{"id":10822,"date":"2023-08-22T04:18:45","date_gmt":"2023-08-22T04:18:45","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/22\/axie-infinity-play-to-earn-model-raises-concerns-in-philippines\/"},"modified":"2023-08-22T04:18:45","modified_gmt":"2023-08-22T04:18:45","slug":"axie-infinity-play-to-earn-model-raises-concerns-in-philippines","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/22\/axie-infinity-play-to-earn-model-raises-concerns-in-philippines\/","title":{"rendered":"Axie Infinity Play-to-Earn Model Raises Concerns in Philippines"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a href=\"https:\/\/nftevening.com\/the-biggest-blockchain-game-axie-infinity-play-to-earn-model-explained\/\" target=\"_blank\" rel=\"noopener\">Axie Infinity<\/a> in trouble? The Philippine National Police Anti-Cybercrime Group (PNP ACG) has turned its focus to cryptocurrency games, issuing a stern warning to Filipino citizens about the potential risks and scams prevalent in the gaming community.<\/p>\n<p>Specifically, the PNP ACG highlighted Axie Infinity, a play-to-earn metaverse game on Ethereum. The game employs a model similar to Pokemon-inspired gaming. Here\u2019s what we know so far.<\/p>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Philippine National Police Anti-Cybercrime Group warns citizens about risks and scams in cryptocurrency gaming.<\/li>\n<li>Axie Infinity\u2019s play-to-earn model draws concern due to high upfront investment and potential losses.<\/li>\n<li>PNP ACG advises cautious approach, highlighting potential hazards in the volatile world of crypto gaming.<\/li>\n<\/ul>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" fetchpriority=\"high\" class=\"aligncenter wp-image-124584 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07.jpg.webp\" alt=\"Philippines players playing Axie Infinity game\" width=\"800\" height=\"533\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07.jpg.webp 800w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07-300x200.jpg.webp 300w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07-768x512.jpg.webp 768w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07-84x56.jpg.webp 84w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07-150x100.jpg.webp 150w,  https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07-450x300.jpg.webp 450w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/noscript><\/p>\n<h2><span id=\"Axie_Infinity_Under_Scrutiny_By_Phillipines_Police\">Axie Infinity Under Scrutiny By Phillipines Police<\/span><\/h2>\n<p>The Phillipines police cautioned against the costly play-to-earn model of <a href=\"https:\/\/axieinfinity.com\/\" target=\"_blank\" rel=\"noopener\">Axie Infinity<\/a>. To initiate gameplay, users need to purchase a minimum of three Axie characters. This amounts to a hefty $300 investment before they start earning. In contrast, the PNP ACG underscores that <strong>traditional gaming costs an average of $100 per user<\/strong>.<\/p>\n<p>The allure of cryptocurrency gaming comes with its own set of hazards. This is because gamers can easily lose their digital tokens and<a href=\"https:\/\/nftevening.com\/nft-non-fungible-token-guide\/\" target=\"_blank\" rel=\"noopener\"> nonfungible tokens (NFTs)<\/a>. Market volatility, sending tokens to unsupported wallet addresses, and online scammers pose a continuous threat. The PNP ACG\u2019s message echoed a crucial principle in crypto investment \u2013<strong> even though the underlying blockchain might be secure, the gaming engine and marketplace may not be.<\/strong><\/p>\n<p>The advice aligns with general cryptocurrency best practices. It urges users to conduct thorough research before investing, be cautious when dealing with unknown entities, and remain vigilant against phishing attacks.<\/p>\n<p>Meanwhile, the Department of Information and Communications Technology (DICT) in the Philippines has forged a partnership with the Blockchain Council of the Philippines (BCP). This alliance accelerates Web3 adoption in the region. DICT Director Emmy Lou Versoza-Delfin emphasizes the rise of innovative blockchain startups, successful business solutions, and initiatives aimed at utilizing blockchain for the public good.<\/p>\n<p>As cryptocurrency gaming gains traction, the PNP ACG\u2019s warning highlights the importance of education and vigilance in navigating the rapidly evolving landscape of digital assets.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/axie-infinity-play-to-earn-model-raises-concerns-in-philippines\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Axie Infinity in trouble? The Philippine National Police Anti-Cybercrime Group (PNP ACG) has turned its focus to cryptocurrency games, issuing a stern warning to Filipino citizens about the potential risks and scams prevalent in the gaming community. Specifically, the PNP ACG highlighted Axie Infinity, a play-to-earn metaverse game on Ethereum. The game employs a model [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/axiephilippines_2022-02-15_11-10-07.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10822"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=10822"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/10823"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=10822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=10822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=10822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}