Interesting analysis, especially the economics. Just a few thoughts: - My take was always 'Anything-to-earn' isn't a game, it's a job. And it's at least as old

Interesting analysis, especially the economics. Just a few thoughts: - My take was always 'Anything-to-earn' isn't a game, it's a job. And it's at least as old as WoW grinding farms. - A technical point: you actually can implement capital controls on a blockchain. Tokens aren't anything that sits in your wallet, they're more like a spreadsheet, and you have a Turing-complete language at your hand to define the rules of how it's modified. - I don't know Axie Infinity, but I think there were Pokemon/Tamagotchi/MTG-style on-chain games that people played just for fun, before anyone was talking about P2E (I remember the name Crypto Kitties). So it is conceivable to have fun with on-chain games, and if you can sell your game avatars, why not (it's not even uncommon)?