Why Play-to-Earn Gaming is Declining and Where GameFi Should Go Next?


Gamefi Updates: In the Philippines, the game Axie Infinity was a big hit, with just  1.4 mobile devices per capita earning NFT US$1.52 billion by 2025. Axie Infinity has an affluent audience in the country. 

The value of monetized collectibles and avatars in games will remain constant. The title Axie Infinity is unavoidable and means money is power. Forming a starting team of Axies could cost a user upwards of US $110. 

High earners play the system with calculated moves mapped on spreadsheets while having the best player. The economics of inequality here, where the majority, 80% of players, are doomed to lose money, has led to a far from the level playing field. 

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