Hashed: Why are we investing in the Web3 gaming community GuildFi?

Hashed
2021-12-05 21:25:43
Collection
GuildFi aims to create an interconnected ecosystem of games, NFTs, and communities to achieve interoperability across the metaverse.

Author: cpt n3mo, Hashed Researcher

Compiled by: Hu Tao

GuildFi Overview

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GuildFi aims to create an interconnected ecosystem of games, NFTs, and communities to achieve interoperability across the metaverse. GuildFi provides the infrastructure for all GameFi participants to onboard, connect, and add value—whether you are a player, guild, investor, or game.

Players can:

  • Register with a GuildFi ID that can store their achievements and footprints in the metaverse
  • Discover curated games, access elite GameFi tools, and assist game creators in finding the right player base for their game launches
  • Look for guilds with scholarship programs to lower the entry barrier for P2E games
  • Earn experience points (GXP) and rankings that grant players access to rewards such as allocations to exclusive NFT events, token reward yields, and more.

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Guilds can:

  • Recruit more scholars by integrating with GuildFi, showcasing their profiles, and making it easy for new players to discover them
  • Mature guilds can have their scholars register for GuildFi IDs to start earning double rewards in their metaverse activities

Investors can:

  • Utilize guild-as-a-service to instantly establish their own guilds for acquiring virtual assets, recruiting scholars, and managing guild members without any overhead or operational costs
  • Access the Guild Network to plug-and-play GuildFi modules and manage their custom guilds
  • Maximize asset utilization by lending virtual NFT assets or cash to meet market demands in the metaverse

Games can:

  • Integrate with GuildFi to grow their communities and enhance discovery (e.g., games can introduce scholars between guilds or bring in players from partner guilds)
  • Enhance player experience by equipping players with better tools and maximizing in-game rewards (e.g., IGO, NFT sales, NFT airdrops to players, etc.)

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Our Investment Thesis

1. Easy Access:

Blockchain games have the potential to bring billions into cryptocurrency and provide financial opportunities without bank accounts. Players see income potential, but the entry barrier is very high due to startup costs. This space is also growing so rapidly that newcomers may feel confused without a steep learning curve.

Just as DeFi has seen the rise and use cases of DEX aggregators (like 1inch) and yield aggregators (like Yearn, Convex, and Beefy); we believe the metaverse also needs an ecosystem aggregator. In the near future, there will be a surge of guilds, game creators, and investors entering the space, and the market will ultimately demand convenience.

We believe that a metaverse aggregator connecting ecosystem participants is essential for the industry's growth, and GuildFi has the best Web3 infrastructure to become the preferred platform.

2. Operational Simplicity:

Managing a guild can become complex—from finding and interviewing scholars to facilitating revenue-sharing systems and tracking NFT inventories. As the space becomes more saturated, guilds need to be equipped with the best tools to:

  • Ensure economies of scale (improving operational efficiency as scale increases)
  • Visualize the overall performance of scholars and players
  • Stand out from the competition and continue to add value for their audiences and partners

We believe GuildFi has the technology and capability to provide the necessary tools for games, guilds, and communities to stand out in this field.

Concluding Thoughts

Even before investing in Axie Infinity in 2018, Hashed has been a strong supporter of the development of the metaverse. We are deeply committed to the concept of developing the metaverse and provable digital asset ownership, believing it has immense potential to transform how users consume entertainment.

GuildFi's long-term vision aligns with ours—they intend to build an interoperable and easily accessible platform for various gaming economies. GuildFi aims to be a one-stop shop for metaverse participants, and Hashed is fortunate to support their journey!

"Hashed envisions that the next generation of gaming platforms will be based on a combination of P2E gaming models and interoperable in-game assets. The new paradigm in the gaming industry will be decentralized, so the more authority games give to players, the more successful the games will be. In this regard, GuildFi has strong potential to solidify its position as a new gaming platform." --- Ethan Kyuntae Kim, Co-founder and Partner at Hashed.

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