MGG Combines the Power of DAO and DeFi

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MetaGamingGuild

4 min readJun 29, 2022

As the gaming community continues to grow, the power to select its best decision is based on the organization’s stake in bringing direction and power to its community members.

A shining example of a gamer-centric community is the MetaGaming Guild. MGG continues its innovate its gaming ecosystem by providing an excellent experience through a combination of DAO and DeFi. This combination helps MGG strengthen its network and provide outstanding service to its valued members.

MGG has always acknowledged the significance of gaming system innovation and improvement, as seen by the growing interest in the play-to-earn model among its new and existing community of tactical gamers. For MGG, combining DAO and DeFi is an excellent move to escalate its ambitious gaming project.

What is a Decentralized Autonomous Organization (DAO)?

DAO or decentralized autonomous organization refers to organizations that entered into a smart contract (the backbone of DAO) that can operate autonomously, where everyone is collectively involved and is run through blockchain technology. DAO controls the rules and policies for the organization to function properly.

DAO has its called funding period that would allow the people to contribute money to the DAO by purchasing tokens that signify membership in the organization. These tokens allow the owner to vote for organization-wide decisions and protocols. DAO is established for the members to share the same goals and made decisions jointly.

What is a Decentralized Finance (DeFi)?

DeFi or decentralized finance is a digital transaction that is powered by blockchain technology. Unlike centralized finance or traditional finance, DeFi can go through different transactions without having centralized institutions like banks. DeFi has codes that acts as the bank and it’s open to everyone and has censorship resistance that would allow a person to secure their money. DeFi is cheaper than traditional finance.

DeFi has this called cryptocurrency which is equal to a real-world asset called stable coins like USD. In DeFi, members are allowed to borrow and lend money by using the funds while keeping custody of the people involved.

The Powerful Intersection DAO and DeFi at MGG

Inarguably, Decentralized Autonomous Organizations (DAO) and Decentralized Finance (Defi) have a significant impact on the gaming industry. With this, MGG powerfully combines these two economic models, thanks to the leadership of their CEO Andy Agnas who is also at the same time the founder of SparkPoint Technologies, Inc. ~ the leading provider of non-custodial wallet services in the Philippines!

MGG continues to take a proactive role in championing best-in-class and tried-and-tested tactics to give the best benefits to its guild members.

MGG is an organization created by visionary developers that has the main purpose of providing automated decisions and facilitating cryptocurrency transactions among its guild members. MGG is essentially a DAO-based gaming community, led by distributed leadership as opposed to the conventional top-down structure. In effect, MGG is completely transparent and autonomous, made possible through the use of open-source blockchains where everyone can access the code. Not just that, MGG members have the power to propose changes to the organization’s direction, including decisions about investments and revenue distribution. Moreover, MGG with DAO indicates that the community itself holds the power in which the direction of the organization will be set by them.

On the other hand, MGG’s DeFi protocols provide the majority of traditional financial services, including investing, saving, and trading, to the general public rather than a single organization. This is one of the components of the larger crypto ecosystem that MetaGaming Guild has. This enables the guild to disseminate risks. It has also created a framework so the players of MGG can make money in the real world through NFTs.

The Future Looks Bright for MGG!

Without a doubt, MetaGaming Guild is very well positioned to become the primary and most gamer-centric DAO in the gaming metaverse! MGG continues to unlock impressive milestones as the team adds new features and builds top-notch partnerships with the industry leaders.

MGG has started in 2021. We have big goals for MGG and we have no plans of slowing down. The global gaming arena has now widely recognized the massive potential of MGG. Here are some of the media features that recognize MGG’s dominance as the hottest and most secured project of the season!

In case you haven’t explored MGG yet, hop on and join our success-driven future. Get started with us today! 😉

About MetaGaming Guild

MetaGaming Guild (MGG) is one of the world’s fastest-growing GameFi guilds who’s on a mission to make game finance fairer for the masses.

MGG buys the best Non-Fungible Tokens (NFTs) from gaming startups and rents them out to a community of players through the scholarship program. With this, MGG scholars can access games without upfront costs, access early stage game tokens like VCs, and deploy their NFTs to automated yield.