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I'm Jeff, co-founder of Axie Infinity which made over $1B revenue. AMA 👇
Axie is the #1 NFT game by DAU, marketplace volume, and cultural impact. As Growth Lead, my mission is to grow the size and strength of both the community and economy.
I grew up playing video games and catching insects. Let's talk about community building, NFTs, metaverse.
AMA 👇
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Replies
@rrhoover Most of the cliche product and community building advice ended up working out and very few teams in Crypto follow these fundamentals.
@ediggs Not everyone who plays Axie is looking for a financial return. There are other types of rewards such as power, respect, and fun. These players trade their financial capital for other types of capital within the ecosystem.
I recommend taking a look at: https://axiepulse.substack.com/p...
for more information!
@ediggs I'm interested in social coordination tools but I'm worried that they might just be features for Discord to integrate rather than viable businesses.
How do you plan on growing the user base if gas prices make getting started very cost prohibitive?
@program247365 We've deployed our own Ethereum side-chain, Ronin to solve exactly this!
Hi, such a big fan of Axie Infinity! I was sharing to my friend about how the new Play to Earn economy was booming especially for upcoming students but she was worried that the new generation of kids were going to be lazier and used to P2E versus traditional ways of working. I didn’t disagree with her but I am totally for P2E but I was wondering what you thought about what happens in a world where that does happen? Thanks!
@dayvough I think determination and grit do not stem from the nature of work. There are very hard working people that become hard working gamers!
Hi Jeff, congratulations for your vision of integrating game and NFT.
I am your crypto investor, almost from day one.
What were your main difficulties and how did you solve them?
What would you say is the biggest thing that NFT marketplaces need to be aware of or concerned about in the next two years?
Hello. Are you thinking to implement any L2 solution because the prohibitive gas fees?
What is the future of Layer 2 solutions and NFT gaming? Will each ecosystem have their own L2 or will there be some great convergence? (shout out westchester).
@bradley_miles_ I think there may be a few distinct data storage layers but assets that, through adoption, are universally interpreted and accepted.
Hi Jeff. Axie is brilliant, but it's become too expensive to get into. I understand that prices of axies are determined by market forces and it wouldn't be wise to put a forced cap on prices, however, I suggest the company creating some beginner/ basic axies (that can't be resold but can earn) at significantly lower prices so that more people can jump in and join the grind. As things stand today, interested potential users have to wonder whether to buy axies of a PlayStation 5. Anyway, great job so far and best wishes for the future.
@ogunipe We will be working on adding some free starter Axies so people can try before they buy!
In addition, there's a system in place where you can borrow Axies from those that have a bunch! This is called the "Scholarship System".
Hey Jeff! Thanks for doing this AMA!
As a community leader, what's one thing you advise founders to focus on when building a community and one thing they should not bother about?
@5harath I think that especially in Web 3, community building is the only distribution strategy that works in the early days. It needs to be a grassroots movement. While it may seem like your time would be better spent on doing big paid campaigns and even reaching out to large influencers, you need to use that ammunition at the proper time. Community is the bedrock.
Hey Jihoz! : )
It's been amazing to see you take Axie from 2018 to what it is now. Congrats on your success man, $1B wow. I hope we can chill soon and catch up at the next NFT IRL event. We can discuss the idea of banning cats in real life again. Still cracks me up to this day some of the stuff we talked about on stream back in the days.
Cheers,
BitcoinLouie
@bitcoinlouie Dude, it's been an insane journey! You were the first NFT streamers I ever watched. Sending love and let's hang out soon.
Congrats on your hard work Jeff! I can't wait to see how the metaverse will change the way we live :) BTW, what was the most difficult part when you started up Axie Infinity?
@gouthamj We hustled for every single community member! We would speak directly to the community through Discord, recruit members from the CryptoKitty community, and find people through Twitter, Reddit etc.
Each member was super important and we built personal connections.
Hey Jeff, what did you find to be the most important part of building out your early user base so that you could reach critical mass and have Axie catapult into widespread success?
@russ_hamer Unscalable 1 on 1 interactions to supercharge the involvement of the early community. 80% of our new players come from referrals, the gamers are the publishers and app stores with this new model.
Hi, Congratulations on achieving the milestone of 1B$ revenue. No doubt NFT is the future of the gaming industry. I am curious about the NFT gaming future, I mean how it is going to achieve more business than formal gaming businesses.
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