The biggest CRASH in NFT history (Axie Infinity down 99.99%)

Axie Infinity has had the biggest rise-and-fall of any NFT project in history. Revenue went from $350 million a month to a low of $3,000 per day in the span of a year, with most users abandoning the game due to lower rewards.

In this video I go over how this all happened, whether or not it was a pyramid scheme, and what this means for the future of play-to-earn gaming.

follow me on twitter: https://twitter.com/GiancarloChaux

Ronin hack: https://www.nbcnews.com/tech/tech-news/hackers-steal-600-million-maker-axie-infinity-rcna22031

Axieโ€™s upcoming improvements: https://twitter.com/RyanJamesWeeks/status/1544684210186764289?s=20&t=Qv3muMly8Gu-kwMuuc27pA

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0:00 START HERE
2:10 why Iโ€™m making this video
2:38 the RISE of Axie Infinity
3:50 how did people make so much money
4:39 the dream
5:53 the DECLINE
7:35 Kim Jong-un enters the chat ($600m stolen)
10:24 is play-to-earn gaming dead?

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