People in Argentina are turning to “play-to-earn” crypto games because of the country’s high inflation, which is driving down the value of fiat paychecks.
The country, which has the second-largest economy in South America, is now ranked sixth in the world in terms of players on “play-to-earn” cryptocurrency gaming sites. Visits from Argentina to Decentral Games, which has the world’s largest userbase. Of course, have topped 9,400 since the start of 2022. Which is, compared to only a few hundred visits in the entire year of 2021.
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Meanwhile, Brazil has risen in the standings, climbing to seventh place in terms of platform users.
Argentina and Brazil are both experiencing high inflation, but Venezuela, which has been in a state of hyperinflation for several years, is the only country in the world experiencing hyperinflation. People are looking for a way to
Argentina’s annual inflation rate has surpassed 50%, and wages have not kept pace. But, inflation in Brazil doubled to 10% in 2021.
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Inflation will continue to climb in these countries, according to Decentral Games. Then, and the trend of consumers turning to play-to-earn games will continue in the near future.
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