Play-to-earn as we know it is dead: Long live SocialFi

Web3 gaming can take inspiration from esports economics — and improve on it with SocialFi.

If the swift rise and equally precipitous fall of token prices in Web3 play-to-earn games like Axie Infinity and Pegaxy proved anything, it’s that the traditional P2E token models do not work. Relying heavily on a continuous stream of new users for growth, even when P2E tokens stage large rallies, they inevitably drop — and struggle to recover. 

We can’t build the future of Web3 games on broken token models. But we can look to esports  and extend the success of its economics by blending it with a Web3 innovation — SocialFi. 

To create Web3 economies that will stand the test of time,…

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