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GameFi could be an unemployment solution for some — Australian game studios

The CEO and founder of Australia-based Web3 game studio Ninja Syndicate believes GameFi can usher in a new era where users can earn a living through blockchain gaming.

Founder John Nguyen and CEO Alex Dunmow told Cointelegraph that traditional jobs are becoming increasingly dangerous due to factors such as automation.

According to game developers, blockchain games may and are playing an important role for people to make a living in the digital world through play-to-en (P2E) and move-to-enance. … apparently …

This process often requires a fair amount of work, but Dunmow says many mainstream triple-A games already have features that “have hundreds of hours to shave off”, but the assets ” It doesn’t provide any value to the player.”

GameFi titles offer digital assets in the form of non-fungible tokens (NFTs). Users can then take them to the market and sell them for fiat or virtual currency, essentially earning wages through the game, he argued, Dunmow.

“NFTs give us the technical ability to take game asset ownership out of the control of game publishers.”

One of the best examples Dunmow saw of people making a living through GameFi was a 2021 report on Filipino communities turning to NFT gaming during COVID. Wages to play blockchain games instead.

“I take a positive view of the whole situation, and a group of people who are likely exploited in low-paying day jobs have found a way to earn wages in the Metaverse.”

Dunmow and Nguyen say the negative perceptions of NFTs and blockchain in games present challenges, but through their games they hope to “subtly educate people about the benefits of NFTs.” I hope

The game studio has developed a series of blockchain games under the “Supremacy World” ecosystem. This ecosystem involves building, fighting, and mining resources in a fictional dystopian world where factions use giant mechs to vie for territory and power.

Supremacy will eventually combine four previously published games: Battle Arena, First Person Shooter (FPS), MMO and Real Time Grand Strategy (RTS) games.

Through a series of four interoperable games, we are creating an ecosystem where players have “sovereign ownership” of their digital assets and can use them in any way they choose, executives said. increase.

“Interoperability is all about being able to share digital assets between games.”

However, Nguyen said this interoperability can be extended to “other game worlds, DeFi and PFP collections.”

“Supremacy gives people who own NFTs the in-game assets of our world, whatever it is,” said Nguyen, who recently designed custom mecha skins for users based on Bored Apes. He added that he was given the opportunity to His NFT, branded by the Yacht Club, points out that you can now connect your own “Ape” and claim a custom his skin based on your own NFT.

Dunmow admits that it’s impossible to custom-design something for everyone given the time and resources required, but he says it shows the potential.

Related: Illuvium Co-Founder Shares Plans for New “Interoperable Blockchain Gaming” Model

Dunmow said he seeks to build a “fun game” at the heart of the game, which he believes is vital to the survival of the industry, adding: “Especially in bear markets, we are looking to attract players from outside the crypto industry. is important.”

“You will create fun games that have blockchain elements and will attract mainstream players.You are now cut off from market forces and will be able to survive any recession.”

On October 5, Ninja Syndicate announced a new partnership with Immutable X, an NFT issuance and trading platform, allowing projects such as Illuvium, Gods Unchained and GameStop to build on Immutable X’s Layer 2 ecosystem. announced the deal.