Member-only story
The NFT landscape is absolutely booming right now. Not a day goes by where I don’t see a new headline about NFTs, from NBATopShot, cute fluffy Cryptokitties or even AxieInfinity empowering a village to earn a living during the Covid pandemic. Someone even managed to buy two houses in the Philippines with the earnings from playing Axie Infinity!
Now, as great as Cryptokitties and Axie Infinity are, as someone who’s just discovering the crypto world, there are 2 main issues that’s common to both these games:
- The prohibitive cost of becoming a player — A semi decent Axie today will cost you anywhere between $300 to $500, and since you need at least a team of 3 Axies to play the game, that’s an average startup cost of $1200 that you’ll have to invest before you can even start the game!
- The gas fees — The Ethereum blockchain is far too expensive at the moment, and the idea of having to spend $100, $200 to interface with the game is a scary notion.
As someone from the outside looking in, I can’t help but think — Am I just too late to the party? Have I missed my chance to #PlayToEarn since it’s just not realistic to spend $1200 for a game where I have no certainty of being able to make it back?
Maybe not.