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Asia Techonomics: Playing instead of working: “Axie Infinity” is causing a crypto boom in emerging countries

Asia Techonomics

In the weekly column we alternately write about innovation and economic trends in Asia.

(Photo: Klawe Things)

If you want to visit the absurd excesses of the crypto madness, you should stop by the Philippines. This is where John Aaron Ramos lives, a student in his early twenties who owes his new home to a blockchain computer game. In the south of the capital Manila, he wrote on Facebook that he was able to purchase two properties for himself and his family with the income from the game that he generated from playing for months.

With the viral entry, Ramos quickly became the figurehead of the new dream of rapid crypto prosperity in his homeland, which has become a mass phenomenon in emerging countries like the Philippines in recent months.

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Reference-www.handelsblatt.com

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