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Gaming Guilds & Crypto Games, A Simple Guide

Gaming Guilds & Crypto Games, A Simple Guide

Game Review 

Gaming Guilds and Crypto Games, what does it mean?

Kids of the 90s are well aware of the term gaming guilds where regular players are organized together to play the game on regular basis. However, the meaning behind the term has now changed since crypto games have taken the center stage.

So what exactly are gaming guilds and why are they becoming so popular?

Gaming Guilds & Crypto Games
Gaming Guilds & Crypto Games

Gaming Guilds & Crypto Games

Gaming guild has now become a platform that aims to support talented gamers with their funds and tools, especially in Play to Earn games. The catch here is that gaming guilds take a commission or their share from a player’s earnings. This practice is fairly common in P2E games like Axie Infinity because buying an Axie to get started with the game requires a lot of money.

This is where gaming guilds come in and support players.

This has also caught the attention of investors as the potential for growth in P2E games is massive. There are hundreds of new blockchain-based games that are coming into the market.

This will require the services of GG where the platforms will support new gamers with an initial investment.

An investment analyst at DeFinance Capital shared his thoughts on Twitter, “If games are the homerun high risk/high reward punts, guilds would be the blue-chip industry juggernauts standing the test of time. “High-quality guilds will effectively become a top metaverse index for the best games available to players.”

The guilds are designed to purchase crypto game NFTs and tokens and lend them to players to play games and make money. The guilds will also help new P2E games to target new gamers and bring in concurrent players.

A prime example of a gaming guild is GuildFi which leased assets to players to play crypto games during the global lockdown. GuildFi has expanded its services and also provides gaming gadgets to players, this means that Axie Infinity players can keep a record of their SLP token rewards on GuildFi.

Gaming Guilds & Crypto Games
Gaming Guilds & Crypto Games

Gaming guilds like YGG, Merit Circle and GuildFi have launched their respective tokens.

YGG’s market capitalization stands at $461 million, quite less when compared to gaming giants AXS, and MANA. Despite low capitalization, tokens are important to solve the over-centralization problem which surfaced in traditional gaming guilds.

However, it all comes down to a simple rule for gaming-guilds, the crypto gaming sector’s success is imperative for gaming guilds’ success.

If the crypto gaming sector fails then a failure for the guilds sector is inevitable!

But that is my opinion? What do you think?

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Gaming Guilds & Crypto Games, A Simple Guide

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Gaming Guilds & Crypto Games, A Simple Guide

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.