Web3 gaming is still a relatively new concept in the overall games industry, combining the excitement of video games with the security and transparency of blockchain technology. With the rise of Web3, gamers can now experience a whole new level of gaming that offers a variety of financial incentives and opportunities. Players can earn real-world rewards by participating in games that are integrated with decentralized finance (DeFi) and use cryptocurrencies or other digital assets as a form of in-game currency. The use of blockchain technology also enables players to own their in-game assets as NFTs, which can be bought, sold, and traded on various marketplaces.
Are you a gamer who has spent countless hours playing games?
Well, what if we told you that you could turn your gaming hobby into a career? The rise of Web3 gaming opens up job creation and development opportunities in the gaming industry.
In this article, we will take a look at the jobs these concepts will create and the potential outlook for the future–facilitated by NFT rentals.
I. The Role of Guilds in Web3 Games
Web3 allows players to earn real-world rewards by playing games that have integrated blockchain technology.
One way players can take advantage of this model is by joining guilds, which encompass groups of players who come together to collaborate and earn rewards in ways not possible as an individual.
Guilds play a crucial role in the Web3 gaming space, not only by providing a sense of community and support for players but also by creating new job opportunities and income streams for individuals within the guild.
One of the primary roles of a guild in Web3 is the ‘reward share’ aspect, in which members pool resources and collaborate to achieve shared goals, with guild members working together to distribute the benefits of their collective efforts fairly.
Therefore through consistent contribution to the collective, one may earn a valuable income stream with the potential to achieve a viable living wage through the guild ecosystem.
In many games, guilds are also responsible for managing in-game assets and resources, such as guild halls or land, which can generate income or other benefits for the guild and its members. As such, this can create new job opportunities for individuals with leadership, management, or organizational skills. Guild leaders, for example, are responsible for managing the guild’s activities and coordinating the efforts of its members. Structurally, guilds are complex, creating varied job possibilities as the industry develops.
Furthermore, the collaborative nature of Web3 gaming guilds creates opportunities for individuals with various skills and interests to contribute to the guild’s success.
For example, a guild may need a skilled creator to develop items for its members, a dedicated researcher to uncover new tactics and strategies for the guild, or event planners who organize activities for the community.
All in all, the prominence of Web3 gaming guilds creates a wide range of job opportunities and income streams for individuals with a variety of skills and interests. Guilds are an essential part of the Web3 ecosystem and offer numerous prospects for individuals looking to participate in this exciting and rapidly evolving industry.
II. Scope of the Scholar Model
The scholar model is a popular feature of many Web3 games, in which experienced or skilled players (known as scholars) leverage the financial means of the guild’s digital assets to make money in games–as well as help new players improve their skills and knowledge.
This role will continue to evolve as the industry develops and new opportunities emerge, bringing about numerous job prospects in these emerging industries:
As the scholar model gains popularity, there may be opportunities for scholars to take on more responsibility regarding recruiting and onboarding new scholars to aid expansion, as well as manage teams of scholars and coordinate their efforts to maximize the earnings of new players.
As more people become interested in the scholar role, there may be increased competition for profile and earnings, which may require scholars to differentiate themselves and offer unique value propositions. This could be encouraged due to the increasing complexity and diversity of Web3, which may allow scholars to specialize in specific game areas and ecosystem sub-sections.
Mainstream adoption can bring greater integration for scholars within the gaming industry, such as the potential to be hired by game developers in relevant roles to help improve player engagement and retention–leveraging the skills acquired in the blockchain landscape.
New roles will emerge in line with industry development, with scholars playing an increasingly important role in driving player engagement and helping new players navigate this complex and exciting new industry. It breaks down the financial barrier to entry, allowing players to earn consistently with the capacity to grow into roles within the guild and broader industry.
III. Metaverse Integration into Web3
As the gaming industry continues to evolve, so does the gaming concept. One exciting development in gaming is the emergence of the Metaverse, a virtual world where players can create, explore, and engage in activities that were previously not possible.
This blossoming concept of continued integration of virtual environments into society and gaming will birth countless career opportunities.
- Virtual Landlords are an exciting new job opportunity that has emerged in the Metaverse. These individuals or organizations own and operate virtual land, which they can rent to other players for various purposes–such as hosting games and events or creating virtual experiences. This could be a highly lucrative job, as the value of virtual land is expected to continue to rise as the Metaverse grows in popularity.
- Virtual Advertisement is another area of financial possibility that has emerged in the Metaverse. Companies are now starting to recognize the potential of the Metaverse as an advertising platform. Therefore, Virtual Advertisement specialists will be responsible for designing and implementing ad campaigns that engage players in the virtual world and drive real-world results.
- Virtual Event Management — As the world becomes increasingly digital, the gap between in-person and virtual events is blurring. Virtual event managers will be responsible for organizing and managing virtual events, such as conferences and concerts, encompassing a worldwide audience.
IV. Digital Creators in Web3
Web3 gaming also provides exciting opportunities for digital creators, such as graphic designers, animators, and sound engineers.
These creators can use their skills to create virtual items, such as skins, avatars, and sound effects, which can be sold in the game for real-world rewards and creates a new revenue stream for their work.
Digital creators can also work directly with game developers to help design and develop new games or improve existing ones. Thus, game developers are willing to pay talented digital creators to design and create virtual items that meet the game’s needs.
Moreover, as the gaming industry continues to evolve and expand, new job opportunities are emerging for digital creators. For example, some games may require the creation of original music, sound effects, or voice acting, providing a new outlet for audio professionals to use their skills and gain further job opportunities in the gaming industry.
This is an excellent opportunity for creators who want to work in a fast-paced, dynamic industry that is constantly evolving and testing the limitations of the intersection between the physical and digital realms.
V. How does reNFT act as an enabler of virtual job creation?
Our NFT rental protocol offers a new way for individuals to monetize their NFT assets by renting and lending them out to others, thus laying the foundation for job creation opportunities in several areas related to the Web3, NFT, and Metaverse industries.
The integration of the Metaverse into Web3 brings many possibilities to leverage our protocol to create financially rewarding outcomes for those involved. The ability to rent and lease NFT land and virtual spaces is made possible through NFT rentals; we are excited to see how this space develops and all the opportunities it creates.
Another significant benefit of our protocol is using our reward share product, where guilds can share a portion of the in-game rewards they receive directly with their scholars. This way, guilds increasingly incentivize more gamers to join and rent assets from them because of the mutual reward, consequently creating more opportunities for gamers to earn and receive income.
Our NFT rental protocol can support guilds and help them scale, which stimulates job creation and improves the financial economy around blockchain gaming as a whole.
To conclude, the Web3 gaming ecosystem will continue to open up new opportunities for players, scholars, and creators in the gaming industry, whether you are new to the industry or already have expertise in blockchain technology and cryptocurrencies.
The creator economy and demand for digital innovation in gaming and the Metaverse are increasing exponentially, and the potential is endless for those who want to pursue opportunities in this industry.
Along with the ability to trade digital assets, which creates a direct link between the virtual world and the physical world — meaning digital creators can earn income from their creations in a way that was not possible before.
In this way, our NFT rental protocol increasingly enables the creation of further income opportunities for individuals looking to work and contribute to this rapidly evolving industry.
These prospects will expand as the gaming industry continues to adopt NFTs, with rentals becoming an integral part of this gaming experience; the future of blockchain gaming is bright, and we are excited to be at the forefront of this revolution.