The GameFi industry has always been at the forefront of innovation, and now it is leveraging its growing popularity to make a positive impact on society. PlayMining, a leading GameFi platform, is introducing a groundbreaking concept called Impact NFTs that combines gaming and charitable giving. In an exclusive interview with E-Crypto News, Tatsuya Kohrogi, the Chief Strategy Officer (CSO) at DEA, sheds light on the potential of this revolutionary initiative and its ability to transform lives.
Impact NFTs are a new type of social good utility NFTs integrated into the PlayMining platform. When players use an Impact NFT in a PlayMining game, a percentage of the DEAPcoin cryptocurrency tokens they earn is automatically donated to charity.
The inaugural use case for Impact NFTs is the game ‘Lucky Farmer,’ which will make regular DEAPcoin donations over a six-month period to support a struggling banana farmer and his community in an impoverished region of the Philippines. This novel approach allows gamers to make a tangible difference in the lives of others simply by playing a game, marking a first-of-its-kind initiative in the industry.
Kohrogi explains that young people can harness their energy profitably and charitably through GameFi. By playing games with Impact NFTs, they can simultaneously earn profits and contribute to charitable causes. Moreover, they have the opportunity to help others enter the GameFi scene by investing in Play-&-Earn (P&E) NFTs and lending them to aspiring players through a scholarship system.
This system provides new players with a means to get started without any upfront investment. The token incentive model enables young people to actively engage with gamers and communities they wish to support, further strengthening the bond between the gaming community and social good.
The advent of Web3 technology has opened up tremendous opportunities for Generation Z to make an impact even without the ability to earn. Web3 platforms, particularly in social media and P&E gaming, reward users with cryptocurrency for participating or creating content.
This empowering approach allows individuals to accumulate wealth and access new income streams effortlessly. Furthermore, the transparent and trustless nature of blockchain technology makes it an ideal fit for integrating social good initiatives.
Blockchain’s inherent security and transparency provide users with confidence that their donations reach their intended beneficiaries. DEA’s commitment to championing GameFi as a vehicle for social good exemplifies the immense potential of Web3 in creating positive change worldwide.
E-Crypto News also delves into the PlayMining platform and its diverse range of Play-to-Earn (P2E) games. The platform currently hosts five popular games, including Job Tribes, a card battle RPG game, and Cookin’ Burger, a multi-tasking action game where players manage a burger shop.
Menya Dragon Ramen is a cooking RPG game that combines restaurant management and dungeon exploration elements. Graffiti Racer is a coloring and racing game, while Lucky Farmer is a coin pusher game with a farming theme. In addition, DEA is preparing to launch Lost Archive +, a deck-building game with strategic board game elements.
The adoption of DEAPcoin within PlayMining games has opened up opportunities for gamers to earn cryptocurrency while playing. DEAPcoin can be used to purchase utility NFTs on the PlayMining marketplace, enhancing players’ earning potential.
The token is also tradeable on various popular exchanges, enabling players to convert it into fiat currency. Remarkably, GameFi has not only attracted gamers but also non-gamers who have discovered new income streams. Investors have formed
Read Also: Play to make a difference with world’s first Impact NFT on PlayMining GameFi platform