Introducing Cosmic Guild
Cosmic Guild was founded on the belief that play-to-earn (“P2E”) is and will be a massive opportunity that will transform gaming as we know it. For the first time ever, casual players around the world are now able to derive tangible income from what used to be a simple pastime. Entirely new economies and communities will take shape, in the process of doing so, better millions of lives around the world. As the metaverse continues to take shape, Cosmic Guild envisions ourselves at the forefront of it all.
Crypto projects to date have primarily focused on attracting capital inflow and competent developers to create value from zero. The P2E model, first demonstrated at-scale by Axie Infinity, brings to the table a whole new set of dynamics where an investor (or managers) needs to actively manage and utilise assets to earn a yield. Passive or idle assets by investors looking to be quick opportunists in such games may not necessarily capture any upside or yield, and may even see their capital depreciate in value with game meta changes.
In all games, the meta changes from time to time. This challenges both the managers and players to constantly rethink strategies and how to deploy capital. For example, in Axie Infinity, the introduction of a leaderboard and tiered SLP earnings based on MMR increased the complexity of the game, which follows the rulebook of traditional games.
Our views on the future of GameFi
P2E games will increase in complexity and skill requirements: Game developers are now experimenting with the P2E model, putting larger budgets to work and creating sophisticated games with intricate in-game economies. It is likely that passive investors without suitable infrastructure, knowledge, time or operational capabilities will begin facing difficulties deploying capital into these games. The entrant of giants such as Ubisoft taking an interest in blockchain games further shows that big developers are taking this model seriously.
A guild solves this problem. Cosmic Guild provides the operational resources needed to manage capital at-scale and pair it suitably with our guild members to optimize yield.
Community remains a key driver for GameFi’s growth: Gaming is a social activity and we play to compete against others, face challenges alongside our friends, or simply to have an alter-ego or second life in the metaverse. A well-established guild can bootstrap game communities and accelerate growth. Games will require players to own some assets before playing (or even committing their own capital) and guilds can provide the capital and assets required. Over time, the camaraderie and friendships formed within a guild becomes an economic moat.
Games will become fun and attract real gamers: Axie Infinity has been a great proof of concept that play-to-earn is a viable model for game developers, but if we’re being honest, it’s not that fun to play Axie in its current state. Some may disagree, but as Axie players ourselves, we think Axie currently lacks depth and is starting to trend towards a Pay-to-win model (i.e. meta Axies). Future play-to-earn games will be better designed for playability, attracting a whole class of gamers who will actually play the game because they enjoy it, leading to circular in-game economies, rather than “farm-and-dump”.
These are the players who are willing to spend money playing as opposed to using their time to gather supplies or equipment for their raids/battles. A well designed economy will result in a circular economy leading to game longevity.
Introducing Cosmic Guild
Cosmic is a decentralised autonomous organisation (DAO) that is focused on maximizing yield and building communities. We’re creating a platform where players and investors can come together, combining expertise and capital to achieve the optimal yield generation for stakeholders.
The confluence of capital and gamers requires exceptional organisational management to ensure that capital efficiency, while our gamers remain motivated with the right incentives. Through our experience running scholarships in Axie Infinity, we’ve refined and optimized the way Cosmic works. Today, Cosmic runs like a well-oiled machine with perfectly oiled cogs.
Beyond financial gains, we have uplifted the lives of more than 500 scholars, some who have been with us for more than half a year. We’ve continued to reinvest the earnings into breeding more Axies and growing our pool of scholars. Through the months, we’ve seen our portfolios grow, our communities flourish, and our scholars earning significant income that have helped them tide through the difficult era of the pandemic.
We have conviction that GameFi will continue growing at an unprecedented pace as the metaverse develops. We have also been expanding into more games, accumulating assets so we can quickly deploy upon launch.
At our core, we are a group of gamers at heart who thrive in competition, driven by passion to execute everything we do well and still have fun through the entire process.
Our Next Steps
Cosmic was born out of our passion for games and to-date has been funded with a significant amount of our own capital. Right at the horizon we see the immense potential for GameFi with an influx of gamers coming in from global communities. We aspire for Cosmic to become one of the largest gaming guilds in the world and at scale, we can negotiate better deals for our players and investors.
To hyper-scale and accelerate our growth, Cosmic has designed the $CG token to bring onboard investors and partners who are aligned with our mission.
The crypto game world is ever changing. Catch up the latest news and follow Cosmic Guild on these channels:
Twitter: https://twitter.com/Cosmic_Guild
Discord: https://discord.com/invite/cggdao
Telegram: https://t.me/Cosmic_guild
Website: http://www.cosmicguild.io/
