Business Sense

WATCH: Why ‘Axie Infinity’ growth in PH is not really surprising

WATCH: Why ‘Axie Infinity’ growth in PH is not really surprising
Andreessen Horowitz general partner Arianna Simpson points to an enthusiastic user base and innovative scholar model

Filipinos are driving the growth of Axie Infinity, a game based on non-fungible tokens that allows players to earn big.

The frenzy was fueled by Yield Guild Games (YGG), a Filipino startup which lets players borrow its game assets under a revenue-sharing model.

This scheme has so far generated $8.6 million (P429 million) and is expected to grow even more, after American venture capital firm Andreessen Horowitz (a16z) invested in YGG.

In this episode of Business Sense, a16z general partner Arianna Simpson tells us that the growth is not really surprising, thanks to the enthusiastic user base and innovative scholar model.

Watch the bottom line in this excerpt:

WATCH: Why ‘Axie Infinity’ growth in PH is not really surprising

– Rappler.com

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