Is DeFi rewriting Wall Street into a code?

In a normal world, you would expect everyone to earn money based on the work they do that is needed by others and that others are willing to pay for, something along the lines of economics 1.0: “making an economic contribution”.

People in Philippines and Vietnam are leaving their day jobs to play a blockchain game:

It sounds shocking and maybe even funny, but this is the reality: An average player can earn around […] $1,200. As a result, people in countries like the Philippines and Vietnam are quitting their day jobs to dedicate themselves to playing Axie.

When players play the Axie Infinity game, they earn the native token Small Love Potions (SLP), and these tokens are needed by the players to breed new Axies, which are charged by Axie. Axie also charges a 4.25% fee for buying and selling Axies on the platform. Players can also decide to sell SLP tokens to other players on an open marketplace if they decide to cash out these tokens.

Right, this makes sense, sort of. Massive Multiplayer Online (MMO) games were a huge business for over a decade now, with gamers in countries like Venezuela selling their digital assets to western gamers sometimes as their primary source of income. Only now, the money for the gamer is better. Why? Well, blockchain, of course. Before, trading of the digital assets…