Except for the part about the games being addicting I do not think you are wrong on what you are saying, games are supposed to be fun and if they are not then they are not accomplishing their main mission, this idea of earning money by playing a game is nothing really new as we have seen this in the world of sports for a very long time, but when the sole purpose of the game is to generate profits and nothing else, while sacrificing the fun aspect which is supposed to be present in every single game, then we can say that such a game is destined for failure and its collapse is inevitable.
Play to earn games have been adapted before several cryptocurrency coins use this method how to promote their project and try to get interested respond exactly from games, but seems many play to earn games in Cryptocurrency become scam at the least. Keep still worth if another games kind still can earn to play because they have mission depend with your games level account reach become most expensive, but for cryptocurrency games seems not profitable yet right now, after many kinds of games cryptocurrency at the end coins reward price drop drastically and we need purchase NFT card for playing games most expensives.