Venezuelans hope to boost income with cyber 'farming'

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Venezuelans have turned to NFT gaming to augment their income as the country confronts its eighth year of recession and fourth of hyperinflation

NFTs are one-of-a-kind digital collectables, each with a certificate of authenticity created by the same blockchain technology that underlies cryptocurrency. It cannot be forged or otherwise manipulated.Venezuelans desperately ditching bolivars as inflation bites

In 35th place is Axie Infinity, another NFT game that works on a similar principle but requires a higher initial investment of about $1,000. One form of gaming that has gained in popularity is an investor paying someone else, often a teenager, to play on their behalf, generating income for a fee.

 

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