Crypto’s hottest game is facing an economic maelstrom
&gt; Andreessen Horowitz’s cryptocurrency fund made one of its largest investments to date in Sky Mavis, leading a $152m financing that valued the company at $3bn.<p>&gt; Sky Mavis, which takes a 4.5 per cent cut of transactions within the game, has made about $1.2bn of revenues<p>I mean, say what you want about this being a scam, ponzi scheme, etc. That is some real cash.<p>I saw this game popping up on Twitch a few months ago and immediately realized it was some kind of crypto scheme. I thought it was gambling. The fact that this is generating billions of revenue and attracting hundreds of millions of brand-name financing amazes me. The game was released in 2018, about 3 years ago.<p>It really makes me reconsider the group-think on hacker news. To write off this activity as a scam or criminal seems to be missing a bigger picture that we don&#x27;t quite understand yet.