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Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
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 games co-founder Aleksander Leonard Larsen about how it all works.
Before it’s here, it’s on the Bloomberg Terminal.