Play to earn is a scam, similar to Ponzi schemes. It only appears to work as long as gullible suckers keep putting in money. A sucker is born every minute, but (morality aside) companies still can't build a sustainable business model out of scamming them. Eventually they either run out of money, or catch on to the scam. Governments in some countries will probably also ban or restrict such schemes, thus making it difficult for them to operate within the legitimate economy.
Sure the NFT idea might be, but play to earn has existed in many online worlds for decades. If someone can make a living inside a virtual world, they can survive. It’s only going to get more popularized given big tech is hardly regulated.
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Play to earn is a scam, similar to Ponzi schemes. It only appears to work as long as gullible suckers keep putting in money. A sucker is born every minute, but (morality aside) companies still can't build a sustainable business model out of scamming them. Eventually they either run out of money, or catch on to the scam. Governments in some countries will probably also ban or restrict such schemes, thus making it difficult for them to operate within the legitimate economy.
Sure the NFT idea might be, but play to earn has existed in many online worlds for decades. If someone can make a living inside a virtual world, they can survive. It’s only going to get more popularized given big tech is hardly regulated.