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The play to earn model is literally a ponzi scheme with a fancier name. The money you earn has to come from somewhere. It doesn’t appear out of thin air. In 100% of P2E games, the earliest players get paid by the revenue from later players. Eventually, the game stops growing, so the later players are left holding the bag.
Obviously, some people make a lot of money in ponzi schemes (most notably, the people that start the ponzi scheme in the first place), but it’s a terrible design for people that aren’t the ponzi creators or the first adopters lucky enough to get in on the ground floor.
As for the ages here, the people most likely to migrate are the long term Reddit users that have had an account using third party apps since 2010 or so (because younger people have only ever known the official app). That self selects for anyone that was old enough to use Reddit in 2010 back when the user base was mostly high school / college / recent college grads. Someone in their late teens / early 20s back then will be in their 30s now.