Play to Earn

We spoke to 50+ Web 3 metaverse companies in the past year. My takeaways, summarized.

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 (1/4)

I am so confused by the “play-to-earn” model 😭 Players earn tokens by winning battles, and other people buy tokens from them in order to participate in the game. What happens when demand from new players fails to cover payments to old players? What am I missing?