Topic: Axie Infinity

Recognizing the huge opportunities in the fledgling Web3 ecosystem in Vietnam, startups in the field have been multiplying rapidly and made Vietnam one of the most vibrant blockchain centers in Southeast Asia. Techcollectivesea recently looked at how Vietnam’s top 5 crypto startups are growing and how they handle issues surrounding cybersecurity and fundraising.

According to Statista, Vietnam ranks fifth in the world in terms of NFT (non-fungible token) users, with 2.19 million in 2021. It is third in Asia, behind Thailand and China, and ahead of India. The explosion of the NFT market in Southeast Asia is due to many reasons, including the popularity of money-making games such as Axie Infinity from Vietnamese company Sky Mavis and the number of artists featured. Their work on social networking platforms like Discord and Twitter is increasing.