The HCMC native had by no means imagined he would create a blockchain-based sport that draws a whole lot of 1000’s of gamers globally, just because he used to hate the know-how.
The 29-year-old used to see creators of blockchain tasks making the most of preliminary coin providing occasions to boost cash after which neglect growing the product.
“I believed that was unethical, and I hated every thing about blockchain,” he instructed VnExpress.
Other than being a sport “addict” when he was small, Trung didn’t have a lot expertise within the business.
In his second yr of programming on the FPT College, 19-year-old Trung left faculty to turn out to be an entrepreneur and have become the chief know-how officer of meals startup Lozi which has now turn out to be supply firm LoShip.
After three years within the startup world, he returned to the college and completed his schooling. Throughout that point he began to be taught extra about blockchain video games.
His analysis findings modified his thoughts. Trung realized that blockchain was solely a know-how, a instrument, and whether or not it was good or band trusted the way it was used.
In 2017, he and two like-minded foreigners he’d met whereas enjoying a blockchain sport started to develop a sport referred to as Axie Infinity as a facet mission from their day jobs. Trung had been dissatisfied with the sport they have been enjoying and wished to enhance on it.
The trio established an organization referred to as Sky Mavis the subsequent yr and began to boost cash by letting customers purchase Axies, monsters used to fight others, to get rewards. After elevating the primary $500,000, Trung stop his job and prevailed upon the 2 cofounders from the U.S. and Norway to maneuver to Vietnam and focus their total power on the mission.
Sky Mavis has since raised $7.5 million from a number of traders together with American billionaire “shark” investor Mark Cuban.
Trung mentioned that within the early stage, overcoming the language and tradition barrier with the opposite co-founders was probably the most tough duties.
Aleksander Leonard Larsen, the Norwegian co-founder, didn’t even know the place Vietnam was on the map at first, Trung mentioned.
However now each Larsen and the American co-founder Jeffrey Zirlin have turn out to be acquainted driving the bike in HCMC and driving bargains whereas purchasing at a market, he added.
The chance the trio took and the onerous work they put in has paid off. The Axie Infinity cryptocurrency (AXS), one of many cryptocurrencies used within the sport, has a market cap of $2.5 billion now, up 9 occasions from the start of the yr.
One of the crucial particular options of Axie Infinity that explains its reputation is that it’s a “play to earn” sport, which implies gamers are literally traders and may win or lose cash.
Gamers make investments by shopping for Axies and creating wealth by promoting sturdy and uncommon ones. They will even “breed” new ones and promote them for revenue.
Trung and his crew use the cash from gamers to create much more Axies and content material to draw extra gamers and create extra interplay.
Axie Inifinity now has round 350,000 each day lively customers, with 40 p.c of them within the Philippines, adopted by Venezuela and the U.S.
“It (Axie Infinity) has sustained our each day wants, paid our payments, and money owed,” says a Filippino mom of three within the documentary “Play-to-Earn” launched in Could. “I’m grateful to Axie as a result of in some way it helped us.”
Nonetheless, the builders of the sport acknowledge that blockchain video games are nonetheless younger within the business and new gamers can face difficulties within the early levels as they should get accustomed to cryptocurrency buying and selling in addition to make investments round $1,200 to construct a monster crew.
“Our job is to resolve these challenges so folks can entry the sport extra simply,” Trung mentioned.
Trung sees an business redefining potential for Axie Infinity sooner or later. He believes video games have all the time performed a significant position in introducing folks to a brand new know-how or platform; on this case, blockchain.
In contrast with the globally common sport Flappy Chicken, which was additionally created by a Vietnamese, Axie Infinity remains to be younger, Trung mentioned, however he and his crew proceed to work onerous with the hope of inserting one other Vietnamese sport on the world map.
“There might be challenges, however we are going to attempt to convey know-how near folks’s lives by the sport.”