Building the Open Metaverse cover image

The future of Web3 with Yat Siu

Building the Open Metaverse

CHAPTER

Is XE Really a Ponzi?

XE has been unfairly treated in many ways because it was represented sort of the play to earn and now what they call play and earn movement. The criticism I think here is not so much that people say it's a Ponzi or something, it's actually because the XE team has a very Milton Friedman libertarian view of the world. They are non-market interventionists. So the market effects that you're seeing may look very much as a defect, but actually is a feature of its philosophical political thinking of what is XE. Now why do they pay? Because it's fun, because they're playing with the 95 to 99% of players who play for free. And Web

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