• Riches to Rags: The Boom and Bust of Mir4's Play-to-Earn Promise

  • Aug 5 2024
  • Length: 8 mins
  • Podcast

Riches to Rags: The Boom and Bust of Mir4's Play-to-Earn Promise

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  • Summary

  • Join me as I recap my wild ride with Mir4 - the blockchain game that promised playable profits but crashed hard when hype hit reality.

    Released in 2020, this free-to-play MMORPG gained viral success by letting players earn real money through in-game mining and trading. At Mir4's 2021 peak, I was raking in over $50 a day - a blockchain gaming dream!

    But unchecked inflation and rampant hacking soon tanked the economy and profits. My Mir4 income dropped 90% within months. Bots and bullies overran the game, creating a toxic wasteland.

    Despite developers' efforts, Mir4 fell far short of its play-to-earn promise. While its legacy still impacted blockchain gaming, its cautionary tale highlights the perils of unstable tokenomics.

    Join me as I recap how the gold rush euphoria of Mir4 devolved into a grim struggle just to earn pennies from this once-revolutionary crypto game. The rise and fall of Mir4 is quite the saga!
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