Play-to-earn gaming (P2E) leverages blockchain technology to allow players to earn real-world rewards for simply playing their favorite video games. Play-to-earn gaming sounds like a utopia that pays players for having fun, but could there be a dark side to P2E gaming? In today's post, I'll discuss the controversial theory that it is only possible for play to earn gaming to be profitable if there is either a constant inflow of money from new investors or if the development team can extract increasing buy-in from existing players.
Let's be honest, many p2e games are ponzi schemes, just like many crypto projects are.
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I won't argue with that statement at all. In the worst case, many are schemes, and even in the best case, many are just glorified proof of stake ecosystems with a VERY thin gameplay veneer. It is very hard to find a P2E game that has the same level of playability/design/etc as free web based games even.
Oh yes, you are spot on!