In order to help boost the Play-to-earn (P2E) ecosystem, Animoca Brands has launched a Guild Accelerator Program. The initiative will give priority to projects that promote and give back to player/scholar communities.
The Guild Accelerator Program has been launched by Animoca Brands, the Hong Kong-based game software and venture capital company behind The Sandbox, in collaboration with Brinc, a worldwide venture accelerator.
The Guild Accelerator Program will focus on expanding the emergent play-to-earn (P2E) guild ecosystem around the world, according to the official press release.
The acceleration program, according to Animoca, would provide a total investment capital of up to $30 million over a two-year period. It is also intended to assist millions of people around the world in earning money by engaging in peer-to-peer gaming through crypto gaming guilds.
The initiative will give priority to projects that promote and give back to player/scholar communities, have a smaller physical footprint, and focus on energy-efficient proof-of-stake (PoS) protocols and side chains. The Guild Accelerator Program will be supported by Avocado Guild’s Brendan Wong, YCG’s Saruboti Sasuke, and Ancient8’s Howard Xu.
Yat Siu, co-founder and executive chairman of Animoca Brands, commented,
“As the world enters a new era of work and play, the play-to-earn guilds space has enormous potential for growth. The management of digital assets in games and in the open metaverse represents a significant source of income for hundreds of millions of people.”
Animoca reported last month that it had raised roughly $360 million in a new investment round valued at $5.4 billion. The gaming company intends to use the new funding to fund strategic acquisitions and investments, product development, and intellectual property licenses.
Play-To-Earn Gaming
In 2021, there was more interest in blockchain-based games than ever before, and this trend is expected to continue this year. The incorporation of NFTs metaverse concepts into gaming culture has resulted in increased usage and popularity.
Without a doubt, play-to-earn (P2E) with monetary rewards has become one of the most popular fads. Gaming business models have been reformed as a result of the industry’s high level of experimentation.
Despite the extreme price fluctuations in the bitcoin market, blockchain-based games have remained unaffected. Even though the market was wreaking havoc, it was previously revealed that investor interest in the non-fungible token area and blockchain-based games had been steadily rising since the beginning of the year.
