Even in a bear market, blockchain gaming is the way of the future. I believe that games like Axie Infinity and others will continue to thrive because many people are already making a living from blockchain games, and the adoption rate will never slow down.
These games are firing because people are able to earn money from it. But as soon as these games will start charging money, the situation will change quickly. A majority of the internet users want free things but in order to survive, the blockchain gaming companies will have to levy charges in future.
Also hype is an interesting factor here. As long as hype is alive around blockchain gaming, they will survive. But a time will come when the users will look for real value beyond NFT and free tokens. So unless these gaming companies evolve around the consumer need, they will become extinct.