Australian-based Web3 game studio Ninja Syndicate’s CEO and founder believes GameFi could usher in a new era where users can earn a living wage through blockchain games.
Speaking to Cointelegraph, founder John Nguyen and CEO Alex Dunmow say that traditional jobs are increasingly at risk through factors such as automation.
According to the game developers, blockchain games can and are playing a vital role for people to earn a living in the digital world through play-to-earn (P2E) and move-to-earn.
The process often requires significant work, but Dunmow says many mainstream triple-A games already feature “grinding for hundreds of hours,” though the assets “provide no value for the player.”
In GameFi titles digital assets can come in the form of nonfungible tokens (NFTs); users can then take them to a marketplace and sell them for fiat currency or crypto, essentially earning a wage through gaming, argued Dunmow:
“NFTs can give you the technical ability to take ownership of a game asset out of the control of the publisher of the game.”
One of the best examples Dunmow has seen of people making a living through GameFi was a 2021 report about a community in the Philippines who turned to NFT gaming during COVID, which was now causing a shortage of workers in low-paying jobs as they could earn wages playing blockchain games instead.
“I saw the whole situation as a positive, a group of people who were likely being exploited in their low paying day jobs, have found a way to earn wages in the Metaverse.”
Dunmow and Nguyen say the negativity around NFTs and blockchain in gaming present a challenge, but through their games, they hope to “subtly educate people about the benefits of NFTs.”
The game studio has been developing a set of blockchain games under the “Supremacy World” ecosystem, which involves building, fighting and mining resources within a fictional dystopian world where factions use giant mechs to fight for territory and power.
Supremacy will eventually combine four games, a battle arena which is already out, a first-person shooter (FPS), an MMO and a real-time grand strategy (RTS) game.
Through the series of four interoperable games, the executives said they are creating an ecosystem where players have “sovereign ownership” over their digital assets and can use them in whatever way they want, explaining:
“What interoperable boils down to is being able to share digital assets between games.”
However, Nguyen noted that this interoperability also can also…
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