Find out more about crypto gaming guilds in play to earn games.
Crypto gaming guilds gained popularity as NFT investors and aspiring play-to-earn gamers saw the opportunity for both parties to benefit. A play-to-earn gaming guild is a group of players and investors, also referred to as scholars and managers, working together to share profits earned in a game.
Our guide will help you decide if a gaming guild is right for you. We also have a list of the most popular crypto gaming guilds, along with the games that they offer crypto scholarships for.
Top crypto gaming guilds 2022
Gaming Guild 101
What is a crypto gaming guild?
In a general sense, a gaming guild is a group of game players who support each other in the game and out of the game as a community. They are an alliance in the game space and are also referred to as “clans.” A crypto gaming guild is an organization that provides training, tools, NFTs, and funds to players who may not be able to afford them otherwise. When the player earns money, that income is shared with the guild.
Why use a play-to-earn gaming guild?
The traditional concept of gaming guilds has recently extended to play-to-earn games. Among other benefits, crypto gaming guilds provide opportunities for those who want to try play-to-earn games but find the cost of entry too high.
Here’s a typical and simplified gaming guild scenario. A guild offers “scholarship” slots to aspiring gamers. Existing guild members may then lend or “rent out” their NFTs to the so-called scholars. Scholars then enter the guild and play a specific crypto game corresponding to the rented NFT.
When the scholar player wins and earns, guild members share the profits. Typically, 10% to the guild, 20% to the managers, and 70% to the game scholars. The distribution varies per gaming guild.
How and why did blockchain gaming guilds start?
Crypto gaming guilds began as a solution to solving the barrier to entry issue with the play-to-earn game Axie Infinity. 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 $10,000 to start.
For many aspiring players, that’s a tremendous amount of capital. So, Gabby Dizon, the visionary who later co-founded the now-established Yield Guild Games, stepped in to offer a solution.
Dizon saw the gaining popularity of Axie Infinity in the Philippines as well as the high cost of entering the game. He soon decided to lend out his Axies. Renting out of Axies is now known as “Axie scholarships.” The “rental” income would then be shared between scholars, community managers, and the guild.
Soon, others embraced the model and created their own crypto gaming guilds.
Top 5 NFT and play-to-earn gaming guilds
Yield Guild Games
The top NFT gaming guilds are currently led by Yield Guild Games (YGG), the guild co-founded by Gabby Dizon. YGG includes Axie Infinity, Guild of Guardians, The Sandbox, and Star Atlas.
Another interesting crypto gaming guild is Merit Circle. At the time of writing, MC already has 3,750 gamers. It also offers a total of 30 games to play. Merit Circle members also play Axie Infinity, along with Sidus Heroes and Vulcan Verse.
The guild members of Avocado DAO refer to themselves as Avocadians. It is one of the largest play-to-earn guilds out there, with more than 10,000 active scholars. This guild has partnered with TPG Telecom, a major telecom brand, to try to bridge the gap between the AVG token and real-world use. Guild members will be able to exchange their tokens for internet access.
UniX has 5,000+ guild members playing Axie Infinity. It also supports Splinterlands, and it’s set to add Sipher and The Sandbox for interested players.
Good Games Guild
Good Games Guild (GGG) has been a promising blockchain gaming guild. It’s fairly new compared to the others, but it already has around 1,000 gamers. It plays Axie Infinity, Titan Hunters, and Wasted Lands. GGG plans to add Cyball and Heroes Chained.
Token prices at gaming guilds
Merit Circle (MC)
Yield Guild Games (YGG)
Avocado DAO (AVG)
List of crypto gaming guilds
Token / Ticker
Astra Guild Ventures
Good Games Guild
Play It Forward DAO
Tank Wars Zone
Yield Guild Games
Frequently asked questions
add remove What is a play-to-earn gaming guild?
A play-to-earn gaming guild allows new users to start playing crypto games without a large upfront investment. Guild members, or managers, give scholarships to new members, essentially renting out their NFTs for scholars to use in the game. In exchange, the scholars will share their profits with the managers and guild members. The usual split is 10% to the guild, 20% to the manager, and 70% to the game scholar.
add remove How do gaming guilds make money?
Gaming guilds make money through the scholars. They rent out their NFTs so the scholars can earn money while playing the game. The scholar must then split their earnings with the gaming guild.