UPDATE: With Sky Mavis’ statement saying that they “are working with law enforcement officials, forensic cryptographers, and investors to make sure all funds are recovered or reimbursed. (ORIGINAL ARTICLE): The game Axie Infinity has risen to global fame due to so many success stories springing from its play-to-earn mechanics. With the system employing […]
Cinderella stories are often heartwarming to read, but what many people don’t know is that it only takes some strategy and some luck to create their own. Kookoo Crypto is famous now, but he once started out as a college dropout, waiter, and Uber driver. In just a short span of 2 years, he’s earned […]
Axie Infinity Season 20 is just around the corner and the Axie Infinity Team have already announced the changes players should expect. “While we’ve all experienced the euphoria that comes with incredible growth and prosperity, we’ve also more recently entered into a period of economic uncertainty. We all feel this pinch, which has made the […]
Popular play-to-earn game Axie Infinity just announced new changes for players as the game’s popularity grows. In a Substack post, Sky Mavis detailed several key changes and adjustments happening for Axie Infinity in the latest Season 19 update. Check them out: Axie Season 19 Update Changes: MMR reset Balancing patch Updated Crit and Skill formulas […]
Thanks to its explosive popularity, Axie Infinity is now in the crosshairs of the Philippine government. The incredibly popular (and lucrative) cryptogame has been a lifesaver for many people who have been affected by the pandemic, serving as an alternate (and for many, main) income streams. But as with anything income-related, the Department of […]
Here’s big news all Axie Infinity players need to know right now: since the game involves profits, DoF Undersecretary Antonette Tionko said that earnings from Axie Infinity are subject to tax. In an article by Manila Bulletin, Tionko explained that both their agency and BIR are looking into Axie Infinity especially since the game […]
The Bangko Sentral Ng Pilipinas (BSP) is looking into cryptocurrency-based game Axie Infinity as it explodes in popularity in the Philippines according to an interview given by BSP Deputy Director Of Payment System Oversight Attorney Leah Irao during an interview. While the BSP is still studying Axie Infinity and has no specific guidance as of […]
Axie Infinity is a “play-to-earn” game that lets you earn cryptocurrency in the form of Small Love Potions or SLP. These coins can then be converted to pesos or any local currency. The game has been blowing up locally and internationally due to the possible earnings you can receive from playing the game. However, not […]
Now that we have talked about all the basics you need to know about Axie Infinity and the rather complicated process of cashing in and cashing out your earnings, we tackle one of the bigger questions: is Axie Infinity legit AND a sustainable business model? Beyond the media coverage on how it has helped a […]
Axie Infinity is currently taking the country by storm, with more and more Filipinos joining in looking to make serious bank. If you don’t know what Axie Infinity is, we’ve written an extensive article talking about it already that you can check out here, but to quickly recap, Axie Infinity is a blockchain-based game inspired […]
With the ongoing pandemic, people try to keep themselves busy by playing games on top of the usual work grind and house chores. There are games that let you relax while letting you earn money in the process. Yes, you read that right: we are not talking about your typical free-to-play or pay-to-win kind of game, […]
In its latest round of advisories, the Security and Exchange Commission (SEC) issued an advisory against Pogi Breeds, a company that claims to use people’s money in buying and breeding Axies and in playing Axie Infinity. In the said advisory, SEC emphasized that Pogi Breeds, which is headed by Gino Mendoza aka Nigo Tekashii, is […]