What happens when you pull NFTs, second realms of reality and unlimited possibilities together through innovative technology? You get the new reality our modern world has embraced: the metaverse. More specifically, play-to-earn gaming in the metaverse. Currently valued at a $36b* combined worth, it’s just the tip of the iceberg for the blockchain-gaming industry.
With 3.6 billion gamers worldwide, the global gaming market, which has been at the forefront of innovation, is projected to be worth more than $314B* by 2026. Where would the internet be without driven gamers keen to play together? Now, these same gamers have set their sights on blockchain technology combined with decentralized finance.
A perfect example of this is Axie Infinity’s surge in popularity: millions of people are playing this new blockchain game or, at least, desperate to participate and join the fortunate ones whose lives are changing in the metaverse. With increasing demand, more games emerge and, therefore, more opportunities arise. Since we now know the metaverse can change lives, why don’t we take this up a notch? Let’s make sure anyone, anywhere can enjoy this extremely rare opportunity.
Introducing Merit Circle
It’s with great pride that we introduce Merit Circle, a decentralized autonomous organization (DAO) with a mission to maximize value accrual across different games in the metaverse. We are creating a platform at the intersection of capital (investors), expertise (platform and managers) and players (gamers).
Merit Circle is not an entirely new concept. Brought to you by the founders of the Axie 420 scholarship and incubated by Flow Ventures. Flow Ventures has committed to realising Merit Circle’s vision and providing us with all the necessary resources. This marriage equips Merit Circle with years of combined experience and expertise.
With over 500 scholars currently playing Axie Infinity and running elaborate breeding cycles, significant revenues are already streaming into the Circle of Merit, benefitting the liquidity providers, Merit Circle and the players. The returns often translate into life-changing income and their first access to global financial infrastructure for the latter group.
Merit Circle is not only focused on Axie Infinity, however. We’ll continue to search for opportunities in the metaverse through new games, new revenue models and yet-to-be-discovered concepts. We will remain at the forefront of innovation and we invite anyone to accompany us on this journey.
Drawing the Merit Circle
While forming our identity, we focused on three key pillars: gaming, cryptocurrency and investing. We were looking to build a brand that not only gave space for the creative expression of the gaming industry but one that could also stand alone, be trusted and feel inherently strong enough to inspire confidence, faith and belief.
We didn’t want our brand to feel like just gaming; it’s not just cryptocurrency, it’s not just investing; we’re doing something that speaks powerfully to any of these audiences without feeling too overwhelming towards one side or the other. We wanted to speak the language of each group. Therefore, it’s with great excitement that we bring you the Merit Circle, an organic group of individuals who are rewarded through shared interests and skills.
What’s next?
We’re turning the Axie 420 scholarship into something way bigger, known as Merit Circle. With 1.5 million monthly Twitter views, 24,000 followers on Twitter and over 6,000 members on Discord, we’re thrilled to start with a blast. We are privileged to enjoy the support of many industry leaders that we will soon reveal.
The world’s experiencing a revolution of the play-to-earn economy in the metaverse. We are aiming to become the largest circle that will allow anyone to grasp the available opportunities. We’ll be leveraging our brand and collaboratively invest in scholarships, purchase lands, invest in these economies and educate our community. Together, we’re building the metaverse.
With the support of multiple noteworthy investors and advisors knee-deep in the play-to-earn gaming ecosystem, nothing can stop us. Within the next couple of weeks, we’ll slowly reveal what we’re building and what each and any of you can expect. The $MC token will be at the heart of our ecosystem with more information on that to follow as well.
To stay up to date on our adventure, follow Merit Circle on these channels:
Twitter: https://twitter.com/MeritCircle_IO
Medium: https://medium.com/@meritcircle
Discord: https://discord.gg/meritcircle
Website: https://www.meritcircle.io
Gaming platform: https://gaming.meritcircle.io
Governance forum: https://gov.meritcircle.io/
Snapshot: https://vote.meritcircle.io/#/
- Coingecko - NFT Projects - https://www.coingecko.com/en/nft
*Statista — number of video gamers worldwide in 2021 — https://www.statista.com/statistics/293304/number-video-gamers/
*Mordor Intelligence — Global gaming market report https://www.mordorintelligence.com/industry-reports/global-gaming-market
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. You should consult your own advisers as to those matters. References to any digital assets and the use of finance-related terminology are for illustrative purposes only, and do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein. There can be no assurance that the investments mentioned herein will be profitable. The digital assets referenced in this report currently face an uncertain regulatory landscape in several jurisdictions. The legal and regulatory risks inherent in referenced digital assets are not the subject of this content. The content speaks only as of the date indicated.
