Why We Spent $159k On Digital Battle Pets

Last night our team purchased 5 Axies for 473.5 ETH worth ~$159k at that time. Recent market moves may have pushed some to the sidelines but we saw the recent turmoil as an opportunity. An opportunity to spend a lot of money on digital battle pets. While this may appear to be a confusing impulse buy at first glance, spurred on by the recent hype around NFTs, it’s actually a purchase we’ve been patiently waiting to make ever since we started Delphi. Few know this, but our very first job as a company was to research the crypto gaming sector for a high profile fund. Our mandate was simple – play the games, see if they’re any fun and scout out opportunities in the sector. One of the projects we came across during our research was Axie Infinity, a game that lets you collect, battle