What is a crypto gaming guild?

• A crypto gaming guild is a decentralized community that unites players, enthusiasts, and game developers to play and share resources.

• Crypto gaming guilds help new players overcome the high entry barrier in blockchain-powered games by providing a mutually beneficial dynamic.

• Crypto gaming guilds operate under a decentralized autonomous organization (DAO) structure, and their funding comes from member contributions and revenue from in-game activities.

A crypto gaming guild is a decentralized organization that brings together players, enthusiasts, and game developers within a single community. This community bands together to play and share resources. With the rise of high-quality blockchain-powered games, crypto gaming guilds have become a new approach to integrate gameplay mechanics with transactional mechanisms.

The play-to-earn gaming model, while successful, often presents a challenge—a high entry barrier for newcomers who must acquire in-game assets to start playing and competing.

Crypto gaming guilds were created to help new players overcome these significant entry barriers by creating a mutually beneficial dynamic where both new players can join the game’s ecosystem and the guild can grow its influence across GameFi.

Crypto gaming guilds operate under a decentralized autonomous organization (DAO) structure, meaning decisions are made collectively by the guild’s members. Funding for guilds typically comes from a combination of member contributions and revenue generated from various in-game activities and gaming ecosystem ventures.

Through the guild, new players can rent or borrow non-fungible token (NFT) assets—such as in-game characters, items, or land—from other members or the guild itself to bootstrap their participation in the game’s ecosystem and start receiving in-game rewards.

This sense of collective ownership is a key difference between crypto gaming guilds and traditional gaming guilds.

Scholarship programs are designed to help onboard new players into the blockchain gaming ecosystem while expanding the guild’s reach.

Under a scholarship program, the guild provides NFT assets to new players who then share a portion of their rewards with the guild according to a predetermined split.

This arrangement empowers new players to enter the game without significant entry barriers while also supporting the growth of the guild’s influence across GameFi.

Crypto gaming guilds aim to provide a range of additional benefits to members, most notably helping to organize and strengthen gaming communities. By providing a venue where players and enthusiasts can collaborate, share strategies, and play together, guilds create more tight-knit communities within Web3 gaming and support the economic sustainability of blockchain games.

Guilds can also help protect members from fraudulent projects. By conducting due diligence and promoting only legitimate games and play-to-earn opportunities, guilds act as a quality control funnel for GameFi projects. They also serve as a venue for educating players who are new to the world of Web3 gaming.

Typically, gaming guilds implement a revenue-sharing system to encourage member participation based on the revenue generated from in-game activities and other ventures.

One common model involves distributing earnings proportionally among members based on individual contributions, such as purchased tokens, NFT assets, time spent playing games, or specific in-game achievements. Some guilds use a tiered system, rewarding more active or higher-contributing members.

In this sense, participation in a crypto gaming guild can be likened to involvement in an early-stage product or startup.