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While traditional gaming guilds provide players with a support system and a competitive edge in battle, Play2Earn games guilds take the concept one step further by directly impacting players' bottom-line earnings.
Just like their traditional counterparts, GameFi guilds are organized groups of players who often work together to complete tasks and share resources. However, while traditional guilds are purely a community of players helping each other through various missions, GameFi guilds add monetary value to the player's gaming experience.
Crypto gaming quilts generate revenue from:
The earnings of a gaming guild are distributed among members based on their level of involvement and contributions.
Essentially, the major part of cryptocurrency gaming guild operates under a DAO model, which means that all the decisions regarding when and where to invest are made collectively. A guild’s funding typically comes from players’ own contributions and revenue generated from investments and game activities.
Guilds play a crucial role in the Web3 gaming ecosystem, serving as a hub where players and enthusiasts come together to foster collaboration, share gaming strategies, and enjoy collective gameplay experiences.
Blockchain gaming guilds emerged in 2017 with the launch of games like CryptoKitties and Spells of Genesis. These guilds became more decentralized and autonomous thanks to the blockchain technology that has built greater trust and transparency among members. Players formed communities around these games that, in the course of time, evolved into full-fledged guilds with their own governance structures, decision-making processes and even governance token. Today, blockchain gaming guilds exist across a wide range of games and platforms, providing a way for players to collaborate and compete in a decentralized and community-driven blockchain environment.
NFT gaming guilds bring a lot of benefits to their members and blockchain community as a whole:
Blockchain game guilds can make money in several ways:
Strictly speaking, you can’t invest in blockchain gaming guilds since those organizations don’t have equity shares. However, there is a way you can profit from a blockchain guild - you have to become a part of it. Only the members of crypto guilds are allowed to vote, play, invest and distribute generated profits. Each guild has its own earning opportunities you can take advantage of only after you’ve become its approved member.