Asian Insider

Axie Infinity, dubbed the 'gateway' to metaverse, falls out of favour with Filipino gamers

Youngsters using their mobile phones to play Axie Infinity, an NFT game, in Malabon, suburban Manila, on Dec 15, 2021. PHOTO: AFP
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MANILA - A game made by a company based in Vietnam is providing a hard lesson on what can go terribly wrong in a made-up world - the metaverse - where real money is involved.

Through most of 2020 till mid-2021, when the Covid-19 pandemic led to rolling lockdowns that decimated jobs as companies shut down, Filipinos desperate for cash turned to playing an online game called Axie Infinity.

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