Oh, Axie Infinity. They're a Ponzi scheme in the crash phase. Their players grind to earn Smooth Love Potion tokens. Here's the chart for SLP.[1] Down over 90% and still crashing. There's also an Axie Infinity token.[2] It's only down 34%. There's some kind of 65-month (!) vesting period with that token.
Don't hold Axie Infinity up as a success.
No, Roblox is not getting into NFTs. They're planning on having no-copy transferable items within their own ecosystem. Second Life has had those for years. They're a minor portion of the object market, especially since SL got rid of gachas ("loot boxes") for regulatory reasons.
The main use of NFTs that makes any kind of sense is monetizing popularity. It's a new form of celebrity merch. This is great if you're a celebrity, but not otherwise.
It's pumped millions of dollars into poor areas in developing countries. I think they would consider that a success. Remember, they're not investing in these NFT's, they're utilizing them to extract wealth from collectors/investors in the west. So for them, yes it's been a resounding success.
>No, Roblox is not getting into NFTs.
Not only will they get into NFT's, when they do they will have the largest marketplace. I don't own RBLX, or any NFT's, but the writing is on the wall. The Metaverse(s) are just getting going.
>That money comes from the poor suckers who are grinding away, buying Axies and hoping to make money. This is zero-sum, remember.
If you're poor, you're not buying those shitty tokens. The poor are the ones selling the goods for the tokens, which are purchased by people with enough disposable income to spend on digital "things".
If you have $100 to spend on an outfit for your avatar in some game, I have no problem if some family in the Philippines gets o eat for a month as a result.
Don't hold Axie Infinity up as a success.
No, Roblox is not getting into NFTs. They're planning on having no-copy transferable items within their own ecosystem. Second Life has had those for years. They're a minor portion of the object market, especially since SL got rid of gachas ("loot boxes") for regulatory reasons.
The main use of NFTs that makes any kind of sense is monetizing popularity. It's a new form of celebrity merch. This is great if you're a celebrity, but not otherwise.
[1] https://coinmarketcap.com/currencies/smooth-love-potion/
[2] https://coinmarketcap.com/currencies/axie-infinity/