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It goes to show that making a living off of gaming is not a new concept — but we already knew that.
We have eSports superstars earning .We have .
But what about those of us who would love to earn a modest living for just having fun?
, , , , and recently released videos showcasing how players can win in-game items and cryptocurrencies, then trade them for Bitcoin or even use them to catch an Uber.
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The being received from in this video is an ERC-20 Ethereum-based cryptocurrency. As you saw, by visiting , users can easily purchase an Uber voucher, pay using the , and hail a ride within minutes.
But what if a game doesn’t offer cryptocurrency rewards?
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The enables players to melt down their valuable items and retrieve the from within. They can then convert their winnings into hundreds of different cryptocurrencies using in-wallet exchange service.
Keep in mind, these games are designed to provide maximum enjoyment, not gainful employment.The fact that they utilize blockchain technology to give their in-game assets real-world value does intrinsically raise the stakes of play, making the experience more viscerally compelling.
However, we can also envision ways to create tangible gaming economies that provide a consistent income for players by implementing a deeper level of economics into gameplay and enabling gamers to explore recurrent financial opportunities.
9Lives Arena — GDC 2019 Teaser However, the innovative game studio has added another layer of social gameplay through a community collecting challenge called “.”
The Forgotten Skulls, as seen in the …
The Forgotten Skulls of Atlantis are a set of blockchain assets that accrue 99 ENJ for 9Lives Arena’s game devs each time an item is gifted or traded. The gaming studio recently announced this clever challenge , in which they explained that certain collections and combinations of skulls will grant players epic items “so rare that their ancestors from Atlantis will come back to life to join them in celebration of their wealth!” Most of 9Lives Arena’s community members are opting to hold their collectible skulls close and work toward slowly building a winning combination.
Others who have their eyes on the most epic prizes are purchasing skulls from peers—and naturally, those peers are taking advantage of this new market and selling the items for a profit. Some have seen offers of up to 2,000 ENJ ($336 at the time of writing) for one of these forgotten skulls.
The profit-sharing features automated by Enjin’s smart contracts have enabled 9Lives Arena to automatically allocate a 99 ENJ trading fee ($16 at the time of writing) every time a skull is sent from one Ethereum address to another.
With this model, 9Lives Arena can allow free trade of their assets while acquiring a small portion of each peer-to-peer transaction as revenue — which they can then reinvest into the gaming economy their community thrives on.This is a perfect model of what the future of gaming can (and likely will) look like.
Considering that 9Lives Arena is yet to be released…
Imagine how much more compelling this challenge would become once the epic items and rewards are fully integrated into 9Lives Arena’s gaming universe.
Imagine the kind of community engagement this could drive once the game’s social economy gains a critical mass of collectors, players, and streamers.
Imagine if mainstream games like and utilized these kinds of social gameplay mechanics to provide gainful opportunities to their players by boosting revenue and galvanizing their communities at the same time.
Runescape Players Are Hunting Down Venezuelans
By placing their gaming items on the blockchain, developers can mitigate these game balancing issues by regulating their economy using ironclad smart contracts.
Because all transactions are managed by the blockchain, no transaction can circumvent the smart contracts that govern them.
Game studios can use smart contracts to:But what if we started creating community-based games that are specifically designed to provide employment?
Imagine the rich gaming communities we could foster, the interesting social experiences we could manifest, and the emerging markets we could capture.
Imagine in-game stores where you can buy items from real people instead of static marketplaces.
Imagine if players could rent items from each other to complete specific quests.
Imagine if players could hire one another to help them complete missions.
Imagine gaming worlds where storyline characters were humans instead of NPCs (non-player characters).
What’s more, studios could monetize all of these objective-based social interactions by using fair and mutually-beneficial profit-sharing models that are automated and enforced by the most decentralized and secure blockchain in the world—Ethereum.
There are over 2.2 billion gamers in the world, most of whom could afford to spend $1.90 per day on gaming — if it was worth it.
It’s nearly impossible to carve out a meaningful place in this world for those who aren’t seen by it, but game developers have the power to create entirely new worlds.
Worlds that that can empower those who live far from opportunity.
On a planet of dwindling resources, digital asset economies hold no limitations. In the games market, the most significant limitation is the lack of tools, resources, and imagination. By providing the tools to convert in-game effort to real-world resources, we can unlock the imagination of those who are fueled by the most visceral need to survive.By designing digital worlds filled with meaningful opportunities, we could empower ourselves to improve lives in the physical world.
There’s no telling how much inspiration and human spirit we’re missing out on from the far corners of our planet that go unseen.Maybe all they need is a platform and a device — because the rest is quickly falling into place.