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GameFi Can Potentially Resolve Unemployment Issues


GameFi might potentially reign in a new era in which players can make a living income playing blockchain games — according to the CEO and founder of Web3 gaming firm Ninja Syndicate.

Company’s founder John Nguyen and CEO Alex Dunmow believe that issues like automation are putting traditional occupations at risk.

The game developers suggested that through play-to-earn and move-to-earn models, blockchain games may and are now playing a significant part in helping individuals make a living online.

Although this usually takes a lot of effort, Dunmow claimed that several triple-A mainstream games already involve “grinding for hundreds of hours,” even though the assets offer zero value for the player.

Digital assets in GameFi games could appear as nonfungible tokens (NFTs), which players can then trade for traditional fiat or cryptocurrency on the open market, generating income through gaming, according to Dunmow.

A 2021 report about a community in the Philippines that shifted to NFT gaming during COVID served as one of the finest examples Dunmow has seen of individuals making a living via GameFi. This community is now facing a lack of workers for lesser jobs because they could earn money playing blockchain games instead.

Dunmow and Nguyen acknowledged the difficulty that arise from the negative perceptions of NFTs and blockchain in the gaming industry. That being said, they intend to subtly enlighten individuals on the benefits of NFTs through their games.

A series of blockchain games within the “Supremacy World” ecosystem is currently being developed by the game studio. In the ecosystem, players create, battle, and mind resources in a fictional post-apocalyptic world where factions reply enormous mechs to compete for dominance and victory.

The four different game genres including first-person shooter (FPS), massively multiplayer online (MMO), real-time strategy (RTS), and an already launched battle arena will eventually be combined into Supremacy.

According to the CEOs, the four interoperable games are building an ecosystem where players have “sovereign ownership” over their virtual assets and are free to use them as they see fit. 

The interoperability, Nguyen cited, can also apply to “other game worlds, DeFi and PFP collections”.

Nguyen stated that “Supremacy will give people who own an NFT, whatever it may be, in-game assets in our world.”

Attracting participants from outside the crypto world is critical, especially in bear markets, according to Dunmow, who added that they’re still working to create a “fun game” at the core of their project. Dunmow feels this is essential for the industry’s sustainability.

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© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

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