Play-to-earn gaming (P2E) leverages blockchain technology to allow players to earn real-world rewards for simply playing their favorite video games. Play-to-earn gaming sounds like a utopia that pays players for having fun, but could there be a dark side to P2E gaming? In today's post, I'll discuss the controversial theory that it is only possible for play to earn gaming to be profitable if there is either a constant inflow of money from new investors or if the development team can extract increasing buy-in from existing players.