Crypto gaming and play-to-earn is a misnomer. “True” gameplay is expenditure of time by the player for sacred entertainment value, not secular economic value. That sacred value can later be monetized, but by being financially motivated first, the atomic value swap of the “game” is polluted and becomes more akin to Mechanical Turk than gameplay. To... See more

Like the first question I ask myself on any token is, why would someone buy this? And it seems like such an obvious question, but in all the talk on play-to-earn, what you hear the most is some variant of, "Oh, it goes back to the Vitalik story, I wish I could have sold my sword in the game, I can't believe I didn't own my things." And that's all... See more

Games where earning is at the core are also inheriting a difficult sustainability problem. It’s impossible to create an economy that constantly grows. Axie earnings have already started to decline, which will soon make the game undesirable for their current player base who are primarily playing to earn. If new entrants cannot win and turn a profit,... See more