Thanks to the inception of a crypto gaming guild, we can now get paid to do what we love: playing video games. Play-to-earn (P2E) games let players make money by playing using blockchain technology.
However, to play many of these P2E games, you need to have in-game assets, which do not always come cheap. Many players, especially in developing countries, couldn’t pay that much money to start playing. How do we get out of this situation? This is when a crypto gaming guild comes in handy.
Crypto gaming guild: What is it?
A crypto gaming guild is basically a group of people who play the same game and help each other both inside and outside of the platform. Back then, gaming guilds are limited to traditional games. Now, P2E games are a key part of the concept of gaming guilds.
Inside a crypto gaming guild are investors, gamers, and managers who work together. The platforms buy in-game assets as non-fungible tokens (NFTs) and lend them to thousands of players so they can play and make profits.
The goal of crypto gaming guilds is to get more people to venture into P2E easily without having to pay for the initial investments to play the games. Crypto gaming guilds give everyone the same chance to take part in the economy of the metaverse. In the end, this is good for gamers, developers, and investors.
Find out how to join a crypto gaming guild and how to make money from crypto games by reading this article.
How does a crypto gaming guild work?
People who want to play and earn from crypto games can get a gaming scholarship with the help of a crypto gaming guild. The accepted scholars can then borrow or rent NFTs from other guild members who already have them. In the case of Railings University, players will borrow in-game NFTs from the guild itself.
Gamers who get approved for leasing NFTs will use these digital assets to make money in the crypto game. After that, the crypto gaming guild will earn profits by splitting a portion of the guild’s income and rent. Most of the time, the money helps the guild grow and get better.
The money is split in different ways depending on the crypto gaming guild. Most of the time, 10% goes to the guild, 20% goes to the managers, and 70% goes to the players. Some give half of the money made to the player and half to the guild.
Some guilds without managers who invest in NFT assets on their own can get a bigger share of the profits. Most of them have players split the profits 50/50, but some have a higher ratio. For instance, Railings University scholars can get up to 70% of the profit share by converting RU Points to increase their take-home percentage.
Check out the next article if you want to learn about what makes Crypto Gaming Guilds special.
Changing how crypto gaming guilds work
Just like how the crypto market is always changing, crypto gaming guilds are always adding new features and finding new ways to help their community. For example, Railings University is now giving out other earning opportunities in addition to the many P2E scholarships it offers.
Railings University, which is managed by Play It Forward, is now looking for people who will test games, install, and stream games. Only people who are part of the RU Discord community can take advantage of these gaming opportunities.
RU also has a Game Hub on its Discord server where people can play games and earn RU points. Members can turn their RU points into Railings University merchandise, mobile loads, gift certificates, food delivery, and a lot more.
When and how did crypto gaming guilds start?
Getting past the entry barriers in the popular P2E game Axie Infinity was the first thing that led to the inception of crypto gaming guilds. In Axie Infinity, you need at least three good Axies to play and earn. This can cost you more than $10,000 back when the game is at its peak. That is a lot of money for most people who might want to play.
This led to the inception of crypto gaming guilds, whose goal is to let players get into the P2E industry for free. As more games began to develop, more people started to set up their own crypto gaming guilds.
Want to know the reasons why you should join a crypto gaming guild? If so, check out the Top Reasons Why You Should Join a Crypto Gaming Guild.
Crypto gaming guilds versus traditional gaming guilds
Traditional gaming guilds have been in the gaming industry for a long time. Esports, also called competitive gaming, is one reason why gaming guilds have grown in popularity over the past few years. Traditional gaming guilds and crypto gaming guilds are not the same. The success of the games that traditional gaming guilds play is closely tied to how well they do.
On the other hand, crypto gaming guilds are places where new players are welcomed and helped by giving them the assets they need to start playing. Even if a game stops being popular, members of a crypto gaming guild can play other popular games that can bring in more money.
Even though crypto gaming guilds are still in its early stages, more and more investors and crypto venture capitalists are already betting big on them. This is because there are a lot of new crypto games coming out with great profit potential and sustainable economies.
The social good that crypto gaming guilds do for the gaming industry is another thing that sets them apart from other gaming communities. P2E gaming gives people who live in developing countries or come from poor families a chance to become financially independent.
The top 5 crypto gaming guilds
Railings University (RU) is a large crypto gaming guild that keeps growing to give gamers P2E opportunities and become a place where gaming legends are born. The guild is being managed by Play It Forward DAO and it has more than 3,000 gamers and over 20 games that are new or coming out soon. The guild offers different play to earn gaming opportunities such as gaming scholarships, entry level and professional game testing, game tournaments and many more. Find out more about these additional earning opportunities for scholars here!
By a wide margin, Yield Guild Games (YGG) is the most successful NFT gaming guild. In addition to Axie Infinity, YGG has games like Star Atlas, Guild of Guardians, and The Sandbox.
You should also check out Merit Circle, which is another interesting crypto gaming guild. More than 3,000 people are taking part in 30 different games. Axie Infinity is one of the most played games in Merit Circle, along with Sidus Heroes and Vulcan Verse.
The Good Games Guild (GGG) is a crypto gaming guild that is still pretty new but has a lot of potentials. Axie Infinity, Wasted Lands, and Titan Hunters are some of the games offered in the guild.
Avocado DAO gives gamers the power and knowledge they need to play blockchain games in the metaverse. Managers, players, and investors all work together to make the P2E community grow. As of this writing, it offers many games, such as CyBall, Axie Infinity, and Thetan Arena.
Join a crypto gaming guild today and start getting paid to do what you love
Joining a crypto gaming guild can be a great way to make money and have fun while playing the games you love. Given that the metaverse is becoming more popular, it will be interesting to see how the P2E market changes over the next few years.
Railings University is Play It Forward DAO’s guild partner, the guild provides different P2E gaming opportunities such as scholarships, streaming, tournaments, beta game testing, and more. Join RU’s Discord channel and find out how to start earning while playing. Join our ever growing social media channels on Facebook, LinkedIn, TikTok, Twitter, and YouTube.