Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. Sales in Axie Infinity are declining since August 2021 - when the game from Vietnamese studio Sky Mavis ranked as the world's most valuable NFT collection.
What is Axie Infinity shards (AXS)?
This because this cryptocurrency videogame is "play-to-earn", a relatively new gaming concept where players can earn tokens by just playing the game. These tokens - Axie Infinity Shards (AXS) and Smooth Love Potions (SLP) can be spent in-game but also trade on decentralized exchanges (DEXs) for real-world money.
Why is Axie Infinity taxable in the Philippines?
The source does not explain why the sales volume especially declined since this month, although it was around this time that the Philippine government declared games like Axie Infinity to be taxable. This because this cryptocurrency videogame is "play-to-earn", a relatively new gaming concept where players can earn tokens by just playing the game.
