Guilds: The Secret Sauce Of Edensol’s NFT Gaming Revolution

NFT gaming is on fire: Prices for NFT land plots are estimated to have risen on average 400% to 500% between September 2021 and January 2022. The “big four” NFT metaverses – Decentraland, Somnium Space, Cryptovoxels and Sandbox – will double their NFT revenues in 2022. On February 20th, Axie Infinity, the world’s leading NFT game, announced that it had surpassed $4 billion in all-time NFT sales. Within the NFT gaming space, an even more powerful trend is emerging: crypto gaming guilds. What are they? They are organized groups of video game players that regularly play together in one or more multiplayer games. By playing various crypto games, a guild accumulates as many NFTs as possible from various sources. In addition, guilds cultivate promising players and lend them funds and in-game NFT tools so they can unleash their talent – in exchange for a part of their earnings. Edensol plans to leverage this trend. Guilds are already considered to be the future of play to earn gaming (P2E) and are already attracting enormous investor interest: Yield Guild Games is the largest gaming guild, with a market cap of over $650 million, and over 4,700 gamers that use the guild’s NFT assets. In August 2021, it raised $4.6 million to invest in NFT in-game assets and to expand its community. Animoca Brands, the parent company of The Sandbox, announced on February 14th that it would invest up to $30 million in a Guild Accelerat...