Tokenomics #7 Axie Infinity’s $625m Hack Explained

It’s the biggest hack in crypto history. As reported in The Verge et all, a hacker stole $625 million from the blockchain behind NFT game Axie Infinity. In this episode, we wanted to really dig into the mechanics of the Ronin sidechain, the Ronin bridge, and the likely form the attack took in order to explain the hack in simple, easy to understand terms. We end up referencing Ocean’s 11… a lot. We also bring crypto-gaming news updates from the past two weeks, including fundraising rounds from Crypto Raiders and NFT marketplace Fractal, the latest crypto move from GameStop, and DeFi Kingdoms' partnership with Ramp. Hosts: N3TWORK Executive Producer Ethan Levy and Play Ventures Principal Anton Backman. Unfortunately, Savage Games Studios CEO Michail Katkoff was too busy recovering from his Turkish Bath experience to join this one…