In this episode, Angel Investors Lee Richter and Erik LaPaglia do a debrief on Axie Infinity. When Axie Infinity initially launched, the starting price was around $150-$200 worth of Ethereum. Now, it is 10x that to get in. Learn what it is and why it's important to you.
Essential points covered in this episode:
[00:13] What is Axie Infinity? Axie Infinity is a digital adorable pet universe like Pokémon where players battle, raise, and trade fantasy creatures called Axies! You can set up a digital wallet, buy Axies, and download the application. Learn more here: https://axieinfinity.com.
[00:52] Why is the Axie Infinity Debrief important for people to know about? Erik LaPaglia says, "because it's changing lives! People thought it was fun and lighthearted and jumped in!"
[1:37] Users spend over 2 hours a day on this platform. Media companies would kill to have those types of numbers. Look at the possibilities as these projects grow." Eyeballs for over 2 hours is unheard of anywhere else!
[2:02] The biggest sales force is in the Philippines. Certain countries have massive adoption of projects, and their workforce is gravitating towards this because it's a much more lucrative path to financial freedom. People can make money from playing games with each other.
[3:04] The average salary in the Philippines is $200 a month. Folks, on average that are playing this game in the Philippines, are earning five times that a month. It is a game-changer for these people. It gives them educational opportunities and medical advances.
Erik LaPaglia is an angel investor, an entrepreneur, and a founder of successful companies in real estate, advertising, film production, consulting and retail.
Connect with Erik on LI: https://www.linkedin.com/in/eriklapaglia/
Lee Richter has kept herself busy over the past 25 years. She has run a dozen successful businesses generating over $100 million in revenue. She is the CEO of multiple seven-figure companies, including Richter Communications and Design Group and The Pet Concierge. With her knowledge and skills in business, she loves to mentor other aspiring entrepreneurs to model her success.
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