"I am tired of this game. Its token value is plunging and there is no sign of recovery," said Tuan Anh, an Axie Infinity player in Ho Chi Minh City. Smooth Love Potion (SLP), the in-game digital currency of the popular blockchain game Axie Infinity, has fallen nearly 97% from its peak in May 2021 to $0.004989. Questions about whether to hold or sell SLP have been popping up recently on Axie Infinity player groups in Vietnam. "I left the game two months ago. I still have some SLP left and was wondering whether to sell now at a cheap price or hold on until it recovers," one former player posted. Axie Infinty, a global blockchain project developed by a Vietnamese studio, had 2.7 million monthly active players in January, but the figure had dropped 72% since to 766,800 in July, according to game data platform ActivePlayer. The move-to-earn game StepN, which rewards players with cryptocurrency tokens when they run or walk outdoors, has seen a 75% plunge in the number of … [Read more...] about Play-to-earn games struggle to retain interest