There are a ton of good founders who are bad at fundraising, and thus, don’t raise adequate capital. On the flip-side, there are a lot of bad companies that were funded simply because the founder was persuasive and good at raising money.
Part of the magic of Web3 gaming is the ability for players to cash out their in-game work. So far, though, most play-to-earn games rely on attracting new players to make this possible.