  This study aims to shed light on the rise of play-to-earn games in the
Philippines alongside cryptocurrency. The lack of research and public
understanding of its benefits and drawbacks prompted the researchers to
investigate its market. As such, the study tried to look into the risks and
benefits of crypto gaming if it would be regulated by the government, and how
market volatility influences the churn rate of crypto games. The research used
a descriptive study to determine the perception of people who are engaged in
playing a crypto-game named as Axie Infinity. The results showed that most
players spend their time playing Axie Infinity for about 1 to 4 hours a day.
Predominantly, the return of investments for playing the game will take about 1
to 3 months. It also showed that these players agreed that there is a possible
financial instability in a volatile market. With this, they have a high trust
issue in terms of price manipulation, privacy and security, and its design and
usability. Understanding the cryptocurrency market requires comprehending the
perspective of the people who are engaged in a play-to-earn game, and their
concerns are critical for any government actions aimed at regulating
self-employed income earners playing (Non-fungible Tokens) NFT games in the
Philippines.
