PlayToEarn, PlayAndEArn, PlayAndOwn, PlayToOwn
PlayToEarn has evolved since it became the term most associated with the 2021 blockchain gaming boom lead by popular Web3 game, Axie Infinity.
The initial blockchain gaming model featured a token that gamers earn while playing a game, thus the term PlayToEarn. The idea was revolutionary in the sense that regular gamers could now earn a living by playing a game without being a content creator or a pro player. Through $SLP farming during its initial model, Axie Infinity managed to give players in some countries an income that was, at one point, higher than the minimum wage.
Play 2 Earn is dead.
It’s been dead for quite sometime.
This is great, it means more sustainable models that are not cash grabs will rise to the top.
— Brycent (@brycent_) September 22, 2022
However, this model proved to be a bit short-lived as it was exhaustively extractive to the game economy. Value needs to enter the economy in order for value to be extracted. When...
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