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.