What is a crypto gaming guild?
Getting paid to play video games was a dream a few years ago for most players, being only possible for the top players of each game. With the rise of play-to-earn titles, every player can now earn to simply play a video game, and crypto gaming guilds democratize access to these games.
Through a crypto gaming guild, players can have access to cryptoassets they need to better perform in play-to-earn games and compete with other players in a manner that will allow them to maximize their revenue.
A crypto gaming guild is, as such, an organization that provides gamers with the necessary funds, tools, and training to better perform in blockchain-based play-to-earn titles. Crypto gaming guilds often amass non-fungible tokens (NFTs) related to these games to lend them out to players so they can use them in their quests.
Guilds, as they evolve, become gated communities for its members where gamers can share strategies, share alpha, and coordinate to make their play-to-earn experiences more enjoyable. T.E.A.M. DAO is one such guild that invests in NFTs used in top-tier blockchain games.
Crypto vs. traditional gaming guilds
Traditional gaming guilds, often referred to as clans, are centralized entities owned by a select few. These guilds recruit experienced players to foster their talent and help them perform well in competitions and acquire sponsorships to take a cut off of their earnings.
These traditional guilds are often tied to a specific game. When the game’s popularity starts waning they often disband. Some larger guilds expand across multiple games, but are often only successful in one.
Cryptocurrency gaming guilds, on the other hand, enable every player who joins them to maximize their output in play-to-earn games. While traditional guilds focus strictly on achievements, activity and overall performance are much more important for cryptocurrency gaming guilds.
Crypto guilds, depending on the guild, enable players by lending them NFTs and other assets that ensure they don’t need to stick to a single game. To ensure their players have access to the best opportunities, crypto guilds often invest early in the assets of new up-and-coming games and have access to below-market rates.
Other aspects of traditional gaming guilds, including having skilled players under contracts and providing them access to venues, are also included in some crypto gaming guilds after these form eSports teams.
NFTs and DAOs
What truly separates crypto guilds are NFTs, whose ownership is verifiable on the blockchain, and so-called decentralized autonomous organizations (DAOs). As we have seen before, these are internet-native organizations with no hierarchical structure.
While traditional organizations have centralized leadership calling the shots on what happens, DAOs are organizations governed by their communities around a specific set of rules enforced through blockchain technology. In DAOs, decisions are made from the bottom-up, and any stakeholder can vote on the future of the organization.
Players can, as a result, participate in the governance of crypto gaming guilds if they are stakeholders in it and have a more significant say in their own future. T.E.A.M. DAO is a DAO with its own treasury, which holds assets on behalf of its stakeholders.
About T.E.A.M. DAO
T.E.A.M DAO (TEAM — Tokenized Esports Asset Management) is a next-generation tech-enabled Guild 3.0. TEAM is a platform for aspiring players, metaverse believers, and asset managers to deeply engage in the new web3 economy.
T.E.A.M DAO solves three major problems in gaming guilds as it uses community-driven player acquisition and infrastructure technology for sustainable growth, while ensuring quality through careful asset curation and gamified training to ensure a high standard for scholars and treasury values. It also allows for the easy rotation between games and tradability of scholars, boosting flexibility.
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