At the end of it all no play to earn games can gives player the satisfying reward they deserve, there is no unlimited reward in play to earn games, the only thing that matters is how fun the game can get, people needs to feel like ' well I am ok with the fun more than the payout' its not how much people are going to be earning its how much fun people will have. The game needs to be addicting enough. Am I wrong?
The thing with this p2e is that players look for more challenge, and if you have been playing a game for so long that you might get bored and yes, you won't be satisfied as like when you started to play with it in the beginning.
So you look for other games, and then the cycle repeats until such time that the industry no longer has the hype that it once had specially Axie in 2020. Yes, it's need to be addicting at some point so that players will go back and play again and again, but unfortunately, it is not the case.