<p>GameFi Crypto or crypto gaming is also called &ldquo;Play-to-Earn&rdquo;. It's a new concept that will transform the gaming world beyond recognition.</p>
<h2>What is Play to Earn?</h2>
<p>There will be new models similar to Play to Earn; Exercise to Earn, Listen to Earn, and even Learn to Earn. GameFi Crypto will revolutionise the education and music industry, film industry, entertainment industry, game industry, even influencers, and change them forever.</p>
<p>It will be done based on blockchain technology, using a technology within that is called the Non Fungible Token or NFT, which is made available to you and me via blockchain technology.</p>
<p>We will have a "Game Item" (Game Token). We can exchange a Game Item across servers. Users can own a Game Item but no-one owns the server with blockchain.</p>
<p>We can trade Game Items (Game Tokens) across servers. Then the Real Sector will have convergence. The application of digital technology allows us to apply NFTs into the Real Sector, to increase foot traffic and increase sales in exchange for intangible customer value.</p>
<h2>Play and Earn Crypto</h2>
<p>For example, if a customer wants a sword to win a game, but can't buy it in the game they may need to spend more than THB 1,500 at "x" restaurant to get that game item or to earn the game token. It's a way to increase foot traffic in malls, shops, hotels and more.</p>
<p>This is a new capability that will change the entertainment, gaming, music and fitness industry sectors, as well as many more, including the education sector. By next year, GameFi will boom for sure. It will change many sectors and cross platform interactions, including between the real sector and digital economy. It will be an omni channel.</p>
<p>The bigger the change in the world, the greater the opportunities.</p>
<h2>A Global Transformational Shift</h2>
<p>I want you to be open-minded. When you understand the world's new rules, the odds of you being successful are much greater. Be aware of the global transformational shift before other people, before the mainstream. The opportunities will be huge.</p>
<p>We must know the direction of the transformational shift, where it is heading. You need to be aware of the direction of the wind, and not try to go against the wind. If you follow the wind, then there are many opportunities for each of us to fly.</p>
<h2>Be Open Minded, Take Action &amp; Grow</h2>
<p>I encourage you to continue to learn, to be open minded and to take action and grow. People who understand and adopt new technologies first (early adopters) will gain first and grow. It's true for every generation.</p>
<p>Thank you everyone.</p>
<p>CI Talks</p>
<p>&nbsp;</p>
<p>The <a href="https://citalks.com/talk/cryptocurrency-revolution">Cryptocurrency Revolution</a> video series is brought to you by CI Talks. Find more inspirational videos and stories that spark change on <a href="https://citalks.com">CITalks.com</a> and be inspired to take action and grow.</p>

Read the Topp Jirayut on GameFi Crypto script on CI Talks & be ready to succeed. Know how DeFi & Play to Earn are creating digital & real world opportunities.

Topp Jirayut on GameFi Crypto Script | CI Talks

Topp Jirayut on GameFi Crypto Script

<p>NFT stands for &ldquo;Non Fungible Token&rdquo;.</p>
<p>Fungibility is a property of money. Every physical coin in today&rsquo;s world needs to be identical. This is what is called fungibility.</p>
<p>For a real world example, imagine a microphone that was used by Michael Jackson just before he died. This microphone is Super Non Fungible. It's different from ordinary microphones or even microphones of the same brand and model, and its value is certainly very different because Mchael Jackson used it before he died.</p>
<p>This microphone would be &ldquo;Non Fungible&rdquo; as it is unique in the world; it is one-of-a-kind. But how can we upload this microphone online?</p>
<p>Suppose we just take a photo of it and upload it to the standard internet. That photo can be copied infinitely. Users can simply use ctrl+c or ctrl+v to save it to their computer and repost it online. Consequently, that photo has no value.</p>
<p>So how can we digitize this one-of-a-kind microphone so that it remains unique and retains its value?</p>
<p>We use a technology called Non Fungible Token (NFT) which represents one single, unique unit that can be used to represent digital art, paintings or Michael Jackson's microphone, intellectual property, things with sentimental values, and experiences that money cannot buy.</p>
<p>We can tokenize them and upload them into the online digital world as well.</p>
<p>NFT and Fungible Tokens form the backbone of the Metaverse.</p>
<p>We cannot digitize bank notes and move them online into the virtual world at the moment because of the current centralized financial system. Their format cannot be changed. Bank notes, in today&rsquo;s world, have to be fungible tokens. Blockchain is driving &ldquo;Decentralized Finance&rdquo; or &ldquo;DeFi&rdquo; which has already disrupted the financial sector and will continue to do so.</p>
<p>Cryptocurrency is used virtually. In the future, there will be two kinds of digital value, fungible and non fungible, just like in the real world.</p>
<p>The digital world too will have two kinds of token, using the two technologies:</p>
<ol>
<li>Fungible Token Market and,</li>
<li>Non Fungible Token Market</li>
</ol>
<p>CI Talks</p>
<p>&nbsp;</p>
<p>The <a href="https://citalks.com/talk/cryptocurrency-revolution">Cryptocurrency Revolution</a> video series is brought to you by CI Talks. Find more inspirational videos and stories that spark change on <a href="https://citalks.com">CITalks.com</a> and be inspired to take action and grow.</p>

Read the Topp Jirayut on Cryptocurrency and NFT script on CI Talks. Know what non fungible token means with Michael Jackson's microhone as an NFT example.

Script - Topp Jirayut on Cryptocurrency and NFT | CI Talks

Topp Jirayut on Cryptocurrency and NFT Script

<p>Blockchain is a distributed ledger technology. It's like having several active ledgers.</p>
<h2>Making sense of Bitcoins &amp; Blockchain</h2>
<p>"Blockchain A digital, public ledger that records online transactions."</p>
<p>In the recording of transactions, users don't know the identity of each other. They cannot collaborate. There are checks and balances with more than one user recording. This is blockchain. It's a value registry in the recording of transactions in the state of account.</p>
<h2>Cryptocurrency: A digital or virtual currency that is encrypted and decentralised.</h2>
<p>Cryptocurrency is a unit of account for the transfer. Like a medium of exchange in a value registry called blockchain.</p>
<p>Each transaction is recorded in the blockchain, not by a single user, but by every user in the world. This allows us to exchange values without the need to rely on or trust any person or intermediary anymore.</p>
<h2>How the Internet has Evolved Over Time</h2>
<p>When the internet first emerged, it was a miracle that created digital abundance.</p>
<h3>Digital Abundance: The state of having access to near unlimited digital resources</h3>
<p>What is digital abundance? Whatever is uploaded online can be copied. Be it, work files, photos, audio, or emails.</p>
<p>But the setback is that after we send all those files, we still have the old copies on our computers. We communicate by copying. It's called Digital Abundance.</p>
<p>Every valuable object is still in a physical format, be it bank notes, land deeds, diamonds, or gold. Whereas data is all in digital format; listening to music, communication, adverts.</p>
<p>With blockchain, an incorruptible ledge is created. No one can go and fake it. It cannot be double spent. It effectively creates "Digital Scarcity".</p>
<p><strong>"Digital Scarcity&rdquo;<br />Scarcity = Wants &gt; Available Resources"</strong></p>
<p>Now we can make digital files scarce. A digital file can represent value. We can digitise money into digital format. When I send it out, no copy will be left on my computer.</p>
<p>This means we can now upload "value" online; digital diamonds, digital gemstones, digital gold, digital land, or digital apartments. We can fractionalize an apartment, or large land plot for collective ownership. The same concept applies to stocks or other assets. We can have digital bonds.</p>
<h2>Bitcoin Blockchain</h2>
<p>Bitcoin is a digital token in the system called bitcoin blockchain. Bitcoin blockchain is an accounting system that allows simultaneous recording of transactions from around the world, with no intermediary (bank, credit card company, etc) involved. It is a system that ensures data integrity or incorruptible ledgers.</p>
<p>With blockchain, we can transfer values across various platforms, speaking the same language. Money can be transferred instantly at any time, without a medium. We are democratising values just like how the internet democratised information in the first 20 years; the Internet of Information.</p>
<h2>The Internet of Value</h2>
<p>20 years later, with the emergence of Blockchain, we are about to have the Internet of Value. What does it mean? In the future, data or value can have its digital file. One type of digital file can be infinitely copied on the internet, but another type is unique. It cannot be copied and, therefore, can have value when circulated online.</p>
<p>Whether it's a data set or value, we are about to have a 100% digital economy.</p>
<p>&nbsp;</p>
<p>The <a href="https://citalks.com/talk/cryptocurrency-revolution">Cryptocurrency Revolution</a> video web series is brought to you by CI Talks. Find more inspirational videos and stories that spark change on <a href="https://citalks.com">CITalks.com</a> and be inspired to take action and grow.</p>

Read the script from Topp Jirayut on Bitcoins and Blockchain on CI Talks. Understand "the internet of value" & how it's shaping a digital economy.

Script - Topp Jirayut on Bitcoins and Blockchain | CI Talks

Topp Jirayut on Bitcoins and Blockchain Script

<p>When I was a kid, I didn't know that I was ambitious. I didn't really care much about my life. I was naughty, picking fights, and was even the head of a gang. I just played football, I wanted to be a professional player.</p>
<p>I only started to get serious after finishing high school in New Zealand with NCEA level 3. I couldn't apply to a university in Thailand because my grades weren't good enough. I began to regret and berate myself for not studying well.</p>
<p>Then I started to change, to become a better person. I first studied hard when I was in my 1st year of university. I felt I had been reborn. I sacrificed everything to ensure nothing haunted me as I grew older. I wanted that time to be memorable, so I could look back with pride.</p>
<p>I studied for 10-12 hours a day. I didn't party or date anyone. That was a huge sacrifice for me at the time. I was aiming for a greater goal.</p>
<p>I had a module in Economics called Evolution of Monetary Policy. It tells us the history of money. Later, I realised that money changes every 50 years.</p>
<p>That, coupled with a period of work in Shanghai, was how I was introduced to Bitcoin before anyone else. The price shot up from 11 to 1,150 dollars. That's 10,000% in a short span of time. I became interested and read up on it.</p>
<p>It was a random blog by Marc Andreessen. I didn't know who the guy was. The title of the blog was "Why Bitcoin Matters". That shed light on another angle of Bitcoin. I saw how it would change the financial sector. A smartphone with internet access can become a bank for the whole world. This was another experience that made me become confident in Bitcoin.</p>
<p>I then left to work in San Francisco for a bit. With help from a friend, I met Dan Schatt, an executive of PayPal. The first question I asked him was, "Dan, what do you think about Bitcoin?". He said that Bitcoin would change the world. The original vision of PayPal was not to become a payment gateway. It was to create a digital dollar.</p>
<p>That was one of many encounters that contributed to my trust in Bitcoin, ahead of others.</p>
<p>CI Talks.</p>

Read the Creating a Fintech Unicorn at Topp Speed script on CI Talks. Find out how Topp Jirayut got into cryptocurrency & why he started with bitcoin.

Script - Creating a Fintech Unicorn at Topp Speed | CI Talks

Creating a Fintech Unicorn at Topp Speed Script

Watch Topp Jirayut on GameFi Crypto and find out how gamers can play to earn via blockchain and the non fungible token (NFT). Learn about the transformational shift happening because it is going to present many opportunities for digital economy success and in the real world too.

<p>In Topp Jirayut on GameFi Crypto, part of the CI Talks Cryptocurrency Revolution web series, the founder and CEO of Bitkub gives us an overview of what GameFi is and how it has the potential to cause a transformational shift not just in the video game industry but way beyond.</p>
<h2>What is GameFi?</h2>
<p>GameFi is literally what happens when online video gaming meets decentralized finance (DeFi) on blockchain technology. It is a fusion of the words &ldquo;Game&rdquo; and &ldquo;Finance&rdquo;.</p>
<p>This fusion makes it possible for players to be the sole and verified owners of the virtual elements of the game, a sword for example, or a reward for their knowledge or time invested.</p>
<h2>Online Gaming</h2>
<p>According to <a href="https://www.accenture.com/us-en/insights/software-platforms/gaming-the-next-super-platform">Accenture</a> the global gaming market in Q1, 2021 was valued at USD 300 billion. The gaming industry has evolved with the &ldquo;pay-to-win&rdquo; model; players have been required to spend money or pay for privileges (less waiting time, buying virtual objects, etc).</p>
<p>By fusing Blockchain with gaming, GameFi introduces &ldquo;Play-to-Earn&rdquo; which turns &ldquo;pay-to-win&rdquo; on its head by giving players the opportunity to earn. Participants can be rewarded with financial incentives to play and advance through a game. Some gamers are already reaping the benefits and earning a full time income through GameFi.</p>
<h2>Next Generation Gaming</h2>
<p>By definition, GameFi is based on blockchain technology and a combination of both cryptocurrency and NFTs (Non Fungible Tokens).</p>
<p>This means that these games are operating on a distributed ledger which, in turn, means that objects obtained by players become their full property and that the owner can then trade any item, or token, that they explicitly own (much like cryptocurrency itself).</p>
<p>With GameFi, players can both earn and be asked to invest. In both cases, the ability to earn or invest could be with fungible or non fungible tokens (NFTs).</p>
<h2>Real and Digital Economy Interaction</h2>
<p>The really exciting thing about GameFi is the model&rsquo;s potential to drive interaction between real and digital economies. As per Topp&rsquo;s GameFi example, for a player to advance to the next level of a game, they could be asked to spend &ldquo;x&rdquo; amount at a store, restaurant or hotel before they can advance to the next level.</p>
<p>The upshot of this is huge and will transform industries well beyond gaming. The entertainment, music, fitness and even education sectors are all on the radar. Cryptocurrency, blockchain and NFTs, the same core ingredients used in GameFi, are beginning to cause a transformational shift globally, says the Founder and CEO of Bitkub.</p>
<p>Blockchain technology is a catalyst for change but is bringing with it many new opportunities for the informed among us to fast track their way up the ladder of success.</p>

Watch Topp Jirayut on GameFi crypto on CI Talks & get ready for new opportunities. Find out how gamers can play to earn from the Founder & CEO of Bitkub.

Topp Jirayut on GameFi Crypto - Blockchain | CI Talks

Topp Jirayut on GameFi Crypto

Watch Topp Jirayut on Cryptocurrency and NFT in the CI Talks Cryptocurrency Revolution web series. To explain how NFT works, Topp uses Michael Jackson's microphone as a non fungible token example. Like digital art or paintings, it could be digitalized and traded on blockchain.

<p>What is NFT?<br />It stands for Non Fungible Token.<br />What is a Non Fungible Token?</p>
<p>The world of fintech, blockchain and cryptocurrency is full of jargon which can be a barrier for some people who are baffled by the techie terms used. In &ldquo;Topp Jirayut on Cryptocurrency and NFT&rdquo;, the Founder and CEO of Bitkub delves into fungible and non fungible to give us an understanding of what they are and how it all works.</p>
<h2>Non Fungible Token Meaning</h2>
<p>Topp defines fungibility as being simply a property of money. Now let's take a look at the difference between fungible and non fungible tokens (tokens have actually been used since Roman times).</p>
<h3>Fungible Tokens</h3>
<p>Anything that is &ldquo;Fungible'' is divisible and standardized, as it is the same as the next token and is not unique.</p>
<p>The obvious example is any flat currency (i.e. the dollar or Thai baht). A 100 Baht note in Bangkok has exactly the same value as a 100 Baht note in Chiang Mai.</p>
<h3>Non Fungible Tokens</h3>
<p>Non Fungible Tokens, on the other hand, are not divisible and are completely unique. Examples could include a car, a boat or house; physical assets that are one-of-a-kind. A flight ticket is also non fungible as it is for a specific person, on a specific airline, at a specific time, on a specific date. Non fungible tokens are unique, they cannot be replicated.</p>
<h2>Non Fungible Token Example</h2>
<p>The Non Fungible Token example that Topp Jirayut uses is a microphone used by Michael Jackson before he died. The microphone itself might have been industry standard, something like a Shure SM 58 for example. What makes this particular microphone &ldquo;Super Non Fungible&rdquo;, regardless of make and model, is because it was used by Michael Jackson.</p>
<p>But how can we digitize &ldquo;Michael Jackson&rsquo;s Microphone&rdquo; and upload it online?</p>
<p>If we simply took a photo and uploaded the photo, the image could be copied infinitum. Using blockchain technology, owners have the ability to represent an item of digital property or unique physical asset as a Non Fungible Token (NFT) that represents one single, unique unit.</p>
<h2>The Future of Money</h2>
<p>As per the real world, cryptocurrency has two types of digital value; both fungible and non-fungible. But the real power of blockchain is its ability to fuel <a href="https://citalks.com/talk/how-blockchain-works-and-defi/video">Decentralized Finance (DeFi)</a> and it is the combination of Blockchain, Cryptocurrency, DeFi and NFT that is already disrupting the global finance industry and is set to cause a transformational shift in the way we live day-by-day.</p>

Watch Topp Jirayut on Cryptocurrency and NFT on CI Talks. Find out how NFT works with non fungible token examples from the Founder and CEO of Bitkub.

Topp Jirayut on Cryptocurrency and NFT | CI Talks

Topp Jirayut on Cryptocurrency and NFT

We are all aware of the internet of information but watch Topp Jirayut on Bitcoins and Blockchain to know about the internet of value because it is coming your way very soon. This is about cryptocurrency, giving digital files value and the emergence of a digital economy.

<p>As the last century was coming to an end, the internet of information was only just beginning, connecting and giving us access to information in a way that we had never known before. A little over 20 years later and how we interact and transact online is changing. Topp Jirayut saw it coming before it was even here. Welcome to &ldquo;The Internet of Value&rdquo;.</p>
<p>To understand what is happening you must have a basic understanding of cryptocurrency, blockchain and, to some extent, bitcoins although they are now one of many options that you can transact with online via blockchain technology. So what is it all about?</p>
<h2>Is Cryptocurrency The Future?</h2>
<p>In episode 2 of Topp Jirayut&rsquo;s Cryptocurrency Revolution series on CI Talks, Topp, the founder and CEO of BItkub, gives you a simple definition of cryptocurrency, blockchain and bitcoin. Get insights from Topp into how the economic principles of abundance and scarcity are set to transform the world of finance by creating a digital economy in entirety.</p>
<h2>Why Cryptocurrency has Value</h2>
<p>The reason why cryptocurrency has value is because it creates scarcity. Up until now the internet has been a destination of &ldquo;abundance&rdquo; where all digital files are uploaded from a computer (but also can remain on that computer) and once on the internet, can be copied infinitely. This is digital abundance: &ldquo;everyone can have all of everything they need&rdquo; (i.e. information).</p>
<p>Scarcity, on the other hand, occurs when demand for a resource is greater than the supply of that resource, as resources are limited. It can be defined with the following formula:</p>
<p><strong>Scarcity = Wants &gt; Available Resources</strong><br />(Scarcity equals Wants or Demand which is greater than Available Resources)</p>
<p>When digital scarcity is created, we can create digital files that have value. Think assets such as stocks or digital bonds. Now broaden your imagination to include property, for example, that can also be fractionalized to accommodate collective ownership.</p>
<h2>The Business of Blockchain</h2>
<p>With blockchain, files can be unique and, therefore, have value. There is no copy residing on the originator's computer and such files cannot be copied in any way. Blockchain transactions are also void of intermediaries (banks, credit card companies, etc). We no longer have to put our trust in the unknown when exchanging value.</p>
<p>There is every indication that cryptocurrency is the future and that we are on the cusp of massive disruption in the global financial markets as cryptocurrency supersedes traditional banking and ways of transacting to create a global economy that is 100% digital.</p>

Watch Topp Jirayut on Bitcoins and Blockchain on CI Talks. Find inspiration from the Founder & CEO of Bitkub about cryptocurrency & the internet of value.

Topp Jirayut on Bitcoins and Blockchain | CI Talks

Topp Jirayut on Bitcoins and Blockchain

How can a mediocre, rogue schoolboy go onto graduate with a Master of Philosophy in Economics from Oxford University? How did the same young man then decide to carve a career as a cryptocurrency exchange pioneer in Thailand and, in Bitkub, create a Fintech Unicorn in 4 years?

<p>Topp Jirayut Srupsrisopa, the founder and CEO of Bitkub, was not an ambitious child at school. After struggling to get a place at university, he adopted a winning mindset and graduated at the top of his year. He went straight to Oxford University to complete his Master of Philosophy in Economics, but then he had no idea what he wanted to do with his life.</p>
<h2>Investment Banking &amp; Financial Consulting</h2>
<p>He went to Shanghai for a few months working as an investment banker. That didn't inspire but it was where he was first introduced to Bitcoin. He then became a financial consultant in San Francisco. That too did not inspire, but whilst there, he met Dan Schatt who was, at the time, General Manager of Financial Innovations at PayPal. Topp Jirayut asked Dan what he thought of Bitcoin and the reply was that it would change the world.</p>
<h2>Bootstrap a Fintech Company in Thailand</h2>
<p>Topp now knew that cryptocurrency was his calling and he packed his bags and returned to Thailand to bootstrap his own fintech company. The problem was though, cryptocurrency exchanges were all but illegal in Thailand at that time. He was committed now though, and despite being investigated not once but twice and being ordered by his father to shut down his company, in coins.co.th Topp created and sold Thailand&rsquo;s largest Bitcoin wallet company.</p>
<h2>Bitkub: From Startup to Fintech Unicorn in 4 Years</h2>
<p>In April 2017, Japan finally confirmed that Bitcoin was a legal tender and method of payment and towards the end of that year, Topp became aware that digital asset exchange licences would finally be available in Thailand. Topp scrambled to start up a new Fintech company in record breaking time to ensure that he would be first to market. He achieved a record breaking initial seed round and to expedite the process, took over an existing IT company which became Bitkub.</p>
<p>Within 4 years, Topp drove Bitkub from startup to fintech unicorn (Unicorns are late-stage startups that have a valuation of more than US$1bn, and are either private or have gone through an IPO). His group of companies continue to be Thailand&rsquo;s largest blockchain and cryptocurrency exchange today and he has not finished yet! Southeast Asia is very much on Topp Jirayut&rsquo;s cryptocurrency market radar, and beyond.</p>
<p>A change in mindset was the catalyst that transformed Topp from being unambitious to ambitious and goal driven with laser sharp focus.</p>

Watch Creating a Fintech Unicorn at Topp Speed on CI Talks. Be inspired by Topp Jirayut's journey from school to Thai cryptocurrency exchange pioneer.

Talks

Topp Jirayut on GameFi Crypto

Topp Jirayut on GameFi Crypto

Topp Jirayut on Cryptocurrency and NFT

Topp Jirayut on Cryptocurrency and NFT

Topp Jirayut on Bitcoins and Blockchain

Topp Jirayut on Bitcoins and Blockchain

Creating a Fintech Unicorn at Topp Speed

Creating a Fintech Unicorn at Topp Speed

Articles

Topp Jirayut on GameFi Crypto Script

Topp Jirayut on Cryptocurrency and NFT S…

Topp Jirayut on Bitcoins and Blockchain …

Creating a Fintech Unicorn at Topp Speed…

Talks

Topp Jirayut on GameFi Crypto

Topp Jirayut on GameFi Crypto

Topp Jirayut on Cryptocurrency and NFT

Topp Jirayut on Cryptocurrency and NFT

Topp Jirayut on Bitcoins and Blockchain

Topp Jirayut on Bitcoins and Blockchain

Creating a Fintech Unicorn at Topp Speed

Creating a Fintech Unicorn at Topp Speed

Articles

Topp Jirayut on GameFi Crypto Script

Topp Jirayut on Cryptocurrency and NFT S…

Topp Jirayut on Bitcoins and Blockchain …

Creating a Fintech Unicorn at Topp Speed…

Newsletter

Stories that spark change