What is a Gaming Guild? Top 5 Strongest Guilds in the Market
In the realm of blockchain gaming, a new player has emerged on the entertainment stage: the crypto gaming guild. This innovative concept embodies a community-oriented model, uniting players, enthusiasts, and game developers under a decentralized autonomous organization (DAO) structure.
Between 2021 and 2022 alone, over $10 billion was invested in the GameFi market to create a new breakthrough in the promising gaming industry, subsequently giving rise to various Gaming Guilds. These guilds provide opportunities for everyone to quickly access NFT games.
Typically, players interested in NFT games would need to own NFTs. With support from gaming guilds, players are provided NFTs without the need to invest upfront capital. Additionally, gaming guilds play a role in community building, guidance, encouragement, and player protection.
This article aims to provide comprehensive insights into Gaming Guilds for you.
What is a Gaming Guild?
A Gaming Guild acts as a nexus between players and game production companies within the GameFi industry.
These guilds possess significant capital to provide digital assets and employment opportunities through scholarships, encouraging participation and contribution to the in-game economy.
Roles of Gaming Guilds
In general, Gaming Guild projects aim to leverage and profit from GameFi projects. The development of Gaming Guilds hinges entirely on successful GameFi projects in the market. However, from a broader perspective, Gaming Guilds are crucial for the success of the entire gaming industry.
They not only operate for profit but also contribute significant value:
- Removing barriers for new users in GameFi:
Gaming Guilds meticulously support complex procedures like setting up Metamask, acquiring necessary NFTs to start gaming, and purchasing tokens on foreign exchanges, making it easier for newcomers to join games. - Building a healthy GameFi community:
In the blockchain industry and particularly in GameFi, many challenges remain, including sophisticated attacks that damage assets of poorly managed players. Gaming Guilds play a major role in collaborating to guide gamers toward reputable games and safeguard their earned assets. - Assisting users in choosing reputable games:
The GameFi industry has seen phases from rapid growth to market contraction due to incorrect economic models and poor asset management by developers. Gaming Guilds provide evaluations based on research to equip players with necessary information before entering the in-game economy for sustainable development. - Connecting gamers to game development companies:
To distribute games to millions of players quickly, game developers partner with communities and particularly with Gaming Guilds. These guilds not only own their communities but also possess technological platforms and significant capital to provide systems tracking players' earnings and scholarships to encourage new players to join the game.
How do Gaming Guilds operate?
Operating like decentralized organizations, cryptocurrency gaming associations unite players, enthusiasts, and game developers under one community. They often have structures similar to decentralized autonomous organizations (DAOs), making collective decisions based on member contributions.
Funding for these guilds comes from member contributions and revenue generated through in-game activities and joint ventures within the gaming ecosystem. Through guilds, new players gain access to NFT assets, such as characters or game items, by renting from other members or borrowing from the guild. This creates favorable conditions for them to participate in the game ecosystem and kickstart their gaming rewards.
Top 5 Largest Gaming Guilds in the GameFi Market
Below is a compilation of the top 5 Gaming Guilds with the most active members in the GameFi market:
- Yield Guild Games
Yield Guild Games is a decentralized autonomous organization (DAO) investing in NFTs used in blockchain games.
- Merit Circle
Merit Circle maximizes accumulated value across various games within the metaverse.
- GuildFi
GuildFi is a web3 infrastructure connecting games, NFTs, guilds, and communities.
- Avocado DAO
Avocado DAO contributes to blockchain technology and the metaverse.
- UniX Gaming
UniX Gaming is a Play-to-Earn platform bridging gaming and the Metaverse.
Conclusion
In summary, Gamefinity has introduced what Gaming Guilds are and summarized the top 5 high-quality Gaming Guilds for reference. In my personal opinion, communities like these are essential for the blockchain gaming community, offering opportunities to learn, connect with friends, and importantly, discover good gaming projects for investment. Blockchain games are not as common as traditional ones, but with the current development of the gaming market, they present a promising investment channel for the future.
