Traditional gaming guilds of the past served merely as a community for gamers. Today’s GameFi guilds, on the other hand, connect in-game asset owners with play-to-earn (P2E) gamers. Organized groups of gamers, often working together in-game, compete to complete missions and earn rewards. Revenue is shared between members, and players usually take most of the profits.
The guilds will play crypto games, some of which take place in the metaverse. They help other members within the group with game strategies and also invest in emerging projects with high potential.
Listed below are some of the largest gaming guilds around at the time of writing, with a description of their guild model and statistical data.
Yield Guild Games
Yield Guild Games (YGG) certainly has to take the title of the largest gaming guild. Launched in 2020 by Gabby Dixon, a veteran gamer and Axie Infinity player, it is the highest-ranked gaming guild by value. They pioneer the metaverse and NFT-based guilds, investing significant funds in the top gaming worlds and the best games.
YGG uses a Decentralized Autonomous Organization (DAO) model. They adopted the name “Guild of Guilds” because it comprises most of the other big gaming guilds.
The guild receives a good amount of funding. Big-name investors such as BlockTower Capital and Animoca Brands are among the companies involved. The native token of Yield Guild Games, an ERC-20 token used for governance, $YGG, is backed by its assets.
Yield Guild Games’ goal is to help members earn more rewards, playing games like Axie Infinity and The Sandbox, making good of its unique strategies available only to members.
To become a member, you must first mint a badge. It is free, but users pay the Ethereum transaction fees required for minting, which costs around $17.
Some games that Yield Guild Games are invested in include: Axie Infinity (AXS), The Sandbox (SAND), Splinterlands (SPS), Star Atlas (ATLAS, POLIS), Illuvium (ILV), and much more. Also of note, Yield Guild Games recently invested in Star Atlas NFT gaming assets to the sum of $1 million.
Merit Circle has partnered with Axie Infinity and plans to work with Illuvium, Star Atlas, and Hash Rush. Launched in November 2021, it already has a sizable community with around 100k followers on Twitter.
A DAO governs Merit Circle. They currently have 2,700 scholars who keep 30% of the profit from the gamers’ earnings, leveraged by the in-game assets they lend. The gamers receive the other 70%.
Merit Circle also receives investment from big names, including DeFiance Capital, Spartan Group, and Mechanism Capital. They use $MC as their native token, which has a total supply of 1 billion tokens.
Unix began small as a simple gaming guild but is becoming one of the biggest names in P2E. The guild focuses on identifying promising players and equipping them with the tools needed to succeed in NFT gaming. It provides training, educational content, and full scholarships for the best players. In turn, players can borrow the NFTs required to access the top games and win rewards that will get shared amongst the guild.
UniX expanded immensely recently. It has released an official Launchpad, made for game developers to secure funding and achieved by incentivizing early access for its members. Furthermore, they have bought up a substantial amount of virtual real estate in one of the world’s leading metaverse platforms, The Sandbox, that they intend to develop.
The newly launched UniX Gaming Studios is currently working towards completing the development of the guild’s first-ever play-to-earn game. $UNIX acts as the governance token for the DAO and enables holders to have a say in the organization’s future. Their token ecosystem allows players to collect in-game rewards for their skills and activity online.
Liberty Gaming Guild
Liberty Gaming Guild (LGG) launched in November 2021. The guild has an ambitious next-generation project, investing in the best P2E games and thereby increasing its crypto and NFT portfolios.
The LIBERTY project acts as a gateway for gamers to access previously inaccessible, expensive NFTs on blockchain gaming platforms. It also provides an ecosystem for players to learn and thrive within the space. They offer education and training courses in a range of areas, such as blockchain, crypto, DeFi, and CeFi, money management, investing guidance, and much more.
In February 2022, LGG formed a partnership with Persib Bandung, an Indonesian football club with over five million fans. They will market the organization’s success in the metaverse.
Good Game Guild
This new gaming guild has amassed over 300 scholars and more than 170k followers on Twitter. Good Games Labs acts as their investment arm and game incubator.
The guild uses a DAO for the purpose of management and governance. The DAO earns 20% of revenue generated by the guild. It raised $1.7 million from notable investors by the time its Seed fundraising round closed in Oct 2021, including Illuvium, Animoca Brands, OKEx Blockdream Ventures, to name but a few.
They have $GGG as their native token, with a maximum of 100 million tokens, but an unknown circulating supply and market value. The market cap of $GGG currently sits at around $2M.
vEmpire also uses a DAO as its governing model. It describes itself as “the gateway to the metaverse”. The organization is currently the world’s biggest decentralized metaverse investment organization, investing in undervalued crypto coins and underrated projects. For instance, the likes of Sandbox (SAND), Starlink (STARL), Decentraland (MANA), and Axie Infinity (AXS) have all grabbed the guild’s attention in the past and have all been invested in by the guild. Users have the option of staking these tokens on vEmpire’s platform.
vEmpire also has a play-to-earn trading card game; “vEmpire: The Beginning”. Before playing, users need to purchase an NFT from the vEmpire DDAO collection on OpenSea.
VEMP, the primary utility token on the platform, features in ERC-20 and BEP-20 versions and acts as a governance token.
GameFi is another top metaverse gaming guild. It features a finance dashboard built for traders, investors, and gamers interested in getting into NFT-based and metaverse crypto games.
The guild aims to help developers and gaming teams raise funds for their games with IGOs (Initial Game Offerings). It integrates with BNB, Ethereum, and Polygon chains, meaning users can interact with its dapp through browser-compatible wallets such as MetaMask.
Games available on the platform include ERTHA, Space Crypto, CryptoGuards, and MetaGods. The finance dashboard enables users to earn tokens by staking GAFI, which is the platform’s primary utility asset. The utility’s function is to allow users to start IGOs and stake them for rewards. Its other main use is unlocking the ability to interact with various aspects of the Launchpad and platform.
Written by: Tyler Monette
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