This literature review provides a critical analysis investigating whether blockchain-based incentivised learning platforms truly empower learners or take advantage of their contributions in the realm of digital education. Through a narrative analysis we have identified three key themes: challenges associated with online education, justifications for incorporating blockchain in education, and the effects of tokenisation in the Information Systems (IS) and Information Management (IM) domains. Although blockchain provides decentralisation, transparency, and learn-and-earn models that hold the potential for financial inclusion and participatory governance, notable gaps remain in terms of the distribution of value and its alignment with student preferences. Token-based methods, such as learn-to-earn systems, have the potential to enhance engagement in learning. However, they also pose the danger of commodifying education and prioritising external rewards over intrinsic motivation. This review promotes a collaborative approach that integrates educational theory, governance structures, and socio-economic elements to ensure fair and sustainable blockchain-supported education.