How to make Money while playing games
Podcast Notes:
Earning Incentives:
- Tokens
- NFTs
- Combination of the two
Opportunities:
Play to earn
- The Sandbox • Earn Tokens and NFTs
- Decentraland • The biggest Play-to-Earn game
- Axie Infinity • Earn through card games
- Gala Games • Hub of Play-to-Earn games
- WAX • Eco-friendly blockchain for NFTs and video games
- My Neighbour Alice • Farm building Play-to-Earn game
- Star Atlas • Play-to-Earn strategy and domination game
- Sorare • Global fantasy football NFT trading game
Join/Work for a Gaming Guild/DAO
- Yield Guild Games • Gaming guild with DAO structure
- Merit Circle • Play-to-Earn investment focused DAO
- HumanDAO • Play-to-Earn DAO for low income earners
Advise
Marketing
Develop/Create
Risks
Sporadic income • The exchange rate of tokens changes daily. Income can be volatile.
Scams • ‘Squid’ token was launched after the release of Squid Game and resulted in $12million worth of fraud. Authenticity isn’t a given.
Regulation • Governments look for excuses to outlaw cryptocurrencies. Play-to-Earn has components of gambling which may see use prohibited or regulated.
Diminishing Returns • Once the field is flooded with players, games will run into supply problems. Earning potential may diminish. Growth necessity • Tokens need to be kept in a Play-to-Earn to keep the system liquid and ecosystem viable. Growth in the value of the token is the only incentive to hold.
