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An Overview of Crypto Gaming Guilds: Play 2 Earn’s Future
Crypto gaming is a hot topic right now, particularly in a world where blockchain technology is transforming numerous industries. We've seen some fantastic crypto projects and some that have flopped spectacularly. As a result, while some users have benefited from blockchain technology, others have fallen victim to scammers.
'A gaming guild is a group or collection of gamers who come together to play video games and share data.' While the term 'guild' is the most frequently used in the gaming world, such groups may also be referred to as factions, clans, or communities.
For decades, gaming guilds have existed. However, esports (competitive gaming) is the reason gaming guilds have recently grown in popularity. Competitive gaming guilds like FaZe Clan, Cloud9, and Team Liquid exemplify traditional gaming.
Crypto gaming guilds all have their own distinct visions. While some are interested in amassing millions of dollars through P2E gaming, others are interested in developing strong communities that produce the best alpha and ultimately the best projects.
How It Began
The Philippines has been dubbed the originator of today's play-to-earn concept. While Covid-19 was wreaking havoc on the world, gamers in this country were earning money from the Axie Infinity game. #ThankYouAxie was a popular hashtag during this time period, as people cashed in their winnings, photographed their shopping, and captioned their photos with this hashtag.
As interest in this game grew, so did its demand. As a result, demand for Axies, the game's in-game tokens, increased. Dizon, the founder of Yield Guild Games (YGG), recognised an opportunity and began leasing his Axies through what are referred to as 'scholarships.' Scholars would receive 70% of the proceeds, the guild would receive 10%, and community managers would receive 20%. Others quickly adopted the model, resulting in the formation of new guilds.
The Best Cryptocurrency Gaming Guilds
Yield Guild Games
Yield Guild Games is one of the most well-known crypto gaming guilds, with a $420 billion market capitalisation. YGG operates a Decentralised Autonomous Organisation (DAO) that invests in virtual world non-fungible tokens (NFTs). Gabby Dixon, a gaming veteran and Axie player, founded the guild in 2020.
YGG is one of the largest crypto gaming guilds on Discord, with over 74,000 members. It's also worth noting that it's the originator of P2E gaming guilds. YGG has adopted the moniker "Guild of Guilds" in recognition of the fact that it encompasses nearly every other popular guild in the space.
Merit Circle
Merit Circle is governed by a DAO, which serves as the primary holding company for all subDAOs. The most visible collaboration is with Axie Infinity, though plans exist to collaborate with Illuvium, Hash Rush, and Star Atlas.
Both YGG and Merit Circle have subDAOs. That is, Axie Infinity has a subDAO within Merit Circle that is limited to holding only Axie assets. If one of the subDAOs is compromised, the other games are unaffected.
$MC is the guild's native token. This guild offers two staking options. For the MC token, a single stake is required, as is Liquidity Pool in the MC/ETH pair.
UniX Gaming
UniX Gaming runs a DAO with over 1,200 scholars. UniX is compatible with a variety of games, including Axie Infinity, Star Atlas, and Splinterlands. Each of these games has its own subDAO that stores its own assets.
$UNIX is the guild's native. The DAO generates revenue in a variety of ways, including through Axie breeding, launchpads, scholarship revenue, and revenue generated by the NFT marketplace.
Astra Guild Ventures
Astra is governed by a DAO, which receives 20% of all guild revenue. On Axie Infinity, the guild has over 2,000 scholars. Transparency is one of the characteristics that set Astra apart from other guilds. The earnings dashboard is conveniently located on the website, allowing users to see how much the DAO is earning and the total amount of assets held by each subDAO. $AVG is the guild's native token, with a total supply of 2 billion tokens.
Good Games Guild
The Good Games Guild is another well-known organisation, with over 300 scholars enrolled in its programme. The guild boasts exciting features such as its game incubator and investment arm, Good Game Labs. The Good Games Guild has a DAO that receives 20% of all guild revenue.
Titan Hunter, DopeWars, Gamestation, and The Monopolist are just a few of the brands with which GGG has partnered. AU21 Capital, Animoca Brands, Basics Capital, and OKEx Blockdream Ventures are among the notable investors in Good Games Guild. The guild's native token is $GGG, and the total supply is capped at 100 million tokens.
GuildFi
GuildFi is a guild dedicated to establishing an interconnected ecosystem of games, communities, and NFTs that enables metaverse interoperability while also maximising player benefits. The guild is dedicated to resolving access and discovery issues while also maximising players' performance and rewards.
Finally,
GameFi and play-to-earn opportunities are reshaping the gaming landscape, and the guilds mentioned previously have been pioneers in offering these opportunities. This is an ideal strategy for earning money in the virtual world while avoiding some of the drawbacks of the real world. The GameFi space is still in its infancy, and we can only speculate on the future of the entire blockchain space.
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By Crypto PiratesCrypto gaming is a hot topic right now, particularly in a world where blockchain technology is transforming numerous industries. We've seen some fantastic crypto projects and some that have flopped spectacularly. As a result, while some users have benefited from blockchain technology, others have fallen victim to scammers.
'A gaming guild is a group or collection of gamers who come together to play video games and share data.' While the term 'guild' is the most frequently used in the gaming world, such groups may also be referred to as factions, clans, or communities.
For decades, gaming guilds have existed. However, esports (competitive gaming) is the reason gaming guilds have recently grown in popularity. Competitive gaming guilds like FaZe Clan, Cloud9, and Team Liquid exemplify traditional gaming.
Crypto gaming guilds all have their own distinct visions. While some are interested in amassing millions of dollars through P2E gaming, others are interested in developing strong communities that produce the best alpha and ultimately the best projects.
How It Began
The Philippines has been dubbed the originator of today's play-to-earn concept. While Covid-19 was wreaking havoc on the world, gamers in this country were earning money from the Axie Infinity game. #ThankYouAxie was a popular hashtag during this time period, as people cashed in their winnings, photographed their shopping, and captioned their photos with this hashtag.
As interest in this game grew, so did its demand. As a result, demand for Axies, the game's in-game tokens, increased. Dizon, the founder of Yield Guild Games (YGG), recognised an opportunity and began leasing his Axies through what are referred to as 'scholarships.' Scholars would receive 70% of the proceeds, the guild would receive 10%, and community managers would receive 20%. Others quickly adopted the model, resulting in the formation of new guilds.
The Best Cryptocurrency Gaming Guilds
Yield Guild Games
Yield Guild Games is one of the most well-known crypto gaming guilds, with a $420 billion market capitalisation. YGG operates a Decentralised Autonomous Organisation (DAO) that invests in virtual world non-fungible tokens (NFTs). Gabby Dixon, a gaming veteran and Axie player, founded the guild in 2020.
YGG is one of the largest crypto gaming guilds on Discord, with over 74,000 members. It's also worth noting that it's the originator of P2E gaming guilds. YGG has adopted the moniker "Guild of Guilds" in recognition of the fact that it encompasses nearly every other popular guild in the space.
Merit Circle
Merit Circle is governed by a DAO, which serves as the primary holding company for all subDAOs. The most visible collaboration is with Axie Infinity, though plans exist to collaborate with Illuvium, Hash Rush, and Star Atlas.
Both YGG and Merit Circle have subDAOs. That is, Axie Infinity has a subDAO within Merit Circle that is limited to holding only Axie assets. If one of the subDAOs is compromised, the other games are unaffected.
$MC is the guild's native token. This guild offers two staking options. For the MC token, a single stake is required, as is Liquidity Pool in the MC/ETH pair.
UniX Gaming
UniX Gaming runs a DAO with over 1,200 scholars. UniX is compatible with a variety of games, including Axie Infinity, Star Atlas, and Splinterlands. Each of these games has its own subDAO that stores its own assets.
$UNIX is the guild's native. The DAO generates revenue in a variety of ways, including through Axie breeding, launchpads, scholarship revenue, and revenue generated by the NFT marketplace.
Astra Guild Ventures
Astra is governed by a DAO, which receives 20% of all guild revenue. On Axie Infinity, the guild has over 2,000 scholars. Transparency is one of the characteristics that set Astra apart from other guilds. The earnings dashboard is conveniently located on the website, allowing users to see how much the DAO is earning and the total amount of assets held by each subDAO. $AVG is the guild's native token, with a total supply of 2 billion tokens.
Good Games Guild
The Good Games Guild is another well-known organisation, with over 300 scholars enrolled in its programme. The guild boasts exciting features such as its game incubator and investment arm, Good Game Labs. The Good Games Guild has a DAO that receives 20% of all guild revenue.
Titan Hunter, DopeWars, Gamestation, and The Monopolist are just a few of the brands with which GGG has partnered. AU21 Capital, Animoca Brands, Basics Capital, and OKEx Blockdream Ventures are among the notable investors in Good Games Guild. The guild's native token is $GGG, and the total supply is capped at 100 million tokens.
GuildFi
GuildFi is a guild dedicated to establishing an interconnected ecosystem of games, communities, and NFTs that enables metaverse interoperability while also maximising player benefits. The guild is dedicated to resolving access and discovery issues while also maximising players' performance and rewards.
Finally,
GameFi and play-to-earn opportunities are reshaping the gaming landscape, and the guilds mentioned previously have been pioneers in offering these opportunities. This is an ideal strategy for earning money in the virtual world while avoiding some of the drawbacks of the real world. The GameFi space is still in its infancy, and we can only speculate on the future of the entire blockchain space.
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