What are P2E Guilds and How Do They Work?

What are P2E Guilds and How Do They Work?

If you happen to be wondering what P2E Guilds are, and how they contribute to play to earn gaming environment, in this post, you are set out to discover more about them.

With the blockchain-based Play-to-earn games (P2E), Gamers in countries such as the Philippines are just proof that it is possible to make a living from playing these P2E games

Guilds will let new players participate in these games without spending advance cash or in-game assets through rental and scholarship programs.

Crypto gaming guilds is now one of the biggest and fastest-growing markets, with the business model solving the problem of access, and democratizing the entire P2E eco-system.

What Does Guild Mean?

A gaming guild is simply a community of gamers committed to playing games together. The gamers will share the profits and in-game assets they earn from completing a quest equally.

Guilds have always been a feature of traditional gaming, though usually centred on a single game.

In the era of blockchain gaming, guilds issue out to its members, earned native tokens which makes buying assets in the game possible. It also allows NFT investments, reward schedules and other matters of governance.

What is a P2E Guild?

P2E guilds are organizations that try to tap the earnings potential of games and NFT airdrops.

Play to earn guilds can pick a portfolio of games, items, tokens, metaverse land plots or other valuables and benefit from the value generated in a digital environment.

They use collective resource mobilization to maximize on the profits.

Advantage of a P2E Guild

P2E guild games have risen to another dimension over the years. They have both benefits and their downfalls, but their primary aim is to ensure that as much profit is gotten from a particular game.

It’s key advantage is that the barrier to entry for participating in a given game is brought down. Without a guild, a user will have to spend hundreds or in some cases thousands of dollars to play a game.

A guild offers a cheaper way, through renting of in-game assets. This is especially important for players in low-income countries.

Another advantage is the passive income stream it provides for those who spent the big bucks buying the assets and renting them out.

Disadvantages of a P2E Guild

One disadvantage is that game guilds may be tempted to exploit games, as in the case of sharing overpowered Axie Infinity characters.

Otherwise, guilds may try to outplay the system by sharing overpowered characters or squelching competition.

Examples of P2E Guilds

1. Yield Guild Games

Yield Guild Games is the largest Guild at the time of writing. The Yield Guild currently has more than 27,000 scholars who either rent or do a profit-sharing arrangement to use the Guild’s assets.

Axie Infinity is the biggest game in the guild, with over 20,000 scholars by March 2022.

Scholars can play a game they might not be able to afford and contribute to the Guild’s growth. Rent is paid by 10% to the DAO.

$YGG is the native token of the crypto game, which is an ERC-20 token that they use for governance. Even though Guild assets back the token, you do not participate in the Guild’s cash flow.

2. Merit Circle

Merit Circle guild is governed by a DAO, which provides governance and is the more prominent holding company of all the subDAOs.

$MC is the native token of this Guild. There are two staking options in this Guild. Single stake for the MC token and Liquidity Pool as an MC/ETH pair.

Currently, the platform works with only Axie Infinity.

Star Atlas, Illuvium, and Hash Rush will be added soon.

3. Good Games Guild

Good Games Guild is a Gaming Hub that aims to sponsor hundreds of thousands of gamers by monetising their gaming content material and setting up equipment to increase potential game growth.

The Platform’s native token, $GGG, has a maximum supply of 100 million tokens. Players use $GGG as a native currency in GGG Ecosystem. On top of that, it’s also tradable and has a burnt feature.

$GGG also has some other functionality such as Activities reward, Payment on the Platform and Governance

4. Guild Fi

Guild Fi is the interconnected ecosystem of games, communities, and NFT assets.

The platform has built a community of players and investors who make money by investing in NFTs used in virtual worlds and blockchain-based games in decentralised games.

YGG built a subDAO to host a specific game’s assets and activities. Holdings in the subDAO are bought, owned and controlled by the YGG treasury through a multi-signature hardware wallet to ensure maximum security.

You can purchase $GF tokens in  Binance, OKX, Hotcoin Global, Mandala Exchange, and Bitget

5. Astra Guild Ventures

Astra Guild Ventures (AGV) is a Decentralized Autonomous Organization (DAO) that invests in NFTs, P2E games, and other blockchain projects.

AGV will also be launching its DAO Governance Board, where AGV holders can propose and vote changes on the DAO’s rules and decisions

You can purchase the native token, $AGV on MEXC, BitMart, PancakeSwap (V2), and Bittrex.

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