Odd Lots

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

https://bloomberg.com/podcasts/odd_lots

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Axie Infinity, the Crypto Game That’s Grown Over 200x This Year Alone

[transcript]


Bitcoin just hit an all-time high and crypto mania is in full swing. One of this year's big winners has to be Axie Infinity, a blockchain-based game, whose token AXS has surged over 200x just since the start of the year. Axie is a pioneer of what's come to be known as a "play to earn" model, whereby participants who play the game can actually make money. Its popularity, for example, has exploded in the Philippines, where numerous people are making a living from it. But how does it work? And is it sustainable? On this episode we speak to the game’s co-founder Aleksander Leonard Larsen about how it all works.

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 October 21, 2021  54m