![]() ![]() Local celebrity heart Evangelista, who recently launched her NFT art in OpenSea, said in an interview with Karen Davila that one of her NFT artworks can fetch $3 million. On March last year, a JPG file made by Mike Winkelmann, the digital artist known as Beeple, was sold by fine art dealer Christie’s in an online auction for $69.3 million, positioning him as “among the top three most valuable living artists,” according to the auction house. To listen to Mint One, you can find us on Spotify, Apple Podcasts, Anchor, YouTube, and Google Podcasts.Ghozali Ghozalu, an Indonesian college student has become an Internet sensation after selling 1,000 selfies as non-fungible tokens (NFTs) on the OpenSea NFT marketplace, making himself USD 1 million richer in the process. This helps both our podcast and the blockchain gaming ecosystem as a whole! ![]() We’d like to ask that if you listen to us on Apple Podcasts and/or Spotify, you rate us five stars and leave us a review if you enjoy Mint One. As always, we’d love to hear your thoughts on the subject and any experience you have in it. This is a sensitive topic and one that was difficult to pick apart in a way that was both exhaustive and senstivie. But, the question of whether P2E games have hurt Filipinos or citizens of developing nations who used them to improve their lives (or even survive in some cases), ought not to be an emotional discussion, but a logical one. It is a horrifying story of a young man going through extreme adversity and it appeals to your emotions (successfully). The title does not suggest a balanced piece of journalism, and on that charge, it largely delivers. ![]() The one that prompted this podcast episode was: A Crypto Game Promised to Lift Filipinos Out of Poverty. As a result, I started to see criticisms raised of P2E for leaving some players in dire straits. This was disappointing news for many of us playing blockchain games, but damaging for anyone who had used the new genre as a liferaft. Then, as crypto entered its cyclical bear market, this income evaporated for many gamers. To many of us, this felt like one of the first true success stories of Web3, alongside borderless transfers of wealth. A documentary covered this from the end of 2020 to early 2021 and it’s one I reference often: That wasn’t just a nice bonus, that was, in some cases, a lifeline. Axie Infinity grew a small playerbase in the Philippines who realized they could make hundreds of dollars per month playing. Amidst the torrid period, the most unlikely savior emerged: a browser-based blockchain game. During COVID-19, many Filipinos had their incomes hit hard and that put an enormous strain on families. Well, in part, it was because of the positive role it had in the Philippines. To this day, when you say “P2E to somebody, if they have a clue what you’re talking about, they’ll likely bring up Axie Infinity. ![]() However, it started slowly, taking a few years before the first breakthrough example garnered the attention it needed to become a use case. The emergence of P2E games felt swift and in terms of gaming as a whole, it was. Episode 32: Has P2E Hurt Developing Nations? This week, we take a look at articles calling out games such as Axie Infinity for hurting developing nations. In last week’s episode, John and I took a look at how Web3 culture has changed since crypto crept into the limelight back in 2008. If there’s a topic you’d like us to cover, make sure you let us know through the Token Gamer Discord or Twitter, or the NFT Insider Discord or Twitter. John Nichols of NFT Insider and I will discuss a new topic every week, as well as feature special guests. Token Gamer and NFT Insider have decided to combine forces to launch a weekly podcast, Mint One (formerly WAX Lyrical). There have been some heavy criticisms of Play-to-Earn (P2E) games since crypto’s sharp downturn and the consequent bear market. ![]()
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