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The scheme has drawn accusations of creating a type of "crypto colonialism" where those in financially dire situations become dependent on an unstable system, devoid of governmental oversight or fair wage protections. Players, once enthusiastic, face the harsh reality that their well-being is tied to the whims of a digital economy that is prone to volatility and manipulation.
Venture Capital and the Future of Play-to-Earn
Despite criticisms, interest in Axie Infinity remains strong. During a recent NFT conference in Los Angeles, investors from around the world excitedly discussed the potential of play-to-earn games. Companies like Axie Infinity have attracted massive investment inflows, but this capital farming raises concerns about responsible practices in a largely unregulated space.