Play-to-earn blockchain games are making founders and players rich

Some people may have heard of the blockchain and cryptocurrency game Axie Infinity, a game that involves breeding and fighting cute monsters called Axies. One of the main reasons the game has reached the ears of so many is undeniably its success, which can be measured in the number of players who play regularly and its rapidly growing market capitalization of $ 8.5 billion. Well, one of the new names in the Australian Financial Review's Young Rich List 2021, the list of rich young Australians for 2021, has built his recent fortunes thanks to this game. To give an idea of ​​the value of this world, 850 million dollars have passed through the market for this game in the last three days alone.

Four Australian brothers are also on the list. Three of them are co-founders of a blockchain game under development called Illuvium. Kieran, Aaron and Grant Warwick hold in-game ILV tokens valued at AU $ 463, 425 and 196 million respectively. A fourth brother, with an estimated fortune of $ 879 million, is also involved in Illuvium.

Illuvium is still in development and is not expected to launch until next year. However, based on speculation alone, ILV is currently ranked 158th on Coin Gecko, with a market cap of around $ 600 million.

These are two of the many blockchain games that are played or are under development. The expectation is that one day everyone will exist in a metaverse where value can be transferred through gaming networks. Some elements of what is used in one game could potentially be recognized and used in another.