A complete guide with financial strategies and optimised rewards in the Play to Earn space
GameFi as a means against inflation │ Decentralized potential for content creators
There has been a wide recognition for the necessity of financial freedom and find effective methods to reward content creators. New blockchain schemes and strategies will be presented as part of solutions to tackle inflation and properly incentivise influencers who are ready to contribute in this new digital space.
🙏 Thanks to our sponsor
👉 Balancer: an Ethereum, Polygon and Arbitrum - Based Automated Market Maker Protocol
📈 GameFi as a means to tackle inflation
Nowadays, the future of the economy is uncertain, with the population wondering what is going to happen. It is no secret that inflation rates have experienced a rampant increase.
Thus, we would like to share with you relevant insights on how to curb inflation through gameFi.
First of all, game developers can simply improve the quality of the gaming experience. By improving this characteristic, there will be higher likeliness of players willing to pay.
Therefore, the gaming experience is consisted of two parts:
The enjoyment of the gameplay itself
The financial rewards as a result of playing and trading
Secondly, once it has improved the players’ side of the game, companies can then focus on the financial ecosystem as a whole to further tackle inflation. The 4 key strategies consists of:
Charge user's transaction fees and burn a portion of them
Create NFTs with a higher utility case in forms of social avatars, new currency production or asset certificate, as a way to decrease user selling behaviour.
The multi-currency/token model transfers inflationary pressure and continuously transfers the selling pressure of a single currency.
Improving token’s positive expectations in order to lower their selling pressure.
👑 How to earn more in play-to-earn
In the previous chapter, it has been stated what can play-to-earn companies do in order to enhance the economy of the gaming blockchain. Now it is time to find out what skills and knowledge players need to acquire in order to further optimise their in-game rewards.
It is evident players need to become more aware that the P2E system is not a magic pill which allows you to make an income just like that. This means that in play-to-earn should participate players who are ready to fully dedicate themselves into, and realize that it depends on how much effort a user puts in the game. In addition, it is crucial to follow the gameFi market and see which projects are popular and also how much demand there is for the in-game assets or underlining token.
It is also recommended to follow play-to-earn newsletters and check the activity of Discord and Twitter servers, so new players can become more prepared to join the immense possibilities which play-to-earn offer.
Moreover, there are other ways of making money indirectly with play-to-earn. For example, people can be committed in becoming a Twitch broadcaster, a Youtube game tester or participating in large tournaments.
✏️ Metaverse to enhance content creation economy
In a digital world, information is the new currency. Content creation is powerful as it comes already in many forms in the current web 2 such as: text, audio, video or a mix of all three.
The need to share their own thoughts and become independent is best done through building content. It is content creators who now become opinion leaders or influencers in many critical industries, with play to earn and metaverse as one of the key areas of continuous growth.
The creator economy has proved to be an incredible force with a total valuation of over $100 billion in the end of 2021.
Although content creation has seen a lot of success, new talents will be found more and more in a decentralized way. The metaverse is the next iteration of the internet we know today: a fully user-centric environment serving the purpose of elevating creativity to a new level.
This type of shift will give influencers many advantages, from the possibilities to operate on the blockchain itself to new incentives for content creators. This means creators can actually monetize their talent without having to share the proceeds with centralized, often-unfair hosting platforms.
🧑🏫 Elite Nerdz Club
After it has been mentioned the general benefits of the shift of content creation in the metaverse, we would like to present a specific real-life example that justifies this trend.
So Elite Nerdz Club is the first NFT collection to build a teaching marketplace in the metaverse.
Elite Nerdz Club is enthusiastic about providing valuable and exclusive Web 3.0 educational content to their NFT holders and the larger community. This has be done by giving people the chance to monetize their skills and sell their courses in the metaverse.
Hence, attendants can grasp more about the metaverse phenomenon, while a part of the revenue will be left aside and given back to holders of their NFTs.
💯 Find out events worth the attention
Gaia EverWorld
In case you have missed their whitelist or the recent trade pump with the $GAIA token, users will still have a chance to grab some land at the new GAIA marketplace this week for as little as $150.
Disclaimer: This is not financial advise but an upcoming event
Seedify IGO calendar
GameFi Corner had already a few occasions to mention Seedify as one of the leading gameFi launchpads with one of the highest active communities on Twitter and Discord. This time we would like to show you the upcoming games launching on Seedify as IGOs.
✴️ Additional information
Blocktrucks join Enjin and Efinity
Cryptoblades x Enjin partnership
5 Metaverse Game Worlds to look for in 2022