The Future of Gaming is Play-and-Earn, Not Play-to-Earn
Too Long; Didn't Read
The play-to-earn (P2E) model has been widely upheld as one of the most successful Web3 case studies. However, GameFi has experienced a significant downturn, with the rate of new monthly users having dropped by 57% since May 2021. Leading P2E games such as Axie Infinity have lost over 90% of their market capitalization.