The first generation of play-to-earn (P2E) games, like Axie Infinity, showcased the potential of blockchain technology to revolutionize gaming by enabling players to capture the majority of the value they create. However, these early iterations faltered due to unsustainable economic models that were plagued by hyperinflation and the need for constant growth. The next wave of P2E must focus on deflationary mechanics, meaningful token sinks, and asset scarcity to establish sustainable, player-d...