The story broke on 29 March 2022, when $600-million was stolen from a specialised blockchain, the aforementioned Ronin “bridge”, which is actually a connection between two blockchains.
But Axie Infinity included startlingly innovative new tricks. It incorporated some of the first NFTs. These blockchain-borne certificates of ownership allowed players to “mint” their own pets — cute little oval creatures which could then be put into battle or bred with other cute pets to make new cute pets.
Previous videogames had various mechanisms to buy and sell treasures or weapons, but this was the first successful blockchain-tethered game — gameplay and cryptocurrencies and NFTs and blockchains all rolled into one ecosystem. It became a huge success. Once people realised that they could win battles, facilitate cute pet breeding and then mint the NFT of the new baby and sell it on an NFT market in return for cryptocurrency, all hell broke loose. I would ask you to reread the last sentence, but I’ll just say it differently.He manages, via skilful gameplay, to get his Axie pet to breed…He sells the NFT for his second Axie pet on this Axie NFT marketplace which operates on… you guessed it… the Ronin blockchain.