What are Guild Games? Guild Games is a community of players with similar interests in a certain field of games or a certain game title. Surely we are no longer strangers to the community of famous games such as: League of Legends, Dota2,… on the social networking platform Facebook with hundreds of thousands of members. So what is special about Guild Games and different from the traditional gaming community? Let’s find out with Weakhand in this article.
What Are Guild Games?
Guild Games is a community to exchange, support and share issues surrounding one or more different games. Surely users are no stranger to gaming communities in everyday life such as the League of Legends, Dota2 and CSGO communities where people share their interests, knowledge, gaming experiences or where to find them. teammates to play with.
With more and more quality Blockchain games being released and the GameFi field receiving the attention of more and more players, the need for a Games Guild was born with the purpose of connecting, building and supporting the community. Copper is an absolute necessity.
What is Guild Games?
However, GameFi also has many differences compared to traditional games. Therefore, Guild Game is somewhat different in its operating model and purpose of use compared to traditional gaming communities.
What Problems Do Guild Games Solve?
Many Play To Earn games require users to own NFTs to participate in the game, and as the game becomes popular, the details of purchasing NFTs to participate in the game also increase. This creates a big barrier for players who want to participate in the game.
For example: The popular Play To Earn game Axie Infinity requires users to own at least 3 different Axie NFTs to be able to participate in gameplay. At its peak, players needed to spend up to $3,000 to own 3 Axie NFTs, which caused a huge obstacle for newcomers wanting to participate in the game.
This is the big problem that Guild Games are currently trying to solve. Guild Games brings together investors and players for the benefit of both. Investors own NFTs but don’t have time to play the game, but they still want to make a profit in the game. On the other hand, most potential players cannot afford to buy NFTs and participate in gaming. Guild Games is like an intermediary connecting the two above objects so investors can still make profits from renting NFTs or receiving profit sharing from players. Meanwhile, game players only have to spend a little initial cost to participate and make profits in the game.
How Does Guild Game Work?
Game Guilds are decentralized organizations that bring together players, enthusiasts, and game developers in a single community to play and share resources. Guild Games typically operate under a DAO structure where decisions are made by guild members.
Game Guilds usually operate from members’ contributions and revenue generated from various in-game activities. Through Guild Game, players can also rent or borrow in-game NFT assets such as: Game characters, items or land, etc. from other members.
In addition, the Scholarship program is also a unique feature of Game Guilds. This program is designed to bring new players into the Blockchain gaming ecosystem while expanding the guild’s reach. This concept originates from Axie Infinity where players can breed and battle other players for rewards. At its peak, owning 3 Axie NFTs to participate in the game was very difficult, so Axie Infinity launched a Scholarship program to provide newcomers with NFT loans to be able to participate in the game. However, part of their revenue from gaming will be sent back to the guild.
The Role of Guild Games
Community Connection
This is a prerequisite and a core component of any guild. Furthermore, it is the main role and responsibility of the guild to the community. Furthermore, traditional games or Blockchain have many certain features that users are not familiar with or do not understand. Therefore, the community is a place to chat about how to play as well as features in the game or how to make money,… this greatly contributes to the development of the community over time.
A bridge between gamers and Blockchain and Crypto
In the traditional market, playing games is quite simple, but for Blockchain games there are many barriers that make it difficult for gamers to access. Therefore, Guild Game was born to help gamers approach the market. Such as: How to connect to a cryptocurrency wallet, how to make transactions on NFT Marketplace,… This also accidentally attracts more users to the Crypto market in general and the GameFi market in particular.
Connection between players and GameFi projects
GameFi projects often require players to own at least 1 NFT to participate in gaming. Therefore, the initial investment capital is a big barrier for players who want to participate in the project. Therefore, Guild Games will be a place where players can easily participate in games such as renting NFTs from others or the Scholarship program through sharing revenue from the game with NFT owners. Furthermore, Guild Game is a place where players can eliminate “phony” and poor quality projects from warnings from community members.
Connecting investors to the GameFi market
The growing GameFi market attracts more and more investors who want to participate in making profits in the market. However, there are many investors who own NFTs but do not have time to play games. They can use Guild Game to lend their NFTs to others or receive a revenue share from players.
Some popular Guild Games
Some popular Guild Games
Yield Guild Games (YGG)
Yield Guild Games is a game guild focusing on Play To Earn games on Blockchain. Yield Guild Games is developed by co-founders Gabby Dizon, Beryl Li and Owl. Currently, YGG holds over 26,000 Axies NFTs and over 200 Axie Lands, now YGG has expanded to various partner blockchain titles. Their goal is to build a network of players and investors that help each other get started and grow in the GameFi space.
Merit Circle
Merit Circle is a decentralized organization (DAO) focused on expanding and increasing player access to Play To Earn titles through Scholarships programs or borrowing in-game assets. In addition, Merit Circle also grows its treasury by holding many in-game NFT assets or participating in investing in Play To Earn games at an early stage.
MetaGaming Guild
MetaGaming Guild is a community-run organization promoting the use of NFTs to bring maximum profits to its community members. MetaGaming Guild is one of the fastest growing GameFi associations with a mission to make GameFi fairer for everyone.
summary
The GameFi market today is growing extremely strongly not only in terms of the quality of games available on the market but also in the number of players growing every day. However, Guild Game is still a relatively new segment and has not received much attention from users. As the GameFi market continues to grow, the need for Guild Games is inevitable, so this is an area with a lot of potential for future development.
