Permissionless Day 3: Axie Infinity, Crypto Chicks and Lens Protocol

Permissionless, one of the largest decentralized finance (DeFi) conferences and expos in the world, wrapped up on Thursday in Palm Beach, Florida. Thursday was the final day of the three-day event and while there were no major announcements industry leaders still lead discussions on key issues such how play-to-earn games fight a bear market, women in the space and decentralized social media.  

Axie Infinity’s Response to a Bear Market

Axie Infinity’s co-founder, Jeff Zirlin, also known as “The Jijo,” explained that in order for play-to-earn games to survive a bear market, games have to continue to ship product. In terms of Axie Infinity, they are upgrading the game, creating early access capabilities and introducing vertical progression (NFTs that can be upgraded the more you play). 

Zirlin also described that their builders program, featuring more than 1,000 apps from community members, is in progress of finalizing their first cohort. 

Axie Infinity is a play-to-earn game meaning users can earn rewards like cryptocurrency and NFTs through in-game activities. It is similar to Pokémon. Users purchase NFTs of cute little monsters and then put them up against others in battle. 

Women Labs and Crypto Chicks

COO of Women Labs, Madeline Lieber, spoke on a panel about how Women Labs are creating a space for women to not only get into the industry but thrive in it. First, she noted that the Crypto Chicks project, which is the heart and soul of their organization, is an extremely inclusive endeavor that is designed to bring more women into web3 by catering to them and the people that love them. 

She also explained that Women Labs, designed to create programs and projects that create support ecosystems for women entering the space, has a much more focused target audience.  Its goal is supporting small women designers and retailers because they feel these women lack the infrastructure and support in the industry. 

“There is virtually no support ecosystems, programs, platforms, resources to help them learn the skills that are necessary in web3, the metaverse, create the digital shopping experiences and wearables that we’ve talked about a lot up here today,” Lieber said. “So we’re building out a program that supports them in developing all the different skill sets that are necessary.” 

David Hoffman Mints LensProtocol Profile 

David Hoffman, co-founder of Bankless, was on stage at Permissionless and minted his Lens Protocol profile with the help of Stani Kulechov. Lens Protocol is a composable and decentralized social graph on the Polygon blockchain.

It was designed to allow creators to take ownership of their content wherever they go in the digital garden of the decentralized internet. It gives autonomy to users/owners to control their profile, how they use it and how they want to monetize it. The power is within the hands of each individual user. 

Kulechov helped Hoffman complete his profile on stage as Kulechov is the founder and CEO of Aave which happens to own Lens Protocol. Kulechov explained the many facets that makes Lens Protocol unique and was able to briefly show the customization available on the web3 social media platform. 

Author: Tyler Irvin

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