Latest play-to-earn game platform, meta masters guild, has raised $200,000 from eager investors just four days after its pre-sale started.
The project bills itself as a guild and its mission is to become the go-to ecosystem for mobile-centric play to earn money.
Interest in crypto gaming continues to grow as the technology’s decentralizing power is an excellent fit for gamers who want to take ownership of their in-game assets and game developers to monetize their work.
analysts Meta Masters Guild is estimated to be the fastest growing play-to-earn cryptocurrency this year with a 10x potential.
Buy MEMAG today and get a 42% price increase in the second phase of the presale
$MEMAG Coin is in the first phase of a seven-stage pre-sale. The token can currently be bought for $0.007 before the price rises further upon reaching the first phase target of $490,000.
The price in Phase 2 is $0.01, which represents a 42.8% increase over the current Phase 1 price.
The presale has a total of seven phases and the hard cap is set at $4,970,000.
At the current run rate, MEMAG could enter Stage 2 as early as next week, so there is no time to lose to get the lowest price.
meta masters guild is an ambitious project that seeks to attract indie game development studios and indie developers to its platform – gamearound is the first of them.
The first game partner of the Meta Masters Guild is No Fly By Night. Gamearound Games Studio recently developed a game for fashion retailer Boohoo, a company with over $1 billion in revenue.
Patrick Hegarty, Meta Masters Guild Brand Ambassador, provides a quick introduction to the project in the YouTube video below:
First game – Meta Kart – in advanced stage of development by GameAround
The project has three games in the works, one of which, Meta Kart, is in an advanced development stage.
Because the Meta Masters Guild is not trying to compete with AAA games, where games can cost hundreds of millions of dollars to develop, the fundraising will provide enough resources to realize its business plan.
The Meta Masters Guild aims to attract a substantial audience for its games among the large and growing band of casual game players found on mobile. Racing games are especially popular.
To get started with Meta Kart, choose your favorite driver and kart and then battle it out on one of the many fun racing tracks.
Meta Kart is free to play and includes a variety of play and earn Features.
There’s an option to go it alone in Arcade mode or test your skills in high-stakes PvP (player versus player) competitions.
Players use gems or MEMAG tokens to purchase and upgrade their drivers and karts, available in the Meta Masters Guild Store.
You can also play and earn in arcade mode to win rare NFTs. Meta Masters Guild NFTs are in-game playable characters once purchased and are rendered in 3D.
Meta Masters Guild has two more games in the works
The platform has two more games lined up, both in the concept stage. Meta Masters World is a Build, Explore and Conquer mobile game created by GameAround.
Players can win or buy land and playable characters from the NFT Store.
Meta Masters World will be free to play, but will also include a variety of play-and-earn features centered around skill-based actions.
Players can explore the Meta Masters world and complete in-game quests to play and earn. They can also buy land, choosing from an array of building constructions to help them level up nft,
The third game, also in concept stage, is Raid NFT. The team will give more details later.
Where the MEMAG Token Fits Into the Meta Masters Guild Ecosystem
All games on the platform use the $MEMAG token, which will be easily convertible with an in-game prize currency called Gems.
Gems are off-chain assets, meaning they do not reside on the blockchain and therefore are not strictly cryptocurrency tokens.
But it’s off-chain feature means that Meta Masters Guild is an App Store friendly product that can be approved by Apple and Google App Store.
There will also be a browser-based version of its games for those who prefer to stay away from the App Store.
Meta Masters Guild overtakes Axis Infinity and Yield Guild Games
The Meta Masters Guild is very different from the likes of Yield Guild Games, which began life as a scholarship program. xi infinity,
Meta Masters Guild takes a more sustainable approach by creating games that are actually fun to play.
Through this concentration on gameplay engagement, meaning that players become invested because of enjoyment as opposed to boring game mechanics that emphasize ‘earn’ over ‘play’, the Meta Masters Guild will ultimately be more likely to be successful. .
In short, the Meta Masters Guild seeks to displace the game from game to game and earn. In other words its games are all about fun and enjoyment which is why it will have free-to-play options as well as P2E.
This approach will mean that players who invest their time playing the games they love can realize value from their efforts in a way that hasn’t been possible with legacy games.
Gaming is hugely popular and profitable
data from Statista Shows that the total revenue in the racing games segment last year was $2.68 billion.
If the Meta Masters Guild is able to take just 1% of that revenue, it would be turning over $26 million.
And of course the gaming industry represents a growing pie in which the influence of crypto should help expand revenue and earnings – the Meta Masters Guild plans to be at the forefront of that change.
However, the difference with the Meta Masters Guild over legacy competitors like Zynga and others is that by design it enables players to take a share of the earnings.
The Meta Masters Guild Will Come to the fore as This Bull Run Begins, But Will Thrive Even in a Bearish Market
Mobile gaming sector generated $77.2 billion in revenue in 2020 Newzoo Research,
Web3 decentralization has the potential to completely disrupt the value dynamics of the gaming industry by placing players at the center of the action in every way.
Also, according to recent dap radar reportBlockchain gaming accounts for nearly half of all dApp active wallets, which suggests that it is perhaps the strongest sector of the crypto market.
Thus, a possible end to the bear market that crypto is currently witnessing is likely to lead to gaming projects such as Meta Masters Guild.
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