In 2021, the world witnessed the meteoric rise in popularity of Play-To-Earn gaming (commonly referred to as “P2E”). The key feature enabling this growth was the addition of a token-based component to the Axie Infinity game, which allowed any player with access to a smart phone or computer the ability to earn cryptocurrency while playing.
Axie Infinity is the seminal project for P2E. Between January and October 2021, the number of active daily users on Axie Infinity increased by 38 times, from 50 thousand to 1.9 million†, and those players earned a total of $2.1 billion‡, mostly in developing countries like the Philippines, Indonesia, Brazil and Argentina.
This phenomenon got us thinking.
Play-To-Earn has been revolutionary, showing us that the combination of gaming and blockchain could engage the masses as well as distribute significant amounts of wealth where it is most needed. At the same time, Play-To-Earn induces people to spend their energy on learning how to play games, which will be limited in its real world empowerment.
So, our thought was this: what if you could harness the engagement potential of blockchain gaming, but also encourage people to learn skills that go beyond playing games and make them more employable? Our answer is Learn-To-Earn (L2E), which combines the best elements of crypto, gaming and education and allows people to earn crypto while learning broadly applicable skills such as math, programming, business fundamentals or even how to build the future metaverse. These real world skills can be learned while they are playing a new, blockchained-enabled version of an educational game (e.g., Prodigy) or a gamified educational platform (e.g., DataCamp).
Our Learn-To-Earn joint venture has this mission:
Together, AAG Ventures and Republic Realm will launch the first-ever Learn-To-Earn blockchain-based game.
“We’re proud of our Play-To-Earn efforts, which have enabled over 1,600 scholars to earn a stable income by playing in and contributing to the gaming ecosystem,” said Nelly Sutjiadi, Co-Founder and Chairwoman of AAG Ventures. “At the same time, I have three sons who grew up playing games for hours and hours, and I’d always wished that they spent their time on something more productive. With this first-ever Learn-To-Earn blockchain-based game, we can envision a world where practical education spreads to more people and more deeply because we harness the power of crypto to encourage people to educate themselves. People, especially those in developing countries, can earn crypto while learning math, programming, personal finance, how to run a business or even how to build the future metaverse through an educational game or a gamification platform,” Sutjiadi added.
“Today, millions of people are playing video games to earn crypto because they can earn more money playing video games than they can earn from a traditional job,” said Janine Yorio, co-founder and head of Republic Realm. “Imagine the possibilities if these players were learning vocational skills that made them more employable and actually increased their chances of financial security while they played. We will create an entirely new cadre of skilled workers through blockchain gaming. Republic Realm has already launched Republic Realm Academy to promote metaverse education, and this Learn-To-Earn Initiative underscores our commitment to tech-enabled education while harnessing the economic reach of cryptocurrencies,” Yorio added.
About AAG Ventures
AAG Ventures is the creator of AAG (Achip & Achair Guild), one of the fastest-growing gamingguilds in the Play-To-Earn blockchain game industry with more than 1,600 scholars participating in seven countries: Philippines, Indonesia, Brazil, Argentina, India, Nigeria, and Russia. AAG Venture’s mission is to create economic freedom through the metaverse economy and aims to bring 100 million people into the metaverse economy by 2030.
A few of AAGV’s 1,600 Play-To-Earn scholars around the world. The goal of our Learn-To-Earn project will be to allow people like these to earn crypto while learning skills that make them more employable
About Republic Realm
Republic Realm is one of the most active investors in and developers of the metaverse real estate ecosystem. Republic Realm invests in, manages, and develops assets including NFTs, virtual real estate, metaverse platforms, gaming, and infrastructure. Republic Realm is a placemaker in the metaverse. In addition to The Museum Collection, which is a digital culture museum for NFTs, we also developed Metajuku, the first metaverse shopping mall with retail tenants and leases; built Fantasy Islands, a luxury, master-planned real estate development in the Sandbox metaverse; and established Republic Realm Academy, the first online university set in the metaverse and driven completely by tuition NFTs. We also have two gaming guilds in formation, including one that is a DAO. Republic Realm is based in the US and backed by Galaxy Interactive, Animoca Brands, Dragonfly Capital, NGC Ventures, Polygon, Avalanche, Valor Equity Partners, Everblue and executives from GoldenTree.
More details around the specifics of the L2E game will be announced in the near future.
To learn more, please get in touch with us at: learn-to-earn@aag.ventures
† Player growth data from ActivePlayer.io (details)
‡ Earnings data from AxieWorld and CoinGecko (details)