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The Rise of Axie Infinity: A Double-Edged Sword in the Philippines
In recent years, a new trend has emerged in the gaming world that combines fun with financial incentives, giving birth to the “play-to-earn” model. One game leading this charge is Axie Infinity, which has captivated millions, particularly in the Philippines, during a time of economic uncertainty. With many Filipinos losing their jobs during the pandemic, this game offered a way out—albeit through a digital realm of non-fungible tokens (NFTs) and cryptocurrencies.