Axie Infinity Part 1: A look at its P2E model and governance

Play-to-earn (P2E) made headlines throughout 2021 as the adoption of blockchain into gaming progressed, primarily through the introduction of in-game assets (e.g., NFT and game tokens) that are susceptible to free-market forces. P2E is essentially a model in which gamers can earn in-game rewards, acting as a widely used model in blockchain-based games today.  

The revenue stream for blockchain-based gaming is primarily derived from the sale of non-fungible in-game assets or NFTs. As demonstrated by the weekly count of NFT sales on marketplaces, gaming NFTs continue to grow in popularity despite the overall decline in NFT trade volume.