{"id":498637,"date":"2022-10-06T05:43:29","date_gmt":"2022-10-06T02:43:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gamefi-could-be-the-answer-to-unemployment-for-some-aussie-game-studio\/"},"modified":"2022-10-06T05:43:29","modified_gmt":"2022-10-06T02:43:29","slug":"gamefi-could-be-the-answer-to-unemployment-for-some-aussie-game-studio","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gamefi-could-be-the-answer-to-unemployment-for-some-aussie-game-studio\/","title":{"rendered":"# GameFi could be the answer to unemployment for some \u2014 Aussie game studio"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e78211fc0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e78211fc0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/gamefi-could-be-the-answer-to-unemployment-for-some-aussie-game-studio\/#%E2%80%9D_GameFi_could_be_the_answer_to_unemployment_for_some_%E2%80%94_Aussie_game_studio_%E2%80%9C\" >&#8221; GameFi could be the answer to unemployment for some \u2014 Aussie game studio &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_GameFi_could_be_the_answer_to_unemployment_for_some_%E2%80%94_Aussie_game_studio_%E2%80%9C\"><\/span>&#8221; GameFi could be the answer to unemployment for some \u2014 Aussie game studio &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvODUyOTdiMmEtZGFiMy00NjgxLWE3OTAtNGRkOGY0ZTBmOTBlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ebd806f>Australian-based Web3 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> studio Ninja Syndicate&#8217;s CEO and founder believes GameFi could usher in a new era where users can earn a living wage through blockchain games.<\/p>\n<p>Speaking to Cointelegraph, founder John Nguyen and CEO Alex Dunmow say that traditional jobs are increasingly at risk through factors such as automation.<\/p>\n<p>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. <\/p>\n<p>The process often requires significant work, but Dunmow says many mainstream <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>le-A games already feature &#8220;grinding for hundreds of hours,&#8221; though the assets &#8220;provide no value for the player.&#8221; <\/p>\n<p>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:<\/p>\n<blockquote><p>&#8220;NFTs can give you the technical ability to take ownership of a game asset out of the control of the publisher of the game.&#8221;<\/p><\/blockquote>\n<p>One of the best examples Dunmow has seen of people making a living through GameFi was a 2021\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=Lg5C2EbYueo\">report<\/a> 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.<\/p>\n<blockquote><p>&#8220;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.&#8221; <\/p><\/blockquote>\n<p>Dunmow and Nguyen say the negativity around NFTs and blockchain in gaming present a challenge, but through their games, they hope to &#8220;subtly educate people about the benefits of NFTs.&#8221; <\/p>\n<p>The game studio has been developing a set of blockchain games under the \u201cSupremacy World\u201d ecosystem, which involves building, fighting and mining resources within a fictional dystopian world where factions use giant mechs to fight for territory and power.<\/p>\n<p>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.<\/p>\n<p>Through the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of four interoperable games, the executives said they are creating an ecosystem where players have &#8220;sovereign ownership&#8221; over their digital assets and can use them in whatever way they want, explaining:\u00a0<\/p>\n<blockquote><p>&#8220;What interoperable boils down to is being able to share digital assets between games.\u201d<\/p><\/blockquote>\n<p>However, Nguyen noted that this interoperability also can also extend to \u201cother game worlds, DeFi and PFP collection.\u201d<\/p>\n<p>&#8220;Supremacy will give people who own an NFT, whatever it may be, in-game assets in our world,\u201d said Nguyen, adding that they recently were given a chance to design a custom mech skin for a user based on his Bored Apes&#8217; Yacht Club brand NFT, noting that he can now connect his &#8220;ape&#8221; and claim his custom skin based on his NFT.\u00a0<\/p>\n<p>Although given the time and resources required, Dunmow acknowledges they won&#8217;t be able to custom design something for every user, but he says it shows what is possible. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Illuvium co-founder shares plans for new \u2018interoperable blockchain game\u2019 model<\/em><\/strong><\/p>\n<p>Dunmow said that at the heart of their game, they\u2019re still trying to build a &#8220;fun game\u201d which he believes is vital to the industry&#8217;s survival, adding that &#8220;attracting players from outside the crypto space is crucial, especially in bear markets.&#8221; <\/p>\n<blockquote><p>&#8220;You make a fun game that has blockchain elements and attracts mainstream players; you are now disconnected from market forces, and you&#8217;ll be able to survive any recession.&#8221;<\/p><\/blockquote>\n<p>On Oct. 5, Ninja Syndicate announced a new deal with NFT minting and trading platform Immutable X allowing them to build on Immutable X\u2019s layer-2 ecosystem, joining projects including Illuvium, Gods Unchained and GameStop.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/gamefi-could-be-the-answer-to-unemployment-for-some-aussie-game-studio\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; GameFi could be the answer to unemployment for some \u2014 Aussie game studio &#8220; Australian-based Web3 game studio Ninja Syndicate&#8217;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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":498638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvODUyOTdiMmEtZGFiMy00NjgxLWE3OTAtNGRkOGY0ZTBmOTBlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,91083,133571,91498,117,80,73785],"class_list":["post-498637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-blockchain-game","tag-gamefi","tag-metaverse","tag-business","tag-games","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/498637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=498637"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/498637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/498638"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=498637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=498637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=498637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}