What the crash of a play-to-earn crypto game reveals about the future of Web3
At the height of the COVID-19 pandemic, players flocked to Axie Infinity, a blockchain-based video game where users received cryptocurrency tokens for their time spent playing. In 2022, when the broader crypto market crashed and a massive hack erased players’ earnings, most users fled. A new study by Cornell researchers has investigated why some players stuck around.
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