Are Filipino Axie players plunging into debt?

However, the cracks had started showing way before the hack, and as a new report reveals, thousands of players were plunging into debt playing the game, many of them from the Philippines. The report by Time cited interviews with over a dozen Filipino Axie players, many of whom have had their lives wrecked by the game.

Did Axie Infinity's Ronin bridge hack cause debt?

The $625 million hack on Axie Infinity’s Ronin Bridge was seen as the beginning of its woes as hundreds of thousands of players started leaving the platform. However, the cracks had started showing way before the hack, and as a new report reveals, thousands of players were plunging into debt playing the game, many of them from the Philippines.

Will blockchain games Bring radical economic change?

And Filipino scholars, who were told that blockchain games would bring radical economic change, are walking away confused and jaded. Several scholars TIME talked to said they owe hundreds or even thousands of dollars to friends or family who helped them pay the initial investment, only for their monsters to become worthless.

How did 'Mad Men' impact the Philippines?

The game initially made a huge impact in the Philippines. At one point, players there made up 40% of the game’s user base. Roughly a quarter of the Southeast Asian nation of 110 million people lives below the poverty line, and its economy is heavily dependent on some 2.2 million migrant workers who send money back home.