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Although the COVID-19 pandemic has deprived many people of work, it has also accelerated a wave of technological development, accelerating the social transition to the era of the Industrial Revolution 4.0. In this wave of innovation, blockchain technology in the crypto economy has introduced entirely new forms of work.
In crypto, smart contracts connect everything. These smart contracts allow us to create new Labor To Earn models, expanding earning opportunities for many people around the world, especially low-skilled workers. New Labor to Earn models include:
-Learn to Earn & Participate to Earn: Users get paid just by using a certain protocol.
-Create to Earn: Users can create artwork (via NFT) and music playlists to earn tokens.
-Play to Earn or GameFi: By far, this is the most advantageous form of making money. They allow players to participate in the development of the game and earn money just by playing the game.
In fact, when the COVID-19 pandemic hit the Philippines, many people in the city of Cabanatuan north of Manila started playing gamefi, to earn money to make ends meet while in lockdown. College students who can't find a job, unemployed drivers, old men and women whose business is sluggish because of the epidemic, etc. have all found a way out in GameFi.
What is GameFi?
Normally, in traditional game business models, all the revenue goes to the publisher, but GameFi is trying to build game universes owned by players, giving them the freedom to play the game and made money. GameFi creates a player-owned economy, by allowing them to trade items and earn more by playing games.

Why is GameFi attractive in developing countries?
The best example of this GameFi phenomenon is Fairy Cat (fairycat .net). Fairy Cat is a blockchain-based game in which players adopt magical cats called Fairy Cats and collect treasures with them. Players who complete daily quests will earn an in-game currency, called Gold Diamond (GD). GD can be exchanged for USDT coin.
Fairy Cat represents a new business model based on blockchain, where game creators share their revenue with players. Every dollar that players earn can go straight to the developers' pockets. However, instead of charging access, selling ads, or forcing users to buy in-apps and keep all the profits for themselves, the developers of Fairy Cat decided to share the profits with players, hoping that The game will be widely used.
To better understand the operation model and profit sharing of Fairy Cat, you can refer to: fairycat  .net -  code: HycaV4
Conclusion
It is undeniable that GameFi is an attractive proposition for the unemployed or low-skilled workers. Especially, for young people, this is one of the few areas where they have an advantage over experienced elders thanks to their relatively abundant time and technology skills. Furthermore, GameFi allows anyone to convert wasted time into income with relative ease. Now you can use your time waiting for the bus or queuing at the bank to earn a little extra money. Instead of surfing TikTok or watching Youtube, you can play games to earn money. What do you think about this new way of making money? Please comment below to discuss with us!

Gaming is growing faster than ever before. The gaming industry is currently valued at $173 billion, with very positive indicators showing that it will surpass the $300 billion mark in the next five years. Behind this boom is a recent surge in new players, especially in mobile platforms, which have made gaming a more practical and easily accessible experience for the estimated 2.6 billion gamers worldwide.
But for many, being online just for fun is no longer their primary driver. As the saying goes, time is money and players have certainly taken notice that they're making a big investment in virtual experiences with little return. So they’ve started looking for ways to monetize their hobby. However, beyond the world of eSports, there haven't even been many opportunities for casual players to cash in on the effort they put into gaming - until now.
The rise of blockchain games has turned the tables on the gaming industry by making players, and not developers, the main financial decision-makers.Play-to-earn (P2E) crypto gaming is a trend that shouldn't be overlooked. But before we get into the details, it's worth understanding how it all works.


Top Blockchain Games 2022
When compared to the traditional gaming industry, blockchain gaming is still very much a niche. But that isn't to say that can be scoffed at. While still a small parentage of the whole segment, there are now hundreds of crypto games and they're slowly racking up millions of players (and a whole lot of money).
So here's a quick look at the movers and shakers of the crypto gaming scene:

Axie Infinity

The undisputed king of all crypto games, Axie Infinity has taken NFTs to a stratospheric level. Described by some as a Pokemon-like experience, this game is populated by Axies (or digital creatures), with each being an NFT. Players can buy, exchange and breed Axies, and also used them to battle other players or teams in seasonal tournaments. Rare Axies can be worth thousands of dollars and a plot of virtual land recently sold for $1.5 million. What sets Axie Infinity apart from other gaming platforms is its booming virtual economy, where in-game tokens — Smooth Love Potion (SLP) and Axie Infinity Shard (AXS) - are seeing massive gains (of up to 5,700% as of recently). And unlike other big-name players, Axie also encourages players to cash out. Finally, AXS can be converted to Ether or fiat. The game has been a particular hit in some countries, particularly in the Philippines, where players have gone from making it a side hustle to a full-time occupation.

Blankos Block Party
Mythical Games was, of course, already a household name well before entering the crypto gaming market with Blankos. This game allows you to create your own colorful characters in the form of digital vinyl toys, with a focus on customized designs. It also lets users build and explore virtual worlds where they can collect unique 'Blankos', join quests and be a part of team games ("Block Parties"). Limited edition Blankos have been a major draw for investors, especially given the success of partnerships with names like Deadmau5 and Burberry.
Fairy Cat:
Fairy Cat gamefi fairycat .net is a virtual pet blockchain game Play to earn. The Fairy Cat Blockchain Game offers players and investors a very unique opportunity to collect, trade, battle and earn rare assets that greatly increase their income. Fairy Cats and all other in-game items will be stored as NFTs with a 1:1 equivalent of USDT in the player's wallet and thus can be sold for profit and freely traded.
Fairy Cat link: https://www.trust-cat.com?ivcd=uUAadR
Invite code : uUAadR

Mobox
This free-to-play option combines gaming with decentralized finance (DeFi) and runs on the Binance Smart Chain. The developers of Mobox have said that this approach will bring gaming closer to GameFi as a platform where players and investors can access games from different blockchains in one single place. The main goal of the game is to allow players to participate in NFT games freely and earn money by playing. MBOX tokens are used for transaction processing, staking and governance in order to influence the development and allocation of resources within the MOBOX ecosystem. Currently, there are three games available on the platform, with two more games expected to be announced sometime soon.

The History of Gaming — From Pay-to-Play to Play-to-Earn

Until recently, games were split into two main models of monetisation: pay-to-play and free-to-play. However, a new model has started to emerge, dubbed ‘play-to-earn’. Here’s a brief overview of how gaming economics have shifted over the years.
Paid Games/Pay-to-Play (P2P): The First Video Games
It all started with arcade games back in the early 1970s. Arcade video games worked off a pay-per-play model. Like the name suggests, games were monetised per play. Arcade goers would have to stump up a small amount to enjoy one or two rounds of a game. This was hugely profitable.
When home consoles arrived on the scene in 1972, game developers saw a need to introduce a new revenue model: single payment. This new method of payment meant that players could simply pay a one-off sum in order to gain total access to a game. Examples include FIFA and Super Mario Brothers.
In the late ‘90s, subscription models — games that require the player to pay a regular subscription fee in order to maintain access to all parts of a game — were introduced. This method was especially popular with MMORPGs (massively multiplayer online role-playing games) like Tibia, Runescape, and World of Warcraft.
Free-to-Play Games (F2P)/Freemium: The Next Chapter of Gaming
In the free-to-play (F2P) business model, players have access to the core of the game free of charge, but are encouraged to spend money on enhancements, such as additional live, unrestricted playing time, an ad-free experience.
During the early days of the Apple App Store, the majority of early mobile games like Angry Birds, for example, were based on the traditional premium model (i.e., paying for the game up front).
In October 2009, the App Store introduced in-app purchases for free apps, enabling players to purchase digital items, such as in-game currency and resources, to enhance their experience.
Soon after, popular mobile apps like Angry Birds, Temple Run, and Plant vs. Zombies would switch from the premium model to what we call ‘freemium’. Video games like DOTA 2 and Team Fortress 2 quickly followed suit, adopting the free-to-play business model while offering purchasable cosmetics.
Play-to-Earn (P2E) and the Advent of GameFi
In 2017, Ethereum launched CryptoKitties, the first widely recognised blockchain game. Shortly after, a number of other decentralised blockchain games were launched, including Ether Shrimp Farm, Ether Cartel, and Pepe Farm. These games use a P2E economic model, which provides players with the opportunity to monetise their time spent playing games.
In P2E games, in-game assets are usually represented as NFTs, which players can obtain through in-game advancement and gameplay. Unlike traditional video games, where developers control all in-game economics, players in P2E games have ownership and control over their digital assets. They can even contribute to game decisions and help shape the future of the game through the accumulation of tokens.
Take Fairy Cat Gamefi (Fairycat .net), for example, a blockchain game that rose to prominence in 2022. In Fairy Cat, players collect, breed, train creatures called ‘Fairy Cat’. Unlike conventional in-game items, each Fairy cat and item can be traded on the game’s marketplace for real money.
The game has one native cryptocurrency: USDT. Which is what players earn through playing the game.
With all that said, games like Fairy cat can have a cost of entry. In order to start playing, users must adopt one pet character. Building out an average team in first stage would have cost around US$30
This initial cost is still a huge barrier for many, especially as the vast majority of blockchain game players currently hail from developing countries. This hurdle has led to the rise of gaming guilds — platforms that enable NFT owners to lend out in-game assets (NFTs) in return for a share of the assets generated — which reduce the considerable upfront costs for would-be participants. The most well-known guild is Yield Guild Games (YGG).

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