Axie Infinity's dizzying ups and downs may serve as ample warning to potential investors in the volatile crypto world.
MANILA, Philippines – At the height of cryptocurrency’s pandemic boom, migrant worker Gian Carlo McGlay thought he had found a way to ride out lockdowns and provide an income to dozens of jobless people from his hometown in the Philippines.
McGlay’s “scholars” – a term used for players who cannot afford to buy the game’s characters themselves so instead rent them off so-called managers in exchange for a cut of their earnings – initially earned 5,000-10,000 pesos per week. Yield Guild Games , a group that invests in NFT games, said it “prioritized providing scholarships in emerging economies where job opportunities are lacking and government relief has been limited” during the pandemic.
“I felt like a drug lord,” Cruz said. “I could buy everything I wanted – every item inside the mall was never too expensive – during that time.” “It’s no longer worth it. The gameplay also became more difficult,” Cruz said, adding that it was now difficult to earn 50 SLP per day – down from 150 in its heyday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Filipino basketball passion project comes into fruitionTo open this column, I would like to give my sincere thanks to the Manila Standard for giving me the
Read more »
Sara Duterte: Target 100% of Filipino youth are in schoolVice President and Education Secretary Sara Duterte on Monday called on parents and local government units (LGUs) to ensure that 100% of Filipino youth go to school.
Read more »
Filipino-Canadian Tyson Venegas secures Top 12 spot in ‘American Idol’Tyson Venegas is definitely not going down anytime soon after his advance to the Top 12 of the “American Idol” following his powerful rendition of the Elton John hit song “Don’t Let the Sun Go Down on Me.” | HMallorcaINQ
Read more »
Gov’t eyes giving Filipino repatriates in Sudan ‘temporary jobs’ in Saudi Arabia — OpleThe government is looking into the possibility of giving Filipinos who left their jobs in war-stricken Sudan a temporary job in Saudi Arabia, Department of Migrant Workers Secretary Susan Ople said. | JEMendozaINQ
Read more »
UNICEF: Over 1 million Filipino kids missed out routine immunization in 2021The United Nations Children's Fund (UNICEF) expressed its concern as over one million children in the Philippines missed out their routine vaccine shots in 2021. ManilaBulletin
Read more »
VP Duterte highlights value of sports in Filipino youthVice President and Education Secretary Sara Duterte on Tuesday, April 25, turned the spotlight on the role of sports in teaching Filipino youth the discipline and hard work they need to succeed in life. ManilaBulletin
Read more »