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🚨 A 22-year-old young man, who bought two houses by playing video games.
A selfie that directly caused the economy of an entire country to collapse.
The game is called Axie Infinity.
The gameplay is simple: raise pets, fight, and earn SLP tokens.
Regular players can earn $155–$195 a month.
In the Philippines, that's almost equivalent to a part-time monthly salary.
Some people directly form guilds, hire players to farm for them, and make $20,000 a month just using their phones.
At its peak, the game had 2.7 million daily active users, more than half of whom were Filipinos.
Then the magical thing started to happen—
People began quitting their jobs.
Parents pulled their children out of school.
The entire family’s livelihood was tied to that small amount of SLP in the game.
It all looked like a grassroots economic miracle.
Until that 22-year-old young man posted a photo on Facebook—
Standing in front of the two houses he just bought, smiling ear to ear.
The government saw it.
They quickly took action:
$SLP Income was classified as “taxable income.”
Players had to register as taxpayers and report every on-chain earning from farming.
But they responded too slowly.
$SLP dropped 99% within 6 months.
The government hadn’t collected a single cent in taxes, and the game economy collapsed first.
And those people…
Quit their jobs, dropped out of school, leaving no way out.
One game built an economy of millions of people.
Pushing a national tax crisis to the brink.
And before the government could collect taxes, they were gone themselves.