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Around 50 years ago, video games were seen as nothing but another child’s toy. But now it’s one of the most sought-after industries. Today the gaming industry is worth over $300 Billion.
For a lot of people around the world, gaming is not just a pastime, but a source for socializing, an income stream, and even a career opportunity. It’s a passion that unites people across the world facilitated by communities that offer gamers a place to connect, share their ideas, find creative inspiration, do live streaming, and more.
One of the most recent talked-about commodities in the world of gaming is Play-To-Earn. These games reward participants with digital cash or Non-Fungible Tokens. In fact, some even claim that blockchain-based gaming protocols are one of the hottest commodities in the crypto world. This has opened game-focused economics built on rewarding players financially for their time, dedication, and efforts spent in the game.
The communities built around traditional games are a bit different than crypto gaming communities. These communities have been with us for decades and the rise of competitive gaming has only facilitated the popularity of these communities. Playing traditional games is fairly simple, credit to popularity and accessibility, however for blockchain-based games, there are many barriers involved with the jargon of Blockchain and Crypto which can often come out as gibberish to new users.
The crypto and play-to-earn games have led to the rise of a phenomenon known as “guilds”. Blockchain guilds can be defined as an alliance formed around playing, progressing in, and monetizing blockchain-based games.
With the blockchain-based play-to-earn games gaining popularity, people were able to make a living. However, there were still many players, especially in developing countries who may not be able to afford such upfront capital to start playing the game – almost always owning specific in-game characters/tokens or assets is required to begin with.
To bridge this gap, Guilds came into existence. Within these gaming guilds are managers who have a significant quantity of gaming NFTs. These managers lend out their resources to other smaller communities of players around the globe in exchange for a cut of the profits based on their revenue or pre-defined models. This leads to a fair chance for everyone to participate in the metaverse economy by making game assets more accessible for everyone. Crypto gaming guilds are now one of the biggest and fastest-growing markets in the world of crypto gaming. These guilds don’t just help people rent out resources but also help the new users of this market to set up wallets, teach how to make transactions securely, and give out legit information about the basic gameplay, rewards, NFTs, crypto etc. In fact, gaming guilds have also enabled investors to directly invest in games through guilds without having to worry too much about the operations of the games.
Blockchain gaming guilds have made the entire process of generating revenue via gameplay accessible and taken the concept of online entertainment to a whole new level while making sure the infrastructure is accessible to more and more people.
While guilds are systemic organizations, we’ve also seen a growth of smaller communities across social media like Discord, Telegram, and Facebook usually catered by the fans of a game. For example, we’ve seen many people playing CropBytes make groups on Telegram, Facebook, and other social media. Check out this player-made CropBytes community on Facebook.
This allows providers to not only interact directly with the players of the game but also enable a better user experience for them as well as provide technical assistance. We’ve also seen players forming a separate channel specifically for sharing strategies, and ideas, discussing updates, and helping each other out.
So, to conclude, communities are not just a way to improve your gaming experience but also to explore the infrastructure better. Whether you’re here to make a living or just to play for entertainment – joining a community is always a good idea to elevate your experience and also maybe make friends along the way.