https://techcrunch.com/2022/07/30/gaming-veteran-gamefi-blockchain-web3/

The runaway success of Axie Infinity and StepN has convinced a flurry of entrepreneurs that web3 gaming, where the ownership of in-game assets is in the hands of users via blockchain adoption rather than a centralized platform, is the future.

Some of the biggest hits in the space to date reward users with tokens that can be cashed out in what’s known as the “play-to-earn” model. While P2E games have attracted millions of players and billions of dollars from investors, veterans of the gaming industry argue that they are fundamentally unsustainable.