145924/https://whitepaper.axieinfinity.com/gameplay/battling">Archived</a> from the original on 14 March 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">14 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Axie+Infinity&amp;rft.atitle=Battling+%E2%80%93+Axie+Infinity&amp;rft_id=https%3A%2F%2Fwhitepaper.axieinfinity.com%2Fgameplay%2Fbattling&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-16"><span class="mw-cite-backlink"><b><a href="#cite_ref-16">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://whitepaper.axieinfinity.com/">"Axie Infinity – Axie Infinity"</a>. <i>Axie Infinity</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220719063546/https://whitepaper.axieinfinity.com/">Archived</a> from the original on 19 July 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">14 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Axie+Infinity&amp;rft.atitle=Axie+Infinity+%E2%80%93+Axie+Infinity&amp;rft_id=https%3A%2F%2Fwhitepaper.axieinfinity.com%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-17"><span class="mw-cite-backlink"><b><a href="#cite_ref-17">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLaurent2021" class="citation news cs1">Laurent, Lionel (3 September 2021). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/opinion/articles/2021-09-03/gaming-rules-in-china-u-k-show-we-need-consumer-protection-in-the-metaverse">"Anxiety About Gaming Should Be Over Money, Not Morals"</a>. <i>Bloomberg.com</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211030085350/https://www.bloomberg.com/opinion/articles/2021-09-03/gaming-rules-in-china-u-k-show-we-need-consumer-protection-in-the-metaverse">Archived</a> from the original on 30 October 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">1 October</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Bloomberg.com&amp;rft.atitle=Anxiety+About+Gaming+Should+Be+Over+Money%2C+Not+Morals&amp;rft.date=2021-09-03&amp;rft.aulast=Laurent&amp;rft.aufirst=Lionel&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fopinion%2Farticles%2F2021-09-03%2Fgaming-rules-in-china-u-k-show-we-need-consumer-protection-in-the-metaverse&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-18"><span class="mw-cite-backlink"><b><a href="#cite_ref-18">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFHarris2021" class="citation news cs1">Harris, Ainsley (24 September 2021). <a rel="nofollow" class="external text" href="https://www.fastcompany.com/90675423/danger-internet-money-game-crypto-bubble">"The danger of the internet turning money into a game"</a>. <i>Fast Company</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220409164358/https://www.fastcompany.com/90675423/danger-internet-money-game-crypto-bubble">Archived</a> from the original on 9 April 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">2 October</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Fast+Company&amp;rft.atitle=The+danger+of+the+internet+turning+money+into+a+game&amp;rft.date=2021-09-24&amp;rft.aulast=Harris&amp;rft.aufirst=Ainsley&amp;rft_id=https%3A%2F%2Fwww.fastcompany.com%2F90675423%2Fdanger-internet-money-game-crypto-bubble&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-philippines-19"><span class="mw-cite-backlink">^ <a href="#cite_ref-philippines_19-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-philippines_19-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://kr-asia.com/axie-infinity-and-yield-guild-games-took-the-philippines-by-storm-but-users-are-starting-to-question-long-term-viability">"Axie Infinity and Yield Guild Games took the Philippines by storm but users are starting to question long-term viability"</a>. <i>KrASIA</i>. 13 March 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220923163028/https://kr-asia.com/axie-infinity-and-yield-guild-games-took-the-philippines-by-storm-but-users-are-starting-to-question-long-term-viability">Archived</a> from the original on 23 September 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">14 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=KrASIA&amp;rft.atitle=Axie+Infinity+and+Yield+Guild+Games+took+the+Philippines+by+storm+but+users+are+starting+to+question+long-term+viability&amp;rft.date=2022-03-13&amp;rft_id=https%3A%2F%2Fkr-asia.com%2Faxie-infinity-and-yield-guild-games-took-the-philippines-by-storm-but-users-are-starting-to-question-long-term-viability&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-20"><span class="mw-cite-backlink"><b><a href="#cite_ref-20">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFNunley2021" class="citation news cs1">Nunley, Christian (14 May 2021). <a rel="nofollow" class="external text" href="https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html">"People in the Philippines are earning cryptocurrency during the pandemic by playing a video game"</a>. <i>CNBC</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210707011359/https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html">Archived</a> from the original on 7 July 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">8 October</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNBC&amp;rft.atitle=People+in+the+Philippines+are+earning+cryptocurrency+during+the+pandemic+by+playing+a+video+game&amp;rft.date=2021-05-14&amp;rft.aulast=Nunley&amp;rft.aufirst=Christian&amp;rft_id=https%3A%2F%2Fwww.cnbc.com%2F2021%2F05%2F14%2Fpeople-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-de_Vera-21"><span class="mw-cite-backlink">^ <a href="#cite_ref-de_Vera_21-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-de_Vera_21-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFde_Vera2021" class="citation news cs1">de Vera, Ben O. (23 August 2021). <a rel="nofollow" class="external text" href="https://business.inquirer.net/329458/dof-axie-infinity-players-must-pay-income-tax-from-trading-pets">"DOF: Axie Infinity players must pay income tax from trading "pets"<span class="cs1-kern-right"></span>"</a>. <i>Philippine Daily Inquirer</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211008035249/https://business.inquirer.net/329458/dof-axie-infinity-players-must-pay-income-tax-from-trading-pets">Archived</a> from the original on 8 October 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">14 October</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Philippine+Daily+Inquirer&amp;rft.atitle=DOF%3A+Axie+Infinity+players+must+pay+income+tax+from+trading+%22pets%22&amp;rft.date=2021-08-23&amp;rft.aulast=de+Vera&amp;rft.aufirst=Ben+O.&amp;rft_id=https%3A%2F%2Fbusiness.inquirer.net%2F329458%2Fdof-axie-infinity-players-must-pay-income-tax-from-trading-pets&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-22"><span class="mw-cite-backlink"><b><a href="#cite_ref-22">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFShumba2021" class="citation web cs1">Shumba, Camomile (25 November 2021). <a rel="nofollow" class="external text" href="https://markets.businessinsider.com/news/currencies/metaverse-crypto-digital-land-sold-axie-infinity-nft-decentraland-2021-11">"A plot of digital land just sold for $2.3 million on Axie Infinity, as the real-estate race heats up across the metaverse"</a>. <i>Business Insider</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220923163027/https://markets.businessinsider.com/news/currencies/metaverse-crypto-digital-land-sold-axie-infinity-nft-decentraland-2021-11">Archived</a> from the original on 23 September 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">11 December</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Business+Insider&amp;rft.atitle=A+plot+of+digital+land+just+sold+for+%242.3+million+on+Axie+Infinity%2C+as+the+real-estate+race+heats+up+across+the+metaverse&amp;rft.date=2021-11-25&amp;rft.aulast=Shumba&amp;rft.aufirst=Camomile&amp;rft_id=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fcurrencies%2Fmetaverse-crypto-digital-land-sold-axie-infinity-nft-decentraland-2021-11&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-23"><span class="mw-cite-backlink"><b><a href="#cite_ref-23">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSri2022" class="citation news cs1">Sri, Deepti (12 April 2022). <a rel="nofollow" class="external text" href="https://www.techinasia.com/axie-infinity-disappoints-users-latest-land-update">"Axie Infinity disappoints users with latest Land update"</a>. <i>www.techinasia.com</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220923163031/https://www.techinasia.com/axie-infinity-disappoints-users-latest-land-update">Archived</a> from the original on 23 September 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">17 April</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=www.techinasia.com&amp;rft.atitle=Axie+Infinity+disappoints+users+with+latest+Land+update&amp;rft.date=2022-04-12&amp;rft.aulast=Sri&amp;rft.aufirst=Deepti&amp;rft_id=https%3A%2F%2Fwww.techinasia.com%2Faxie-infinity-disappoints-users-latest-land-update&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-24"><span class="mw-cite-backlink"><b><a href="#cite_ref-24">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://whitepaper.axieinfinity.com/team">"Team – Axie Infinity"</a>. <i>Axie Infinity</i>. 9 December 2021. <a rel="nofollow" class="external text" href="https://archive.today/20220610201943/https://whitepaper.axieinfinity.com/team">Archived</a> from the original on 10 June 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">10 June</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Axie+Infinity&amp;rft.atitle=Team+%E2%80%93+Axie+Infinity&amp;rft.date=2021-12-09&amp;rft_id=https%3A%2F%2Fwhitepaper.axieinfinity.com%2Fteam&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Brustein-25"><span class="mw-cite-backlink">^ <a href="#cite_ref-Brustein_25-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Brustein_25-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Brustein_25-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBrustein2022" class="citation web cs1">Brustein, Joshua (10 June 2022). <a rel="nofollow" class="external text" href="https://www.bloomberg.com/news/features/2022-06-10/axie-infinity-axs-crypto-game-promised-nft-riches-gave-ruin">"A Billion-Dollar Crypto Gaming Startup Promised Riches and Delivered Disaster"</a>. <i>Bloomberg</i>. <a rel="nofollow" class="external text" href="https://archive.today/20220610135130/https://www.bloomberg.com/news/features/2022-06-10/axie-infinity-axs-crypto-game-promised-nft-riches-gave-ruin">Archived</a> from the original on 10 June 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">10 June</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Bloomberg&amp;rft.atitle=A+Billion-Dollar+Crypto+Gaming+Startup+Promised+Riches+and+Delivered+Disaster&amp;rft.date=2022-06-10&amp;rft.aulast=Brustein&amp;rft.aufirst=Joshua&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Ffeatures%2F2022-06-10%2Faxie-infinity-axs-crypto-game-promised-nft-riches-gave-ruin&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-26"><span class="mw-cite-backlink"><b><a href="#cite_ref-26">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://kr-asia.com/this-vietnamese-developer-is-behind-one-of-the-worlds-most-popular-blockchain-games-profiles-in-tech">"This Vietnamese developer is behind one of the world's most popular blockchain games: Profiles in Tech"</a>. <i>KrASIA</i>. 20 February 2020. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220520084610/https://kr-asia.com/this-vietnamese-developer-is-behind-one-of-the-worlds-most-popular-blockchain-games-profiles-in-tech">Archived</a> from the original on 20 May 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">30 March</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=KrASIA&amp;rft.atitle=This+Vietnamese+developer+is+behind+one+of+the+world%27s+most+popular+blockchain+games%3A+Profiles+in+Tech&amp;rft.date=2020-02-20&amp;rft_id=https%3A%2F%2Fkr-asia.com%2Fthis-vietnamese-developer-is-behind-one-of-the-worlds-most-popular-blockchain-games-profiles-in-tech&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-27"><span class="mw-cite-backlink"><b><a href="#cite_ref-27">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://whitepaper.axieinfinity.com/roadmap">"Roadmap and completed milestones – Axie Infinity"</a>. <i>Axie Infinity</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220316104206/https://whitepaper.axieinfinity.com/roadmap">Archived</a> from the original on 16 March 2022<span class="reference-accessdate">. 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Retrieved <span class="nowrap">24 September</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Bloomberg+News&amp;rft.atitle=Axie-Infinity+Developer+to+Reimburse+Hack+Victims%2C+Restart+Ronin&amp;rft.date=2022-06-23&amp;rft.aulast=Kharif&amp;rft.aufirst=Olga&amp;rft_id=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-06-23%2Faxie-infinity-developer-to-reimburse-hack-victims-restart-ronin&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-34"><span class="mw-cite-backlink"><b><a href="#cite_ref-34">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.bbc.com/news/world-asia-61036733">"North Korean hackers target gamers in $615m crypto heist – US"</a>. <i>BBC News</i>. 15 April 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220717114959/https://www.bbc.com/news/world-asia-61036733">Archived</a> from the original on 17 July 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">15 April</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=BBC+News&amp;rft.atitle=North+Korean+hackers+target+gamers+in+%24615m+crypto+heist+%E2%80%93+US&amp;rft.date=2022-04-15&amp;rft_id=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fworld-asia-61036733&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Novak-35"><span class="mw-cite-backlink">^ <a href="#cite_ref-Novak_35-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Novak_35-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFNovak2022" class="citation news cs1">Novak, Matt (15 April 2022). <a rel="nofollow" class="external text" href="https://gizmodo.com/fbi-says-north-korea-behind-biggest-crypto-theft-in-his-1848797691">"FBI Says North Korea Behind Biggest Crypto Theft in History Against Axie Infinity"</a>. <i>Gizmodo</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220711183419/https://gizmodo.com/fbi-says-north-korea-behind-biggest-crypto-theft-in-his-1848797691">Archived</a> from the original on 11 July 2022<span class="reference-accessdate">. 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Retrieved <span class="nowrap">17 May</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Reuters&amp;rft.atitle=FEATURE-Stung+by+losses%2C+Filipino+players+ditch+Axie+Infinity+crypto+game&amp;rft.date=2023-04-26&amp;rft.aulast=Ramos&amp;rft.aufirst=Mariejo&amp;rft_id=https%3A%2F%2Fwww.reuters.com%2Farticle%2Fphilippines-tech-cryptocurrency-idUSL8N36F0A6&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-37"><span class="mw-cite-backlink"><b><a href="#cite_ref-37">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFNunley2021" class="citation news cs1">Nunley, Christian (27 June 2021). <a rel="nofollow" class="external text" href="https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html">"People in the Philippines are earning cryptocurrency during the pandemic by playing a video game"</a>. <i>CNBC</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210707011359/https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html">Archived</a> from the original on 7 July 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">3 April</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=CNBC&amp;rft.atitle=People+in+the+Philippines+are+earning+cryptocurrency+during+the+pandemic+by+playing+a+video+game&amp;rft.date=2021-06-27&amp;rft.aulast=Nunley&amp;rft.aufirst=Christian&amp;rft_id=https%3A%2F%2Fwww.cnbc.com%2F2021%2F05%2F14%2Fpeople-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-38"><span class="mw-cite-backlink"><b><a href="#cite_ref-38">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKshetri2022" class="citation journal cs1">Kshetri, Nir (2022). <a rel="nofollow" class="external text" href="https://doi.org/10.1109%2FMITP.2022.3178509">"Policy, Ethical, Social, and Environmental Considerations of Web3 and the Metaverse"</a>. <i>IT Professional</i>. <b>24</b> (3): 6. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://doi.org/10.1109%2FMITP.2022.3178509">10.1109/MITP.2022.3178509</a></span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=IT+Professional&amp;rft.atitle=Policy%2C+Ethical%2C+Social%2C+and+Environmental+Considerations+of+Web3+and+the+Metaverse&amp;rft.volume=24&amp;rft.issue=3&amp;rft.pages=6&amp;rft.date=2022&amp;rft_id=info%3Adoi%2F10.1109%2FMITP.2022.3178509&amp;rft.aulast=Kshetri&amp;rft.aufirst=Nir&amp;rft_id=https%3A%2F%2Fdoi.org%2F10.1109%252FMITP.2022.3178509&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-39"><span class="mw-cite-backlink"><b><a href="#cite_ref-39">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFFranciscoRodelasUbaldo2022" class="citation journal cs1">Francisco, Ryan D.; Rodelas, Nelson C.; Ubaldo, John Edison T. 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Retrieved <span class="nowrap">22 September</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=TheVerge.com&amp;rft.atitle=Axie+Infinity%27s+financial+mess+started+long+before+its+%24600+million+hack&amp;rft.date=2022-04-08&amp;rft_id=https%3A%2F%2Fwww.theverge.com%2F2022%2F4%2F8%2F23015468%2Faxie-infinity-blockchain-nft-play-to-earn-game-economics-hack&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-42"><span class="mw-cite-backlink"><b><a href="#cite_ref-42">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.vice.com/en/article/88g3ag/the-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity">"The Metaverse Has Bosses Too. Meet the 'Managers' of Axie Infinity"</a>. <i>Vice.com</i>. 4 April 2022. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220710180649/https://www.vice.com/en/article/88g3ag/the-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity">Archived</a> from the original on 10 July 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">6 June</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Vice.com&amp;rft.atitle=The+Metaverse+Has+Bosses+Too.+Meet+the+%27Managers%27+of+Axie+Infinity&amp;rft.date=2022-04-04&amp;rft_id=https%3A%2F%2Fwww.vice.com%2Fen%2Farticle%2F88g3ag%2Fthe-metaverse-has-bosses-too-meet-the-managers-of-axie-infinity&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Delfabbro-43"><span class="mw-cite-backlink">^ <a href="#cite_ref-Delfabbro_43-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Delfabbro_43-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Delfabbro_43-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-Delfabbro_43-3"><sup><i><b>d</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDelfabbroDelicKing2022" class="citation journal cs1">Delfabbro, Paul; Delic, Amelia; King, Daniel L. (26 September 2022). <a rel="nofollow" class="external text" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9872537">"Understanding the mechanics and consumer risks associated with play-to-earn (P2E) gaming"</a>. <i><a href="/wiki/Journal_of_Behavioral_Addictions" title="Journal of Behavioral Addictions">Journal of Behavioral Addictions</a></i>. <b>11</b> (3). <a href="/wiki/Akad%C3%A9miai_Kiad%C3%B3" title="Akadémiai Kiadó">Akadémiai Kiadó</a>: 722 f. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://doi.org/10.1556%2F2006.2022.00066">10.1556/2006.2022.00066</a></span>. <a href="/wiki/PMC_(identifier)" class="mw-redirect" title="PMC (identifier)">PMC</a>&#160;<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9872537">9872537</a></span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Journal+of+Behavioral+Addictions&amp;rft.atitle=Understanding+the+mechanics+and+consumer+risks+associated+with+play-to-earn+%28P2E%29+gaming&amp;rft.volume=11&amp;rft.issue=3&amp;rft.pages=722+f&amp;rft.date=2022-09-26&amp;rft_id=https%3A%2F%2Fwww.ncbi.nlm.nih.gov%2Fpmc%2Farticles%2FPMC9872537%23id-name%3DPMC&amp;rft_id=info%3Adoi%2F10.1556%2F2006.2022.00066&amp;rft.aulast=Delfabbro&amp;rft.aufirst=Paul&amp;rft.au=Delic%2C+Amelia&amp;rft.au=King%2C+Daniel+L.&amp;rft_id=https%3A%2F%2Fwww.ncbi.nlm.nih.gov%2Fpmc%2Farticles%2FPMC9872537&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-Mannweiler-44"><span class="mw-cite-backlink">^ <a href="#cite_ref-Mannweiler_44-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-Mannweiler_44-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-Mannweiler_44-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMannweiler2022" class="citation web cs1 cs1-prop-foreign-lang-source">Mannweiler, Antonia (28 January 2022). <a rel="nofollow" class="external text" href="https://www.faz.net/aktuell/finanzen/nft-game-axie-infinity-spiel-des-lebens-17763322.html">"NFT-Game Axie Infinity: Spiel des Lebens"</a>. <i><a href="/wiki/Frankfurter_Allgemeine_Zeitung" title="Frankfurter Allgemeine Zeitung">Frankfurter Allgemeine Zeitung</a></i> (in German). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230227160138/https://www.faz.net/aktuell/finanzen/nft-game-axie-infinity-spiel-des-lebens-17763322.html">Archived</a> from the original on 27 February 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">27 February</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Frankfurter+Allgemeine+Zeitung&amp;rft.atitle=NFT-Game+Axie+Infinity%3A+Spiel+des+Lebens&amp;rft.date=2022-01-28&amp;rft.aulast=Mannweiler&amp;rft.aufirst=Antonia&amp;rft_id=https%3A%2F%2Fwww.faz.net%2Faktuell%2Ffinanzen%2Fnft-game-axie-infinity-spiel-des-lebens-17763322.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> <li id="cite_note-45"><span class="mw-cite-backlink"><b><a href="#cite_ref-45">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDelfabbroDelicKing2022" class="citation journal cs1">Delfabbro, Paul; Delic, Amelia; King, Daniel L. (26 September 2022). <a rel="nofollow" class="external text" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9872537">"Understanding the mechanics and consumer risks associated with play-to-earn (P2E) gaming"</a>. <i>Journal of Behavioral Addictions</i>. <b>11</b> (3): 722 f. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://doi.org/10.1556%2F2006.2022.00066">10.1556/2006.2022.00066</a></span>. <a href="/wiki/PMC_(identifier)" class="mw-redirect" title="PMC (identifier)">PMC</a>&#160;<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9872537">9872537</a></span>. <a href="/wiki/PMID_(identifier)" class="mw-redirect" title="PMID (identifier)">PMID</a>&#160;<a rel="nofollow" class="external text" href="https://pubmed.ncbi.nlm.nih.gov/36083777">36083777</a>. <q>A potential psychological risk associated with highly monetized games is that the motivation for gaming may switch from intrinsic enjoyment or challenge, to a predominant focus on the monetary outcome of the activity (...) The effects of high extrinsic motivation within a video-gaming context are well documented, and associated with greater problem gaming (...) poorer self-control and maladaptive gaming behaviors (...). Emerging research indicates these effects may be intensified within a P2E setting (...) Grinding may therefore increase the frequency and duration of play and create greater risk of harm associated with excessive gaming.</q></cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Journal+of+Behavioral+Addictions&amp;rft.atitle=Understanding+the+mechanics+and+consumer+risks+associated+with+play-to-earn+%28P2E%29+gaming&amp;rft.volume=11&amp;rft.issue=3&amp;rft.pages=722+f&amp;rft.date=2022-09-26&amp;rft_id=https%3A%2F%2Fwww.ncbi.nlm.nih.gov%2Fpmc%2Farticles%2FPMC9872537%23id-name%3DPMC&amp;rft_id=info%3Apmid%2F36083777&amp;rft_id=info%3Adoi%2F10.1556%2F2006.2022.00066&amp;rft.aulast=Delfabbro&amp;rft.aufirst=Paul&amp;rft.au=Delic%2C+Amelia&amp;rft.au=King%2C+Daniel+L.&amp;rft_id=https%3A%2F%2Fwww.ncbi.nlm.nih.gov%2Fpmc%2Farticles%2FPMC9872537&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span> Cf. <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDelicDelfabbro2022" class="citation journal cs1">Delic, Amelia J.; Delfabbro, Paul H. (2022). <a rel="nofollow" class="external text" href="https://doi.org/10.1007%2Fs11469-022-00894-y">"Profiling the Potential Risks and Benefits of Emerging "Play to Earn" Games: a Qualitative Analysis of Players' Experiences with Axie Infinity"</a>. <i>International Journal of Mental Health and Addiction</i>. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://doi.org/10.1007%2Fs11469-022-00894-y">10.1007/s11469-022-00894-y</a></span>. <a href="/wiki/S2CID_(identifier)" class="mw-redirect" title="S2CID (identifier)">S2CID</a>&#160;<a rel="nofollow" class="external text" href="https://api.semanticscholar.org/CorpusID:251323282">251323282</a>. <q>Money and the financial component of AI was a frequent topic of discussion. The first subtheme "Incentive" indicated gaming behaviour was highly reward-driven and extrinsically motivated. Therefore, whilst players did find some enjoyment from AI, this was secondary to the financial incentive. (...) Despite the current popularity of AI (...) players frequently reported a dislike for gameplay and that they were largely playing for extrinsic rewards.</q></cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=International+Journal+of+Mental+Health+and+Addiction&amp;rft.atitle=Profiling+the+Potential+Risks+and+Benefits+of+Emerging+%22Play+to+Earn%22+Games%3A+a+Qualitative+Analysis+of+Players%27+Experiences+with+Axie+Infinity&amp;rft.date=2022&amp;rft_id=info%3Adoi%2F10.1007%2Fs11469-022-00894-y&amp;rft_id=https%3A%2F%2Fapi.semanticscholar.org%2FCorpusID%3A251323282%23id-name%3DS2CID&amp;rft.aulast=Delic&amp;rft.aufirst=Amelia+J.&amp;rft.au=Delfabbro%2C+Paul+H.&amp;rft_id=https%3A%2F%2Fdoi.org%2F10.1007%252Fs11469-022-00894-y&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="Further_reading">Further reading</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Axie_Infinity&amp;action=edit&amp;section=10" title="Edit section: Further reading"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFD&#39;AnastasioVolpicelli2021" class="citation magazine cs1">D'Anastasio, Cecilia; Volpicelli, Gian M. (30 November 2021). <a rel="nofollow" class="external text" href="https://www.wired.com/story/escapist-fantasy-of-nft-games-is-capitalism/">"The Escapist Fantasy of NFT Games Is Capitalism"</a>. <i>Wired</i><span class="reference-accessdate">. Retrieved <span class="nowrap">2 December</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Wired&amp;rft.atitle=The+Escapist+Fantasy+of+NFT+Games+Is+Capitalism&amp;rft.date=2021-11-30&amp;rft.aulast=D%27Anastasio&amp;rft.aufirst=Cecilia&amp;rft.au=Volpicelli%2C+Gian+M.&amp;rft_id=https%3A%2F%2Fwww.wired.com%2Fstory%2Fescapist-fantasy-of-nft-games-is-capitalism%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AAxie+Infinity" class="Z3988"></span></li></ul> <!-- NewPP limit report Parsed by mw‐api‐ext.codfw.main‐7556f8b5dd‐mwg8g Cached time: 20241122213510 Cache expiry: 2592000 Reduced expiry: false Complications: [vary‐revision‐sha1, show‐toc] CPU time usage: 0.547 seconds Real time usage: 0.673 seconds Preprocessor visited node count: 4644/1000000 Post‐expand include size: 123211/2097152 bytes Template argument size: 6342/2097152 bytes Highest expansion depth: 15/100 Expensive parser function count: 6/500 Unstrip recursion depth: 1/20 Unstrip post‐expand size: 184712/5000000 bytes Lua time usage: 0.323/10.000 seconds Lua memory usage: 7774284/52428800 bytes Number of Wikibase entities loaded: 1/400 --> <!-- Transclusion expansion time report (%,ms,calls,template) 100.00% 613.718 1 -total 46.35% 284.433 1 Template:Reflist 23.69% 145.363 23 Template:Cite_web 20.21% 124.005 1 Template:Infobox_video_game 12.02% 73.793 2 Template:Short_description 11.27% 69.172 10 Template:If_first_display_both 10.62% 65.168 16 Template:Cite_news 6.72% 41.220 4 Template:Pagetype 5.79% 35.528 7 Template:Cite_journal 5.71% 35.036 3 Template:Fix --> <!-- Saved in parser cache with key enwiki:pcache:idhash:68186473-0!canonical and timestamp 20241122213516 and revision id 1259005749. 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