Despite the loss of jobs due to the COVID-19 pandemic, there has been a surge in technological advancement, pushing society further into the era of the Industrial Revolution 4.0. Within this wave of innovation, blockchain technology in the crypto economy has introduced new forms of work.

Smart contracts in the crypto world have revolutionized the way we connect and transact. These contracts have opened up new opportunities for earning income, particularly benefiting low-skilled workers around the globe. These new models of earning income include:

1. Learn to Earn & Participate to Earn: Users can earn money simply by using a specific protocol.

2. Create to Earn: Users have the ability to create artwork (via NFTs) and music playlists in exchange for tokens.

3. Play to Earn or GameFi: This method of making money is highly advantageous, as it allows players to not only enjoy the game but also actively participate in its development and earn money while playing.

In fact, during the COVID-19 pandemic in the Philippines, many individuals in Cabanatuan city turned to GameFi as a means of making ends meet during lockdown. College students unable to find jobs, unemployed drivers, and elderly individuals whose businesses suffered due to the epidemic all found solace in GameFi.

But what exactly is GameFi? While traditional game business models give all revenue to the publisher, GameFi strives to create game universes owned by players, granting them the freedom to play and earn money. GameFi establishes player-owned economies by enabling players to trade items and earn more currency through gameplay.

Developing countries find GameFi especially attractive due to its unique benefits. A prime example is Fairy Cat (fairycat.net), a blockchain-based game where players adopt magical cats called Fairy Cats and collect treasures with them. Players who complete daily quests earn an in-game currency called Gold Diamond (GD), which can be exchanged for USDT coin.

Fairy Cat represents a new business model based on blockchain technology, where game creators share revenue with players. Instead of solely profiting through access fees, ads, or in-app purchases, Fairy Cat's developers have chosen to distribute profits with players, hoping to expand the game's reach.

Understanding the operation model and profit-sharing of Fairy Cat can be further explored at fairycat.net - code: HycaV4.

In conclusion, GameFi presents an appealing opportunity for unemployed individuals and low-skilled workers. It particularly benefits younger people who possess time and technological skills that give them an advantage over more experienced individuals. Moreover, GameFi allows anyone to convert idle time into income with relative ease. Instead of mindlessly browsing social media, individuals can now play games and earn money. What are your thoughts on this innovative way of making money? Feel free to comment below and join the discussion!