What Do Filipinos Think Of Crypto And Axie Infinity? | Street Interview
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- čas přidán 25. 07. 2024
- Can you imagine making a living just by playing online games? Well, that’s actually the reality for many Filipinos who play the crypto-based online game called Axie Infinity. Worldwide, Filipinos take up the largest percentage of the overall player base and it was the most searched game in the Philippines in 2021. So, how does this game work and why is Axie Infinity so popular in the Philippines in particular? What are Filipinos’ views on crypto in general? Our Asian Boss reporter hit the streets of Manila to find out.
The opinions expressed in this video are those of individual interviewees alone and do not reflect the views of ASIAN BOSS or the general Filipino population.
0:00 - Intro
0:31 - Do you invest in crypto?
1:22 - What’s Filipinos’ views on crypto?
2:25 - Explanation of the game Axie Infinity
4:14 - Why is Axie Infinity so popular in the Philippines?
7:35 - Can you make a living from this game in the Philippines?
12:32 - Would you rather want to get paid in crypto or in cash?
13:33 - Impact of crypto and NFTs on Filipino society
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I live in the Philippines and I think this is mostly representative of the bigger cities like Metro Manila and Cebu, not so relevant for countryside. Maybe I'm wrong. But I love the video, interesting to learn what Manileños think
LOL yes. Maybe even a niche market.
True. I think most people here outside of very urban areas don't really care for crypto unless they are one of those people who are constantly in the web for stocks and such.
There are several groups that are based in the countryside. I was part of one that is based in Tarlac and there is a group based in Bataan.
@@Vincent-rq2hy oh okay, cool to know. I guess I'm just out of touch, 2020 to 2021 has been like a fever dream
@@339blaster Same sentiments pre. It feels like a blur
I thought they were going to discuss eSports, but only a small number of highly skilled players can make a living doing that, and you'd have to be in a country where it's really popular like South Korea. Crypto has the potential to provide economic security only if you're well versed in the space. It's much easier to lose money because of all the different tokens that exist and people panic selling when they see short term price action.
Tbh making an "eSports" out of this game is unlikely since the combat is so luck based and the "skill" is just people gambling and guessing opponents moves and the critical damage system is also just stupid and we don't like having RNG elements in competitive games.
@@svriko like other card games? Every card game has an rng element.
@@nushia7192 the only other game I could think of that have hard reliance on rngs(on some cards) is Yu-Gi-Oh with its dice and coin flip mechanics
Filipinos are great. 🇮🇳❤🇵🇭
The major problem here is that it seems non of the interviewees realises where this money (that they get from the game) comes from. It does not come from some form of useful production, construction, manufacture etc. It comes directly from the pockets of other players than come into game after you, after you advertised it, they LOOSE money that YOU gain, because you got there first. Eventually, there will be no more "suckers" or "fools" that will come into the game, and the system will crash spectacularly. And the society, as a whole, will loose.
And how is that different from buying in-game items with real money?
Atleast the money circulates, and just does not only end into the hands of the devs alone.
You also do not understand how it works probably you must understand it first. You people called the domain buyers fools and suckers just like before, but without them there wouldn't even be: facebook/youtube/twitch/twitter.
@@nushia7192 Its very different from in-game purchases. In-game items is not promoted by the devs as "investments" or way to "earn real cash". It's there only with the purpose to support devs and/or get some SWAG/more enjoyment from playing the game. Yes, you can potentially sell your account by telling somebody your password, but this is strictly forbidden and will likely result in a ban. Crypto money does not circulate the way you think. You cannot buy anything using it (except drugs and guns ofc). The only people that can profit from crypto are miners, people that convert it to real cash and few lucky smart-pants that cashed out their crypto early "on the rise". The rest of the society will only loose, not profit from it. It's not overall wealth gain, its redistribution of wealth with gambling.
It seems that its you that don't know the fundamental info about crypto. I recommend you to google "crypto is ponzi" and "pump-n-dump" and reading some articles, watching some videos to educate yourself. Facebook/youtube/twitch/twitter has nothing to do with crypto whatsoever. "Suckers" is not a derogatory term here, it's financial term used in ponzi and pump-n-dump schemes. Synonym of this word is "bag holders". Again, I recommend you to educate yourself on this matters.
Is a pyramid scheme, the people joining at the end when the economy of the game crash will lose their money
This is nice interview but I wished they also asked about the initial investments or cost required before starting in Axie Infinity? I've heard that many Axie players are not independent/solo players but are "employed" to play. So I wanted to hear whether those interviewees were part of Axie groups with informal employer-employee relations. If yes, what were their conditions on playing and what are the agreements on salary? I also wished they ask other people who doesnt know Axie or who knows Axie but didn't choose to play it.
basically people with extra axies (managers) can lend out their axies to scholars to play. in return they get a cut of the scholars' earning. so basically the scholars are playing with no starting cost, while the managers are earning commissions from the scholars
@@xDCloudStrifexD so its the same as decentraland where the person with outfit can lend other people their outfit and cut their commission?
@@kaus05 hmm i didnt play decentraland. i suppose it sounds similar.
So this is what I could answer so far as an axie scholar (employee). A manager needs to buy a team of 3 axies for 1 scholar to play. 1 team could cost around 1k to 1.5k USD, but rn with the situation of crypto in general, the value is going down real fast. To give an example, mid last year, the value of SLP is 0.42 USD right now its 0.01 USD. So the avg player rn would barely make some money. I personally had a 60/40 cut and I was required to get 120SLP daily which is insanely high for a beginner/just starting out (the minimum avg is 75 since most players could achieve that).
Edit: 1k to 1.5k USD for a team is overpriced and that was the price for it last year, you could buy a team for less than 500$ now
in our team we have
Sponsors (they provide money to buy axies)
Managers ( they manage the 'scholars' aka the players)
Scholars (players)
60% - goes to the Sponsors/manager.
40% - for the scholars.
the salary is on SLP, so it's really not fixed and is based on performance
A scammer and an idiot will always find a way to meet each other…
They love it, I'm in a relationship with a filipina andd she can't stop talking about it with me 😂😁
I'm also in a relationship with a filipina but she doesn't know Axie Infinity. How old is she?
@@donaldanfreud9595 mine is 30 years old
Not sure if you can call this an investment, it's more like speculative trading or gambling. Crypto and virtual currencies are down 40-50% from their highs in November and $1 trillion in lost value.
Bro....that's mad
i mean its literally the same for growth stocks. netflix just dumped 20% in 5 days. but hey because everyone been calling crypto speculative so crypto bad
There's different types of investments. In can be a speculative investment. Speculation gets a a bad name for some reason.
So is stocks. What is your point? All investment assets are bound to price movements whether it is up or down.
To be honest everything is speculative because we can't see the future.
Commenting at the end of July 2022 to say that even the deafmute would shy away at how quiet the Axie Infinity bros are being lmao. The filipino and his money are easily parted when shortcuts to success are sought out.
awesome interview! the interviewee's are very knowledgeable and the could explain mostly what axie is and know the risk. amazing job asian boss!
Honestly, Filipinos are extremely talented artists. They can sell NFTs. Ride the wave, even if it's temporary. It's a better bet than playing a game.
It's sad to see Asian Boss essentially produce commercial promotion of a ponzi-scheme.
There's a lot in Malaysia too but NFT is a famous one as of now. I've invested a lot in Ethereum, I would say it has ups and downs but real worth it .dk how long this thing wil stand strong as gold is much valuable in the end of the day.
Ethereum is definitely worth it. Don't sell. Keep it.
In my perspective, most Filipinos are more open and risk-takers when it comes to these new investment platforms such as cryptocurrencies and NFTs, but this might also be a downfall if they are investing just for the hype or for the hopes of earning huge amount of money in a short period of time. I, too, have invested in some cryptocurrency coins so I know how volatile it is compared to classic investments like stocks and bonds, the highs and the lows are much greater. But I did a lot of research about the organization behind and purpose of the coins I have invested in and only invested the money I am willing to be taken away if ever the value of my investments go bearish (or else I just hold and wait for the right opportunity to sell based on technical analysis and indicators). All in all, whenever you have the plan to invest on something, do a plenty amount of research and try to not focus on one portfolio to invest in, diversify it rather.
You mean gullible
Awesome insight. Thanks Asian Boss.
Wow, I'm totally impressed by the guy with a [white] KN95 mask 1:56. He's super knowledgeable and right on for every question asked - from understanding of cryptos and the Axie Infinity game, to regulations and investment philosophy. Bravo!
Time will tell whether it's an investment or like the tulip mania. I think the latter.
Nah, he called the game investment. Gambling should be the better term.
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I don't think the "earning money by online games" era can last for long time.
So I think people should study hard in school as hard as playing online games for their future.
@Helpline ➕❶❸❶❹❼❶❹❺❷❶❷ idc if u're a bot stfu
there's a lot of variation in what people seem to think is a standard wage for regular jobs.
Is Asian Boss able to do follow up interview on this. the aforementioned "game" just did the biggest scam on the NFT game world.
This
Is 3:02 correct? I thought you could only play if you buy a team from other people?
"A victory won through dishonesty means it’s no victory at all.” - Suzaku Kururugi
Yes it was true, early players earned a lot while most of Filipinos now lost their money. The game is just like any casual game and fun to play when you pay more for better Axies. It is a legit game on top of a modern day scheme that never existed before. SLP is down more than 90% that is why the marketing team is so desperate on hyping the game. Stay safe everyone.
It's a scam
@@omniyambot9876 It is not a ponzi scheme that existed hundred years ago. Is is a modern day scheme on steroids that was never seen before. It is much worst than ponzi.
@@loveredmoon2600 oh yes.. I love that there are people like you who knows..
@@loveredmoon2600 but it is a ponzi scheme tho?
@@spazyu much worse than ponzi
But to start to earn you need to invest real money from your pocket to buy 3 axie, that it's at least RM2000 or $477 USD
And you need to play at least 6 month in order to gain back your invesment. Not yet getting profits. you will get better profits after a year.
But most filipino are employed by them to play with a contract of 40 - 60 or 30 - 70 were the employer have the most percentage of money earned
Just bought a decent team for 240 usd
@@lunchbreak8416 😅
There is a thing called twitch for this stuff. But this is a good way to teach about cryptocoin.
Nft games can be real estate. Specifically the Splinterlands games, you rent out the card that you owned
An Idea For The Next Topic: What Do Filipinos Think Of The Aksara Kawi?
The Aksara Kawi writing system is set to be added to the series of Unicode blocks later in 2022.
I remember playing mmorpg where people use character bots to farm for ingame currency drop from monster and sell it with real money
That's why i love mmorpg
I'm filipino. I dont know any games.😄
Same 😂
@Stuntmen visayan? Or visaya?
Visaya is apart of philippines.
You lives in slum
@Stuntmen Visaya is part of the phillipines, so therefore yes, Visayans are austronesians. Most sites also mention it.
@@vandeseroy3266 🙄 if you have nothing nice to say ! Just shut up.
Please do not promote axie infinity scam
如果是play to earn，那么如果earn不到了，还会play吗？只有货币紧缩周期的到来，才能让可爱的菲律宾人民明白劳动才是财富的唯一来源。
没错 能earn的本质原因是不断有新的资金进场。说的不好听的，是新来的人割后来的人韭菜，一旦熊市来了风险很高，不看好这种模式。。
Nowadays its high risk low rewards game due to it being sistematicaly unsustainable. Profitable for the old players. Slp is already less than a peso now and still going down,
More punishment will most likely be added but the best it can do is to slow down its depreciation.
Investment is great as long as you earn from it.
This does not help economy as no product is being created, old player will profit but most of the new player who invested on its peak and on the latter part will loose,
Its like gambling in a sense you only earned by taking what others brought to table.
Unlike earning by selling a product at higher price than its raw material.
Both you can earn but the other have product.
Ive met Axie players, and my point still stands about Scholarships, its shadowy and sus. I invest in Crypto (Eth, btc, etc), but I never use NFTs as an investment...and the only NFTs I use are Gacha Games...I mean really, I rather have sexualised buff men and women that can kill me when they hug me where I can draw them and make fanfictions than a round Axolotl game that plays like your sweatshop mobile game or a silly picture of an ape or a lion.
wtf did u just said 😐
Interesting insights
Super 👍👍👍👍👍👍
SLP is down to almost 50 cents PHP now lol.
this came out when the slp is just P0.6 somthing
Just be careful with what ur putting ur money into. Do your due diligence.☺️
Idea fro next video: China is becoming more powerful and US is starting to take note. As sino-american rivalry intensifies, how do people from Thailand and Philippines (both American allies that have seen recent economic prosperity with China) feel about what their country should do? Who should it side with? Why?
These people are known crypto experts. Now I'm convinced they screened their interviewees before they go out to the streets. 😂
care to name them?
I don't play but some of my friends play ths game,,napansin ko lang😊
Its better 2 play ths game if u have a Wifi connection "mahal kc ang load "feelng ko lugi sila compare sa makikita nila,,,But
Ibang usapan kung nag-e enjoy sila😊😊😊
This is quite interesting
Indeed
I don't see myself playing these kind of games. I would be afraid to loose money.
Crypto royale is completely free
@@asstroeongdong-min1709 i don't even understand the crypto currrency
@@ignaciojoelnexlsoncanas29 para lng siyang pera pero digital, isipin mo kada bansa iba iba value ng pera sa philippine peso(example: US$ 1 = Php 50) parang ganun din ang crypto currency kada coins/token may kanya kanyang value..
@@user-rx1vb7lq6e i'm sorry i speak spanish or english
@iamsaahilsingh a world where money is tangible, indeed
I'm from Manila and in my opinion, there are more people playing here, but maybe it's good for the government to know that they make money from playing so that the government will be aware of the real issue in the Philippines that people are paid low, so they are looking for a way to I still earn a lot of money, the government is numb here in the Philippines and it's corrupt, so the others prefer me to play and earn that kind of money, but in reality, most of those who play are just good at games and I have a higher knowledge of games. I don't know how to play. It's a game but if I learn that, maybe I'll just play too
they are not solo gamers, they are sponsored, BIG difference in the amount of coins/money earned. the solo gamer/worker has to do everything, i.e. buy the axie, train, compete, earn, know when to sell/hold earnings, stake, defi, etc... while the sponsored "gamer" just plays n gets paid. so it really is not a "play to earn" model, it's more of a "sponsored to get a pay check" model until the ponzi money runs dry. they don't have or even know how to make it a self sustaining ecosystem.
they did not talk about the initial investment in Axie,
It would also be better if they were asked what they know about the structure of the game (how they earn) and the legalities of the game. I would want to know how will the game be sustainable.
It will not. They money initial luckers get, are from "suckers" that come after them. Its classical Ponzi scheme in a new high-tech wrap. Eventually there will be no "suckers" left, and system will crash spectacularly.
There's no sustainability. It's just hope. Hope that another/new player will invest their money to buy (SLP) so you could earn money. With the enormous supply that the players already piled up from in-game. There's no way that coin is going up again
I wished you interviewed more folks who actually know something about crypto. In guessing these were hand-picked but nothing insightful about the content of what they said really. Its just Filipinos liking axie. What else is new?
its going down . and no were not earning 10k+ per month hahah right now im earning only 1950 per half-a month although i only play 2.5hrs per week . slp is going down
That statement "hindi ko naman po sinasabing mga Pilipino madaling mauto" , well, yeah?
When was this filmed? If they haven't pulled out they're getting wrecked.
We can't go down forever! right? RIGHT? 😥
Why would they pull out when they are earning more, since they are early investors, they've probably played before the boom in value so they already got what they have invested.
@@123evilwolf Bad tokenomics?
A very educative video.
Can you react to Kaitou Joker?
Thailand when
I think it's not popular but it's mobile legends I didn't hear that game.
Journalism at its finist just report the income but does not show how axie economy works. Slp is a utility token to breed axie since devs became shitty in the recent nerfs and buff do you think breeders now will be breeding? And if no one wants to buy slp for breeding and no other way to burn it what will happen? Critical thinking guys if its good to be true then its not
Wow informative 😮
You are stealing money from other players. Don’t call this game an investment. They should call it gambling.
The video concept is quit good. Maybe you must ask more random people on the street about it.
@Asian Boss Helpline ➕❶❸❶❹❼❶❹❺❷❶❷ please stop scamming people
Looking at the underlying technology in the whitepaper, it's clear that Axie Infinity just uses the front of web3 to sell its brand and are just running a centralized sidechain. Honestly, I'm sad that such a low quality project has become the most popular game in the Philippines.
Bat di ganto ang quality ng camera ng abs cbn at gma?
Do women not play it?
Welp, crypto got absolutely massacred.
Good video 👍 🇮🇳❤️🇵🇭
Axie is not registered to legally operate in the Philippines.
Welcome to the internet. They don't have to be registered in the Philippines in order to operate on the web.
They are decentralized dude
I didnt invest in crypto cause i was too busy on my graduation and studies so id choose my education than those things pero sana maka pasa ako hahaha
starting investment: around 9k pesos, cheapest axie is around 3k and u need atleast 3. so 3 x 3 = 9
@Asian Boss Helpline ➕❶❸❶❹❼❶❹❺❷❶❷ i liked ur comment above lol
The perception of Filipinos is that Bitcoin is currently having a half off sale.
*Folding Ideas* made an excellent video on this and related issues. These 'games' and crypto in general, are a scam.
yung naka puti ng mask yung my alam talaga!
Why do you have to stoop so low asian boss
Kabubu nung Isa..si axie daw magbabayad sa maglalaro cyempre mag invest ka muna..scholar ata Yun eh..wlang nilabas na Pera..
Wow what a nice content indeed , I’m pleased to find such video with such reasoning , Crypto has been one of the Top investments that are Appreciating In this recent Generation , Big ups to Ryan Micheal Services who made me see the future from Crypto .
I agree with you The Content is interesting but it’s not that Clear for Newbies and Beginners to Gain Major facts about the world of Crypto , One thing about investing in crypto is to make up your mind , set your eyes on a goal , on a very serious note it’s important to get certified Broker ( Certified Financial consultant ) Which will be of lot Good to you as a newbie , I’m not against trading on your own as a newbie but it’s very risky and welcomes high risk of losing all capitals to dip
Crypto has helped a lot people out of slum of poverty and unemployment catastrophe .
Im a newbie here , I’m having issues with my portfolio I bought coins and started my trading and investment in crypto my self but I have got to understand I need help , please how can I reach Ryan Michael services ? I have come across a lot of testimonials about him .
@@arabellamuller2461 Look up for *Ryan Micheal Services *
@@antoniorichardson7535 My Thanks a lot I found him and also working with him
These are not street interviews. She picked these people to interview. Go out onto the actual streets, use Tagalog, and see how many people know anything about crypto. You won't have much of a video
Well, I assume people who live in Manila are well spoken in English because of these videos
It is street interview but selected people who knows crypto
@@asahi_ih They're not. Watch the video specifically about English in the Philippines. Almost no one can speak a complete sentence in English. There are only certain areas where people can speak completely in English, but most parts of Manila cant
@@minim6981 I see, not-so-good representation here then of the general public
@@minim6981 yep, I also made 2 detailed posts in here about the game, both got deleted. They got probably paid.
Thats explain why theycare f pooor
Crypto is banking the unbanked in Philippines. Financial freedom is one click away.
I live in the US. But bless these Pinoys with crypto winter now. Remember : don’t ever invest what you can’t afford to lose!!
It's so strange that a few people suddenly switched language in the middle of answering a quesiton!
It's called Taglish, while English is the second official language, it's just easier to speak Tagalog/Filipino, so people would switch
some tagalog words are just too "deep", its much easier to taglish.
@win @Sam Thanks! That makes sense and reminds me of Singlish in Singapore.
Nope that's typical for Filipinos to suddenly revert back to Taglish from full English.
My brother plays AXIE full-time while finishing K12 and little by little he's able to help w our home's utility bills, I'm proud of him since he's still have time playing varsity football. There's really a positive impact as long as the players know how to manage their investments properly.
I'll be honest guys, as a 19 year old, I've always heard of crypto, and just now, I am convince in learning this new trend of earning money
Sorry but right now crypto is experiencing a downtrend. It's not recommended to invest (gamble) in any NFT games or tokens
🧑💼
ECOMI to the moon! :)
Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life
Bitcoin is the most profitable investment online if only you trade with a professional broker
l I'm even ready to invest $200,000 once because I have up to $500,000 on my coinbase wallet
@Loveth Adejuwon I'll advice you try expert Mrs Alexandra Davis her trading strategies is really working for me cutting losses and ensuring profits
Contact her on FB
Her username on FB
Ok, now ask them what they think of the massive negative impacts crypto and nfts have on the environment
>NFT GAMES 🤮
Interesting! Would be interesting to see how many women play and earn as there were no women interviewed. The second is and earn and if this is a tool to alleviate poverty--because for a host of reasons, this seems more like a middle class stabilization; possible wealth building disruption. Thank you again for the insight. Raises lots of questions to consider.
It's not the way to fight poverty. Contrary, its actually very dangerous trend and this is the reason why USA and EU is considering to completely ban it. The major problem here is that it seems non of the interviewees realises where this money (that they get from the game) comes from. It does not come from some form of useful production, construction, manufacture etc. It comes directly from the pockets of other players than come into game after you, after you advertised it, they LOOSE money that YOU gain, because you got there first. Eventually, there will be no more "suckers" or "fools" that will come into the game, and the system will crash spectacularly. And the society, as a whole, will loose. At least, if you invest in company stocks, it goes to the company and boosts economy.
@@ScienceDiscoverer Thank you for the clarification....that point on where's the money is significant and also my question on crypto currencies generally.
Interesting to know that other than being pregnant in their teens, Manileños also play games
"Imagine making a living by playing games"? Uhhhh, where have you been? That's like, a majority of CZcamsrs, my dude, LMAO
Different, youtubers make content and put efforts and money to make a video, gamers just put efforts to earn money
Their source of income is different as well. Axie infinity players literally derive their source of income from the game whereas CZcamsrs source of income is not affected but the in-game economy.
But u dont have to be famous. Example crypto royale is free and u can start earning on day 1
And "majority" is off because only like 0.001% make it
I invest in crypto last year. The return is high but the risk is higher. Just invest what you can afford. Crypto is very rewarding in my own experience.
Axie Infinity is now dead in the Philippines, I'd rather sell NFTs than play this kind of games.
It's called gambling........
Is this a paid advertisement for axie??! I like this channel but shame on people who made this video promoting a scam.
Mabuhay!
Can any Filipinos please let me know if China is still doing what they do in Philippines?
Last I heard, the CCP was funding Abu Sayyaf and trying to illegally annex islands. And to add insult to injury; illegally poaching the territorial waters and dumping waste offshore.
Idk any update about China-Philippines Politics but my Chinese sugar daddy pays for my tuition. Lol
Yes China navy bully Filipino fisherman.Hoping these navies consider that thse Filipino fisherman are only common people.
@@CypressC2j
Perhaps a mutual defense coalition between the countries whose territorial waters are infringed upon by the 9-dash line would help? I believe Vietnam, Thailand, Malaysia, Indonesia, and Brunei are all in the same boat with the Phillipines.
@@China_Secret_Police agree
Crypto is just another scam.. your money only grows when you keep investing. as soon as you stop, it just goes down and just keeps going down..
Is it not the same with stocks tho?
@@AChouLaw stocks: there's a real company that sells products
@@genaldgalicia5834 but your money also only grows when people keep investing. Afaik some cryptos like decentralized networks actually have value
Its not like they are getting scamed by crypto they are the ones earning not getting scam
And most of these guys really didnt invest where is the scam for them?
And as they said dont invest much only in vest the money u can lose and if they invest? They can earn and lose money just like stocks
All tho they are only buying imaginary things they are earning and losing money like stocks but the things is its imaginary but have a value (but valueless if they stop this stupid scam) just like buying bonds and other investments
Haysss
And why bother?
Its not like u are the one who will lose the money
Let them be
*me being the uncanny meme in the slp exchange (13Php > 0.65Php)*
Hahaha, lose
I would like to learn about this "Crypto" crap? Invest in market is my opinion
Many people loss their capital by playing this game btw
Anyone here to give me scholarship?