What is wTEAM?
Our previous articles have looked at what a decentralized autonomous organization (DAO) is, what a cryptocurrency gaming guild is, and what a scholar in T.E.A.M. DAO is. Now, we’ll look at one of the DAO’s unique value propositions: wTEAM.
wTEAM stands for wrapped TEAM and consists of 1 scholar and non-fungible token (NFT) assets from a game or games wrapped together into a tradeable NFT that generates income.
Understanding wTEAM
As mentioned in our previous article, a scholar is someone who has entered a scholarship program. Cryptocurrency gaming guilds like T.E.A.M DAO provide players access to cryptoassets they need to better perform in play-to-earn games, compete with other players, and maximize their revenue.
After a scholar passes T.E.A.M. DAO’s selective recruitment process and becomes part of the gaming guild, they are provided with assets to better perform in games. The scholar and these assets are then both wrapped into a tradeable NFT, called wTEAM.
That NFT generates income based on the scholar’s performance in the play-to-earn games that they choose to play. That income is distributed between the investors who provide assets to the player and the DAO itself, which facilitates the connection. The investors who provide assets and purchase wTEAM to earn revenue are deemed TEAM Owners, as they effectively own eSports player teams and game assets.
As can be seen above, the scholar gets to keep, on average, 50% of the revenue generated with the assets they are provided (depending on the game & scholar level), while 30% are sent to the owner of the wTEAM NFT, 10% are used to fund the operations, while 10% go to the T.E.A.M. DAO Treasury, to be managed according to community governance.
It’s worth noting that payouts are dynamic depending on a multitude of factors, including the game, the level and performance of the scholar. The percentages listed above are indicative and not fixed.
wTEAM’s Flexibility
A feature that allows wTEAM to stand out is its incredible flexibility. Owners and scholars are free to choose which games and metaverses they want to participate in with the support of T.E.A.M. DAO’s data analytics, which showcases real-time performance to allow them to make efficient decisions.
Our platform’s real-time data allows scholars to monitor their progress clearly and understand how to improve while letting Owners maximize the use of their assets to improve their earnings. All in a wrapped & gamified experience.
On top of that T.E.A.M. DAO’s community is fully organic and works through proprietary technology, recruitment, deployment, and a scalable and automated expansion system. The system empowers wTEAMs to drive value to all stakeholders within our ecosystem.
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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