The GameFi industry has always been a hub for innovation. This time, charity is the focus. While the growing industry has provided income streams for its growing player base, the focus on giving back via nonprofit drives deserves mention. Especially in a world where players are given options to achieve their goals.
Tatsuya Kohrogi, the CSO at DEA, explains further.
Please can you tell us about Impact NFTs on PlayMining?
Impact NFTs are a new kind of social good utility NFT on the PlayMining GameFi platform. When an Impact NFT is used in a PlayMining game, a percentage of the DEAPcoin cryptocurrency tokens the player earns is donated to charity. Our first use case is an Impact NFT for our game ‘Lucky Farmer’ that will make regular DEAPcoin donations over a six-month period from May to October to support a struggling banana farmer and his surrounding community in an impoverished region in the Philippines. In short, Impact NFTs let people make a dramatic difference in the lives of others just by playing a game, which is a first for the industry and we hope it’s something that will catch on.
How can young people’s energy be used profitably and charitably?
Through GameFi! By playing games with Impact NFTs, young people can be both profitable and charitable at the same time. They could also help others get started in the GameFi scene by investing in a Play-&-Earn (P&E) NFT and then lending them out to a scholar on a scholarship system. The scholarship system gives new players a way to get started playing with no upfront investments. The investors lend NFTs to players (the scholars) for use in P&E games, and earnings from the games are shared between the player and the owner of the NFT. Many P&E game NFTs are quite affordable nowadays, so this is becoming more and more feasible for many young people around the world. Young people can actively connect with gamers or communities that they would like to help using this token incentive model.
How has the Web3 space created opportunities for Gen Z to make an impact without the ability to earn?
Many Web3 platforms reward their users for participation or content creation. This is most apparent in Web3 social media projects and P&E gaming, where young people can earn cryptocurrency for doing activities that they were previously doing for free. This is empowering, as it creates wealth for people who previously had little, without any extra effort.
Web3 is also ideal for integration with social good causes. The transparent and trustless nature of blockchain technology is a perfect fit for projects that are allocating funds to charities, for example. Smart contracts can be programmed in such a way that the end user can know without any doubt that their actions will be of high value — in this case that their donation will go to the proper end user charity. There are many other instances of blockchain being used for social good, too. Web3 is undeniably creating many amazing opportunities around the world, and DEA is committed to championing GameFi as a means of creating social good.
Please can you tell us about the five P2E games on the PlayMining platform?
Job Tribes is a card battle RPG game, and is the most popular one on our platform. It features colorful trading card NFTs with great art and easy to learn strategy card battles. More than 10,000 scholars have earned over US$4.7 million playing Job Tribes since December 2021.
Cookin’ Burger is a multi-tasking action game in which players take on the role of a burger shop worker, taking orders and serving up meals as efficiently as possible.
Menya Dragon Ramen takes the cooking RPG experience to another level, requiring players to manage staff of a ramen shop, who also have to go down into dungeons to fight monsters for rare soup ingredients.
Graffiti Racer is a coloring and racing game in which players color their own NFT avatars and then race them on a track in multiplayer tournaments.
Lucky Farmer is a coin pusher game which features a slot machine, coin pusher and bingo game elements, combined with a cute farming theme including crops and pets that provide special abilities.
We also have a sixth game, Lost Archive +, which will be launching soon. It’s a deck building game like Job Tribes that also features strategic placement board game elements and a fantasy/science fiction-themed setting.
More games are in development, scheduled to launch later this year.
Read more here.