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Gaming guilds can be viewed as gaming communities, particularly groups that share and support each other while also trading gaming assets across different platforms. These groups are made up of passionate and dedicated players who devote themselves to the game they are playing.
Traditional gaming communities are mainly formed around online competitive games. Counter-Strike clans, World of Warcraft guilds, and StarCraft teams are some of the groups that the majority of online gamers have already participated in over the years. Players help each other in order to complete missions, compete against others, and create a friendly environment.
Gaming guilds work extremely similar to traditional games in the GameFi world. As the industry grows and develops, the number of blockchain game projects increases and the need for gaming guilds to form to connect, grow, and support the gaming community becomes crucial.
A crypto gaming guild is a group that offers gamers guides, tools, NFTs, and finances to those in need. These platforms basically aim to help new players adapt and become a part of the blockchain community.
The essential component of any gaming guild is community connection. This is mainly done through shared knowledge amongst players since newcomers will want to learn as much as possible in order to be efficient in their games. Thus, guilds are where people gather to discuss and ask relevant questions, which considerably adds to the gaming project's longevity over time.
In the public market, playing games is relatively straightforward, but there are many distinct hurdles associated with blockchain and crypto. Therefore, gaming guilds play a direct role in assisting blockchain gamers in getting access to the market, getting help with their wallets, how to make transactions, getting fundamental information about the project, and how to play the game. The more individuals who are aware of the crypto market, the more financing will come in, adding to the market's profitability and long-term growth.
Generally, most GameFi projects will need players to possess in-game characters in the form of NFTs before they can begin playing; as a result, the initial investment is very large in many games, such as Axie Infinity. This is seen as a significant hurdle for a large number of users who want to play the game without making any initial payment. Subsequently, gaming guilds will grant scholarships in the form of gaming accounts to players, allowing them to play the game for free and earn money depending on their achievements.
Furthermore, countless GameFi initiatives are coming up left and right. This poses significant risks to players since there are many low-quality or fraudulent projects. Gaming guilds help avoid this by meticulously researching, analyzing, evaluating, and selecting the highest quality games before recommending them to players.
Because the GameFi industry is expanding heavily nowadays, it attracts many investors who want to invest in games but do not have time to play them. In particular, gaming guilds enable investors to directly invest in games via guilds without having to worry about how to maintain accounts or successfully administer the game.
Crypto gaming guilds are now one of the biggest and fastest-growing markets as such business models can solve some of the major problems. They began as a solution to solve the barrier to entry issue with the play-to-earn games. The increasing popularity of Axie Infinity, a game that requires NFT characters called Axies to start playing, paved the way for the creation of Yield Guild Games. To start playing, you need to have three Axies, which can cost a few thousand dollars. A good Axie team with high chances of winning may cost more than ten thousand dollars to start. As the demand for Axies rose, Gabby Dizon, the founder of Yield Guild Games, started lending his Axies to players in need. Renting out of Axies is now known as “Axie scholarships.” He formed the guild to allow players to share their earnings and yields. Others soon embraced the model, and more and more crypto gaming guilds were then created.
Traditional gaming guilds have been with us for decades. The rise of esports and competitive gaming is the reason why gaming guilds have increased in popularity recently. Players are already adapted to creating online communities, helping each other, and thriving as a group.
However, there is a big difference between these traditional gaming guilds and crypto gaming guilds. While traditional gaming guilds are organized groups of gamers who play on a regular basis together, limited to the game, the guilds could then rise or fall with the game’s popularity and player base. On the other hand, crypto gaming guilds are organizations composed of investors, gamers, and managers that act as middlemen by purchasing in-game items like land and in-game assets in the form of NFTs and lending them out for players to play, and earning yields by using those gaming assets in the respective projects. Therefore, crypto gaming guilds act as platforms to welcome and support new gamers by providing the assets they need to start playing the games. They can serve multiple games and branch out.
This means that even if a game loses its popularity, which is extremely common in the gaming space, members of a crypto gaming guild can then move to some other popular games that can bring more profit to the organization.
Yield Guild Games is operating as a Decentralized Autonomous Organization (DAO). As the pioneer of crypto gaming guilds, YGG has adopted the name “Guild of Guilds” as it comprises almost all of the other popular gaming guilds in the space. The guild began in the Philippines back in 2018 when co-founder Gabby Dizon began to lend his Axies to other Axie Infinity players who couldn’t afford to buy their own. YGG includes blockchain games like Axie Infinity, Splinterlands, Zed Run, Guild of Guardians, The Sandbox, Illuvium, and Star Atlas.
Merit Circle is governed by a DAO. The guild has four live games alongside many upcoming ones; Axie Infinity, Elfin Kingdom, Sidus Heroes, and Vulcan Verse. The project launched in November 2021, but it has been in development since July 2021. It already has a massive community despite its young age, with a major following on Twitter. Its scholarship program is managed via its Discord channel.
UniX Gaming is an ecosystem and platform to onboard new GameFi projects into their own metaverse. It has a large number of members on its community channel on Discord. UniX supports games such as Axie Infinity, Star Atlas, Sipher, Splinterlands, The Sandbox, Decentraland, and many more. The guild offers income streams through scholarships and gameplay-related blogs.
Good Games Guild is a reasonably new crypto gaming guild that acts as a gaming hub where the players can gather. It has a DAO for management and governance. Good Games Labs, a product of Good Games Guild, acts as a game library and an investment platform. It focuses mainly on the NFT assets of Axie Infinity, Titan Hunters, and Wasted Lands.
Just like other crypto gaming guilds, GuildFi aims to drive as many users as possible toward blockchain and play-to-earn gaming. It was launched back in Q3 of 2021 and has been building rapidly ever since. Animoca Brands, Dapper Labs, and Coinbase Ventures are among its financial supporters. The guild has Axie Infinity, Crypto Raiders, Pegaxy, Thetan Arena, and many others on its game list.