Blockchain games are played for fun, but some developers in the industry believe that the game could eventually turn into a kind of profession where players can earn money.
Video games that use blockchain technology allow players to earn native crypto or non-fungible tokens (NFT) by playing and participating in events in the virtual world. Users can trade or sell their rewards to others and exchange them for fiat currencies or other cryptocurrencies, such as Bitcoin
BTC ($25,502) and ether ETH ($1,806).
Known as GameFi and play-to-earn (P2E), these game operators have seen some places, like a small town in the Philippines, turn blockchain games into work. However, it is unclear how existing employee protections and labor laws will apply. Many countries have laws that give workers certain rights, such as minimum wages, safe workplaces, wages, pensions, and other protections.
Gip Cutrino, entrepreneur and COO of Web3 platform Runiverse, told Cointelegraph that the idea of using blockchain games to earn a living has already had an impact, especially in countries where wages are low. According to Cutrino, due to the new technology, the rules surrounding the concept have not yet been defined, but he expects the rules to be in the sky as more audiences participate.
“We build products and create solutions that are not considered by the current rules, which can become confusing especially when you consider the global nature and interconnectedness of the blockchain game that is spreading and different countries and legal rights,” said Cutrino. He added, “There are no global operating rules that specifically address this situation, but we can expect an increase as the GameFi system takes off.”
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