The Philippine Department of Finance is set to charge Axie Infinity players income tax on their digital pets, AXIES. AXIE INFINITY is a play-to-earn online game that allows gamers to have ownership of their in-game assets. During the pandemic, the Philippines stormed into the game, growing Axies, trading them online, and even earning more than they had in their real-life jobs. Axie Infinity's (AXS) price skyrocketed by more than 2140% within the past two months.
