Play-to-Earn Will Never Work: Why Play-to-Earn is Destined for Failure
Axie infinity and play-to-earn are in a rough spot. The economics simply don’t add up. Can they transition to a sustainable model?
The modern crypto-backed play-to-earn movement is destined to go down in flames. Most existing play-to-earn games are built on unsound economics and propped up by the mad-frenzy of crypto markets. There is little to no long-term value in these games for the vast majority of players. Even if there were, the utopia these games put forward is, in reality, a thinly veiled dystopia that vulnerable people are being squeezed into.
I wrote an article a few months ago that explores a specific game, Axie Infinity, and how its play-to-earn model is unsustainable:
In this article, I explored Axie Infinity near its peak and made multiple accurate predictions about the long-term success of the game. Later we will go through those predictions and why the whole market of play-to-earn is going to suffer a similar…
