Crypto and gaming collide in high-risk 'play-to-earn' economies


FILE PHOTO: A horse character called "Pega", which is raced by players in the blockchain-based game "Pegaxy", is seen in this handout image, Philippines, March 2022. Angela Hoffman/Handout via REUTERS

(Reuters) - Jarindr Thitadilaka says he made as much as $2,000 a month last year from his collection of digital pets, which he would breed and send into battle to win cryptocurrencies.

The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed "play-to-earn", which blend entertainment with financial speculation.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Woman kidnapped by ex rescued after friend tracks her with Find My iPhone, US cops say
Australia scrapped satellite because new tech could 'shoot it out of sky', says defence minister
Instagram plans to use AI to catch teens lying about age
World's first wooden satellite, developed in Japan, heads to space
This humanoid robot can now operate with full autonomy
Scientists use AI to help track penguins in Antarctica
Windows 10 users will soon have to pay to keep getting security updates
Musk and X are epicenter of US election misinformation, experts say
OpenAI in talks with California to become for-profit company, Bloomberg News reports
Meta to extend ban on new political ads after U.S. election

Others Also Read