Jack Recider

I think the game Axie Infinity represents a fundamental shift in video game development. I spoke to Jeff White about this game.

I think the game Axie Infinity represents a fundamental shift in video game development. I spoke to Jeff White about this game.

Little digital pet that you can level up and stuff.

Little digital pet that you can level up and stuff.

Okay, so I need a team of three of them. How do I get one of them? What's the process?

Okay, so I need a team of three of them. How do I get one of them? What's the process?

I see. And I like the ownership aspect of this. You really do digitally own one of these Axies since it's all on the blockchain. There's no way for anyone to take your Axies away from you if you own them, unless they steal your private key. To me, this is interesting because look at the software world right now. You can't buy Microsoft Word or Adobe Photoshop.

I see. And I like the ownership aspect of this. You really do digitally own one of these Axies since it's all on the blockchain. There's no way for anyone to take your Axies away from you if you own them, unless they steal your private key. To me, this is interesting because look at the software world right now. You can't buy Microsoft Word or Adobe Photoshop.

You have to pay a monthly fee in order to use it. You don't own a lot of the software or games today if you have to have an internet connection for it to work. And as the meme goes, if purchasing isn't ownership, then piracy isn't theft.

You have to pay a monthly fee in order to use it. You don't own a lot of the software or games today if you have to have an internet connection for it to work. And as the meme goes, if purchasing isn't ownership, then piracy isn't theft.

Now, because the in-game currency was the Ethereum cryptocurrency, this allowed for a whole in-game marketplace. You could buy or sell things to other players with cryptocurrency, just like directly on the blockchain. Ethereum wasn't just for cryptocurrency, but there were items on it now. Axies, for instance.

Now, because the in-game currency was the Ethereum cryptocurrency, this allowed for a whole in-game marketplace. You could buy or sell things to other players with cryptocurrency, just like directly on the blockchain. Ethereum wasn't just for cryptocurrency, but there were items on it now. Axies, for instance.

And you could buy one from another person directly if you wanted, without having to go through any game to do it. How do people make money? Do you understand the complexities of this? Because if you're battling someone and you win the battle, do you take money from the other person?

And you could buy one from another person directly if you wanted, without having to go through any game to do it. How do people make money? Do you understand the complexities of this? Because if you're battling someone and you win the battle, do you take money from the other person?

Now you might be thinking, hold on, wait a minute. This is an awful idea to bridge real money into a video game. Well, you're not the only one to think that. The video game marketplace, Steam, has outright banned all crypto-based games from there. At first glance, you might be thinking, oh, that's because they don't want people spending real money on games like that.

Now you might be thinking, hold on, wait a minute. This is an awful idea to bridge real money into a video game. Well, you're not the only one to think that. The video game marketplace, Steam, has outright banned all crypto-based games from there. At first glance, you might be thinking, oh, that's because they don't want people spending real money on games like that.

It can ruin the in-game economy, and it leads to speculative behavior. And also, isn't it stupid to just buy video game assets like gold and weapons? But none of those are the reasons why Steam banned crypto-based games. A very popular game on Steam is CSGO, or I guess it's now called Counter Strike 2.

It can ruin the in-game economy, and it leads to speculative behavior. And also, isn't it stupid to just buy video game assets like gold and weapons? But none of those are the reasons why Steam banned crypto-based games. A very popular game on Steam is CSGO, or I guess it's now called Counter Strike 2.

Within Steam itself, there's a whole marketplace where you can buy and sell in-game Counter Strike items from other players for real money. It's like a giant marketplace on Steam. Thousands of purchases happen every day. Yeah, you can show up, type your credit card details in, and start buying items in the game from other players with real money.

Within Steam itself, there's a whole marketplace where you can buy and sell in-game Counter Strike items from other players for real money. It's like a giant marketplace on Steam. Thousands of purchases happen every day. Yeah, you can show up, type your credit card details in, and start buying items in the game from other players with real money.