An innovative blockchain platform that combines various crypto-games with Play-to-Earn mechanics has raised over $555,000 in investment in just a few days.
Right now, the MEMAG project token is available at $0.01 per unit in the second stage of the pre-sale, but the price will increase to $0.013 in the third stage. The third stage of the pre-sale may start very soon, given the speed of token sales in the already passed pre-sale stages.
The gambling industry is a large and promising market, with cryptogamers making significant strides in it. Analysts suggest that Meta Masters Guild token will become the fastest growing digital coin this year with a 10x growth rate.
Meta Masters Guild plans to change the rules of the industry both on an industry-wide level and in the crypto-gaming sector with Play-to-Earn mechanics that involve enjoying the process.
Luckily for investors, the platform already has one entertainment in the final stages of development – Meta Kart. Game Guild is primarily positioning itself as a platform for mobile games, although a PC version is also planned.
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The world’s first mobile-focused Web3 gaming guild is now in development
Meta Masters Guild is not looking to compete with the big franchises, where entertainment development can cost around $60 million. Instead, the emphasis is on the mobile gaming space. It attracts more users on a daily basis, and the start-up costs for mobile entertainment are much lower than console and PC versions, as no expensive hardware is required.
Meta Kart Racers is an online multiplayer arena (MORA) where visitors race against other users (both humans and bots). To start playing Meta Kart, you need to choose your favorite racers and karts, and then battle it out on one of the many exciting tracks.
Meta Kart is a free-to-play game that includes a “play and earn” feature. As mentioned earlier, Meta Kart Racers is in the final stages of development.
The guild’s other two games are in the concept stage:
- Meta Masters World is a “create, explore and conquer” mobile entertainment experience. It is created by Gamearound, the first studio specializing in blockchain games. The studio recently developed an entertainment for Boohoo, a company with a market capitalization of $591 million.
- Meta Masters World will be free to play, but it will also have a “play and earn” mode. Participants will explore Meta Masters World and complete in-game quests to earn tokens. Users will also be able to buy NFT land and build architecture on it to level it up in the game.
Regarding the fun of Raid NFT, the team will provide more details later. One thing that is already known is that users will be able to play alone in arcade mode or test their skills in PVP (player versus player) competitions with high stakes.
All games on the platform use the MEMAG token, which can be converted into the in-game rewards currency Gems. It is important to realize that Gems cannot be classified as a digital coin. However, within the project, Gems assets are exchanged for MEMAG cryptocurrency. This distinctive feature will help Meta Masters Guild entertainment to appear in the app stores of Apple and Google, which have strict requirements for game projects.
Distinguishing MMG from other guilds
Meta Masters Guild should not be confused with Yield Guild Games, which originated as a scholarship program for Axie Infinity. Meta Masters Guild seeks to engage players by providing engaging entertainment, rather than forcing them to complete boring tasks to earn rewards.
Meta Masters Guild has identified two weaknesses in the modern gaming world:
- Corporate interests revolving around maximizing profits and ignoring the needs of users.
- Under-occupied market share of decentralized games.
The Meta Masters Guild team aims to change the Play-to-Earn format to Play-and-Earn to emphasize engaging and immersive gameplay.
Successful products are those that keep users coming back again and again. Engagement should be the number one goal. After all, that’s the kind of long-term vision that’s best for generating revenue.
According to Statista, total revenue in the racing games segment alone is expected to reach $2.68 billion in 2022, with a total of 9.16 billion downloads and an average revenue per download of $0.29. If Meta Masters Guild earned just 1% of those revenues, that would equal $26 million.
Over the next few years, the projected growth rate for racing game revenues is estimated at 5.94% per year, and the entire industry’s revenue is estimated at $3.38 billion. These figures are for racing segment entertainment only. According to Newzoo Research, the entire mobile gaming sector was estimated to generate $77.2 billion in revenue in 2020.
Given the pace of blockchain gaming in the Web3 space and its potential, the guild has carved out a promising niche.
Also for potential investors, the area of decentralized apps (dApps) presents the least risk. According to a recent Dapp Radar report, blockchain games account for about half of all active dApp wallets.
A new vision for the gaming world
The idea behind Meta Masters Guild is to take crypto entertainment to a whole new level. The popularity of video games, including mobile games, continues to grow rapidly. Making money by playing and having fun is the philosophy of gamers and crypto investors of the future.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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