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The Play-to-Earn model has shown itself to be another fleeting trend in the industry. Now these games, p2e tokens are going to zero, and there is almost no trace of the former hype and number of active community. Now the crypto industry is trying to find new trends like move-2-earn, learn-2-earn, etc. The problem of all these models in general, and p2e model in particular, is that users see in it only speculative component, like in most altcoins, and until tokens find utilitarian application and become in demand not only as a tool for speculation, we will see rapid rise and fall of both individual projects and whole business models.
Like you mentioned, the market is looking for more trends to continue the hype, last time it was DeFi and NFT and it will continue like that with P2E tokens and the metaverse and there are many who are waiting to see the promises unfolding when they launch the Metaverse and i am only expecting a few good projects that will survive till the next rally. My expectation is that many Web 3.0 related projects will pop up during the next rally.
Will it continue? The hype of these trends is over. Now, if new projects will come out, they will not be as frequent as before. Now the hype is not around P2E, but around M2E and on the wave of this hype there is a large number of clones of the successful M2E-project StepN. I am surprised how quickly trends and hypes change. 3-6 months and already a new trend, crypto industry develops very fast, it is very difficult to get into projects, which are born at the beginning of a new trend for some tokens.
I don't think P2E hype is over. Gaming industry is a huge one, and some P2E gaming platforms are just starting. Even known gaming companies are now trying their hands on this concept. Most of the P2E platforms may die because of lack of solid backing. But for popular and established gaming companies, they may thrive. Because the gaming community is growing especially during this pandemic era. With the M2E concept, it depends on how successful they can get and sustain their users. I don't know if this can last. But the P2E, I believe they can last because there's already gaming community even before this hype.