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A 22-year-old young man bought two houses by playing video games.
A selfie 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 have even formed guilds, hired 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, over half of whom were Filipinos.
Then something magical began—
People started quitting their jobs.
Parents pulled their children out of school.
The entire family’s livelihood depended on that small amount of SLP in the game.
It all looked like a grassroots economic miracle.
Until that 22-year-old 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 from the game was classified as “taxable income.”
Players had to register as taxpayers and report every on-chain earning from farming.
But they reacted too slowly.
$SLP Within 6 months, the value plummeted by 99%.
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.
Pushed a national tax crisis to the brink.
And before the government could even collect taxes, they were gone. #Gate广场四月发帖挑战