// Hacker Noon · 11 March 2026

Play-to-Earn, Then What? The Market Forces Behind GameFi’s Sudden Collapse

GameFi emerged alongside DeFi, offering players real ownership of in-game assets through blockchain technology and the play-to-earn model. Early successes like Axie Infinity demonstrated the potential of decentralized gaming economies but also exposed their fragility when market sentiment shifted an...

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