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For immediate release – March 16, 2022, Sydney, Australia: NFT gaming platform Balthazar has released its inaugural Community Insights Report, which found one in three respondents (32%) said they will quit their job or consider quitting if they could play NFT games full-time.
Of the 1,103 respondents who are predominantly from the Philippines, this figure includes those who currently play NFT games and those who don’t yet play.
A further 59% said they would play full-time and continue working other jobs.
Other interesting findings include:
Over two-thirds (65%) of respondents said they would need to earn a minimum of US$42 on average to consider quitting their job to play NFT games full-time. More than half of which (55%) said they would need to earn between US$1 and US$20 per day to afford to quit their current job to play.
Out of those who have jobs, they earn US$316 on average per month, or about US$16 per workday.
The majority (85%) of those who are Balthazar Wizards (who are signed up to Balthazar’s scholarship program) said they play in a guild because they love the community support and learning that is offered to them.
While 69% said they also can’t afford to buy the NFT assets needed to play, and 32% said it’s more fun than playing on their own.
Asked why they chose Balthazar, 70% said it’s because of the opportunities to earn more money, as well as 63% for the ongoing support and 67% said it’s more engaging than other guilds.
Many people in the Balthazar community rely on play-to-earn games as their primary source of income, as 69% of respondents are not working (many of which are students). Less than one in three (27%) said they have one job while 3% said they have more than one.
63% of the respondents said they support at least one other person financially, of which 5% said they financially support 6-10 people.
Over half (52%) said they have used their game earnings for basic necessities and personal needs such as food, housing and bills, while 19% said they have used it for education expenses.
Comments from John Stefanidis, CEO of NFT gaming platform Balthazar:
“I’m not surprised by these findings because, just like us, our community is incredibly excited about the future in NFT gaming and the potential earning opportunities offered through Balthazar. They love play-to-earn games and many are ready to quit their other jobs to play NFT games instead, as they could potentially be earning the same, if not more from playing NFT games.
“There is something special about Balthazar’s community, as we bring a unique experience unlike other guilds. We believe in creating a fun and nurturing community and we provide support and training as well as loads of fun initiatives.
“We believe that play-to-earn games will be the biggest disruptor in the crypto space this year, as well as the video game industry, as more gaming companies, crypto holders and traditional investors are investing in the space.
“I’m most excited about the redistribution of wealth from traditional gaming companies to people who need it most and into their economies. Gaming platforms like Balthazar are innovating in the metaverse, by not only creating token utility, but also building a self-sustaining ecosystem allowing more people access to crypto.”
Balthazar’s Community Insights Report was compiled through an online form distributed to its Discord community between February 15-March 7, 2022.
Balthazar is a scholar-driven NFT (non-fungible token) gaming platform for the metaverse. Balthazar aims to be the largest Decentralised Autonomous Organisations (DAO) in the play-to-earn space. It’s a community-focused guild for gamers to access play-to-earn games with no upfront cost, supporting a fun and competitive team of players. It also offers a NFT management program where NFTs can be rented to Balthazar for the scholars to use in games. Balthazar supports the guild through social networks, educational resources, and training and development around game play and learning cryptocurrency investment.
Balthazar CEO John Stefanidis Debuts on CNBC: Gaming as a New Use Case for Crypto
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