Are play to earn crypto games like Axie Infinity a ponzi scheme or pyramid scheme? In this video we break down what a ponzi scam is and answer the question about blockchain games legitimacy.
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0:00 Intro – Are Play to Earn Games a Pyramid a Scheme?
0:55 Definition of a Pyramid Scheme / Ponzi Scheme
2:25 Do games add value to players? Yes.
5:55 History lesson – a real Ponzi scheme
12:59 When people question a pyramid scheme, that’s when it collapses
14:12 Conclusion – It’s clear play to earn games AREN’T Ponzi Schemes
15:41 Final example – How blockchain game economies work
18:35 Outro – Thanks for watching!
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✔️ Check out my countdown of the TOP 3 PLAYABLE blockchain games already out today!
#PlayToEarn #CryptoGames #NFTGames #BlockchainGames
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👋 My name’s Jake, AKA the On Chain Gamer, I’m a 25 year old who loves science fiction, investing, crypto and gaming… I feel so lucky to be able to share my passion thru my videos! Ready Player One is one of my favorite books!
❓ On Chain Gaming means gaming on the blockchain where gamers have real ownership! Traditional games keep ownership of all in game assets & have the right to termite items from your account and prohibit their resale. That’s NOT player ownership, but Blockchain games give REAL ownership of in game items and currency to players! NFT assets on the Ethereum blockchain mean in game items can be stored in crypto wallets, used in game or sold to other gamers for REAL MONEY! Crypto games enable real PLAY TO EARN game economies because wealth in blockchain games translates to wealth in real life! Blockchain gaming merges the real economy and virtual game economies into one massive economy!
🎵 Music By Josh Freeman
🎥 Edited By Nate Browatzke
🎨 Intro art by Juan Casini –
⚠️ This video was created for entertainment purposes ONLY! This is not financial advice. While this video does reflect my honest opinions at the time of making this video, NFT’s and all unregulated crypto assets have risk.
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Thanks so much for watching this blockchain gaming video!