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GameFi in the Web3 World

Discover the emerging field of Game Finance and learn how gaming can be harnessed to create new business models and opportunities, with this online course from RMIT University.

Duration

5 weeks

Weekly study

3 hours

100% online

How it works

Unlimited subscription

Learn more

Established

1887

Location

Melbourne, Australia

World ranking

Source: QS World University Rankings 2022

Explore GameFi with RMIT University

Game Finance, or GameFi, combines elements of blockchain technology, decentralised finance (DeFi), and gaming to create innovative business models and opportunities.

This five-week course from RMIT University provides a comprehensive overview of developments in GameFi. From the fundamentals of gaming in the era of Web3 to the uses of gaming technology within finance, you’ll gain the knowledge you need to navigate an exciting new financial landscape.

Examine the specificities of Web3 gaming

The course will start with an overview of gaming in Web3. You’ll learn how the latest digital technologies have influenced gaming, and what the advantages of these developments are for both gaming and finance.

You’ll also take a detailed look at two examples of Web3 games, Illuvium and Axie Infinity.

Understand the role of blockchain in gaming and GameFi

In the middle two weeks of the course, you’ll explore a range of cutting-edge digital developments transforming gaming, finance, and GameFi. Almost all of these developments are powered by blockchain.

From smart contracts and NFTs to decentralised finance and DAOs, you’ll cover crucial new technologies and their applications within GameFi.

Look to the future of GameFi in the metaverse and beyond

Once you’ve surveyed the lay of the land in Web3 Game Finance, you’ll begin looking towards the future of the field.

You’ll discuss how GameFi business models could transform our approach to finance, and how the development of the metaverse could revolutionise things again. You’ll also explore the gamification of areas beyond finance, including e-commerce.

Whether you’re an avid gamer or an aspiring finance professional, you’ll finish the course with the expertise you need to become a GameFi pioneer.

Week 1
Web3 Gaming
- Introduction to the Course
  This section provides an introduction to the course.
- Introduction to Web3 Games
  In this section, we introduce the concept of Web3 and the exciting world of Web3 gaming.
- Examples of Web3 Games
  This section examines two examples of Web3 games, Illuvium and Axie Infinity, highlighting the innovative elements they bring to gaming and the underlying technology that enables them.
- Game Design
  In this section, we explore game design principles and consider why these are just as crucial for GameFi games as they are for traditional video games.
- Advantages of Web3 Gaming
  In this section, we explore the constraints of Web2 gaming & dive into Web3's transformative potential. Understand digital ownership, liquidity advantages, and see how decentralized communities reshape the gaming paradigm.
- Week 1 Wrap-Up
  A summary of what we have covered this week
Week 2
Smart Contracts, NFTs, and Applications
- Introduction to Week 2
  Welcome to Week 2.
- Smart Contracts
  Explore the concept of smart contracts and delve into their potential to revolutionise gaming by automating transactions, ensuring secure and transparent in-game purchases, and more.
- NFTs
  In this section, we explore the multifaceted world of NFTs and how they are shaping in-game economies.
- Week 2 Wrap-Up
  A summary of what we have covered this week.
Week 3
DeFi, DAO, and Applications
- Introduction to Week 3
  Welcome to Week 3.
- DeFi
  In this section, we learn about DeFi's role in in-game economies and consider strategies for funding, distribution, and governance.
- DAOs
  In this section, we explore the world of DAOs and delve into governance via smart contracts, the transparency and member control they offer, and their application in community-driven game development.
- Week 3 Wrap-Up
  A summary of what we have covered this week.
Week 4
Designing In-Game Economies
- Introduction to Week 4
  Welcome to Week 4.
- Value Creation in GameFi
  In this section, we explore the concepts of network effects and the economic flywheel and why they are important for creating value in Web3 game economies.
- GameFi Business Models
  This section explores two GameFi business models - Play-to-Earn and Move-to-Earn and how each creates value.
- Week 4 Wrap-Up
  A summary of what we have covered this week.
Week 5
GameFi and the Future
- Introduction to Week 5
  Welcome to Week 5.
- Metaverse
  This section explores what the metaverse is and how it can enhance the GameFi experience by creating a more immersive and interactive environment.
- Esports
  This section explores Web3 applications in Esports.
- Beyond the World of Gaming
  In this section, we explore how the principles of GameFi can be applied to other fields through gamification, looking at e-commerce as an example.
- Considerations for Adoption and Use
  This section delves into the principles of privacy and ethics in GameFi.
- Course Wrap-Up
  In this section, we reflect on what we have learned throughout the course.