I have the same thoughts as you. Games that are made for fun, of course, will be more exciting than those made for income, until now there has been no Play To Earn Game that is truly stable for its players. there was always inflation until they left the project.
Building the sustainable economic might take the time. The problem must on that thing that makes the game can't sustain for long term. I have seen so many play to earn games have dead caused by such thing. It needs the time for the developers to make experiment to make sure if it can create a formula that will make play to earn mechanism can be very sustain for long term. This will be good for people too
It will take time yes but as long as the game isn't interesting, isn't fun to play and the player thinks that it isn't worth investing then the building of a sustainable economiy of a P2E game may not come true. If we observe the previous release of P2E games, they are not actually interesting, not fun and people's aim focus is to cash out and not reinvest on the game. As a result the game economy collapses because of the inflation of sell pressure while the buy demand deflates.
The game needs to be addicting enough. Am I wrong?
The problem is that "play-to-earn" games created these days aren't fun at all. The main goal of the developers is to milk people's money. They just create some interactive "click & earn" game where it has huge reward at first to bait people to invest on them. Once the token rewards inflates and they can't do anything to control the game's economy, they stop developing the game and slowly abandon it.
That is what I am saying, people don't mind spending a huge amount of money if the game is entertaining, has community for socialization and has competition and ranking. Most of the P2E todays are created for ranking only. And most of them are created in haste to exploit the hype of P2E and sacrifices many elements to make the game successful.