The attack that looted $624 million from AxieInfinity users reveals bigger problems in how users are treated, lil_smush writes.
This sort of dug-in flippancy has more or less been the mentality of the Axie Infinity team. The Ronin bridge remains down, which means Axie players can’t actually withdraw their crypto from the network, but top brass has apparently decided the show must go on. Sky Mavis, the company responsible for Axie Infinity, has said it plans to reimburse players for their lost funds.
While the game can make you money, it can also create debts. Playing the game requires a starting roster of three Axie NFTs, which can only be acquired on the secondary market. Players who can’t afford those initial NFTs turn to Axie “scholarship” programs, wherein wealthy benefactors front the buy-in in exchange for a cut of the profits.
to “digital serfdom,” though I think that may be slightly misstating it. It’s more like an especially predatory employment contract – a full-time job with extremely poor returns.Motherboard. “Everybody wins!"
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