- The success of MMOs and RPGs has contributed to the acceleration of GameFi.
- Method MetaGuild (MMG) aims to unite blockchain gamers around the world through its gaming guild that merges blockchain games with esports.
- MMG has also launched its own scholarship program.
It’s no secret that the video game industry is hugely lucrative, with the industry recently valued at $178 billion.
Part of what has contributed to the gaming industry’s recent success is the GameFi sector, which is worth up to $21 billion. GameFi, or game finance, is the world that merges digital collectibles with blockchain gaming. In a Single Day, Blockchain Games Worth Nearly $12 Million for Over One Million Players, According to DappRadar.
One of the moments that spurred the GameFi revolution was the blockchain game Axie Infinity which surged in popularity in 2020, creating opportunities for gamers to monetize their gameplay. Additionally, blockchain gaming empowers gamers by creating a fairer relationship between gamers and publishers through additional revenue and increased governance capabilities.
With Web3 poised to disrupt the gaming industry like Web2 did in the 2000s, the industry shows no signs of slowing down. Part of GameFi’s acceleration is due to the success of MMOs (massively multiplayer online games) and RPGs (role-playing games). An MMO is an online video game with a large number of players, often hundreds or thousands, on the same server. In contrast, a role-playing game (RPG) is a genre of video game where the player controls a fictional character who undertakes a quest in an imaginary world, while MMORPG is the mixture of both worlds.
MetaGuild method (MMG) aims to unite blockchain gamers around the world through its gaming guild that merges blockchain games with esports, unlocking unprecedented opportunities to redefine the traditional publisher/player relationship and ensure gamers benefit as much as possible to play in virtual worlds.
MMG’s vision is to shape a future where everyone in the metaverse is rewarded for their contributions and believes that community has always been at the heart of the gaming ecosystem. According to its whitepaper, the platform strives to ” support competitive excellence, shape virtual worlds, and create opportunities for gamers, scholars, creators, esports players, and members of the blockchain community to be discovered and rewarded for their contributions to the metaverse.” .
The platform is all about embracing and encouraging the community and fixing the current pattern that exists between traditional game publishers, which is often fraught with pitfalls on in-game monetization strategies.
MMG believes blockchain can help evolve this outdated, publisher-centric way of doing business, empowering end users again. “Not only are blockchain game publishers providing gamers with enhanced governance capabilities, but they have also established in-game economic ecosystems that benefit gamers and allow even casual gamers to generate additional revenue,” the company explains in its statement. White Book.
The platform is operated by professional esports organization Method, which was established in 2005 to create the best World of Warcraft (WoW) team in the world. Method not only achieved this amazing feat and became the most influential team in MMO and RPG game genres. Since then, it has provided a path and support for gamers to make their craft their profession, with many creators and competitors now leading in their fields.
Fast forward to 2022, and the 17-year-old legacy esports brand is home to one of Twitch’s most-watched esports teams of all time. The close-knit, passionate and experienced team is committed to innovating, creating and pushing the boundaries of esports entertainment further than ever before. And be sure to learn more about MMGs Scholarship program.