Playtoearn games are now too much and due to that it caused project with too low market capacity. Not only play to earn alone. Defi are too much and many similar crypto with the same use case and result in crypto with too low market capacity and gives room to scammers and unserious project.
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Yes it gives room to unserious project but also create an opportunity for investors that have missed bitcoin and top crypto to also be part of this world