Merit Circle (DAO) linking Metaverse and P2E Economy

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On 2nd November of last month, Merit Circle, which had a token sale through CopperLaunch, was listed on Binance one month after the token sale.

Recently, Metaverse or Play to One (P2E) projects have become very popular, but Metaverse DAOs and Guild DAOs that serve as a link between metaverses, between play to one games, and between investors and players are continuously being released.

GF token of GuildFi, which aims to significantly improve the user experience of game players and enable interoperability of various metaverses by building a web3 infrastructure that connects games, non-fungible tokens (NFTs) and communities The sale was scheduled on December 1.

Most of the new projects that issue Ethereum-based ERC-20 tokens are conducting token sales through MISO of SushiSwap or Copper using Balancer Protocol. Recently, the biggest concern of new projects is often focused on how to distribute tokens evenly and fairly to how many people rather than “how much money will be invested”.

The token distribution model has been continuously evolving since Bitcoin was released, and balancing the incentives between the project and token holders is the key to the project. It is becoming a key factor in success.

Metaverse DAO, Guild DAO, including Yield Guild Games (YGG), where the token sale ended in a few seconds at MISO, and GuildFi, which broke the starting price set at the highest price with the start of the token sale.

Merit Circle is a decentralized autonomous organization (DAO) focused on the development of the P2E (play-to-one) economy, which has recently become a huge trend. It serves to connect capital (investors), experts (platforms and managers), and players (gamers) with the goal of maximizing the generation of value in various games that exist within the huge metaverse.

The Merit Circle DAO, which consists of a subDAO where decisions are made by various games and a mainDAO that manages numerous subDAOs, is operated through a governance token called MC. Merit Circle DAO consists of platforms where players can earn money through games in a P2E model, with a focus on quality rather than quantity, carefully selecting and partnering with the best game projects.

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Currently, Axie Infinity and Vulcan Forged are running, and in the future we plan to support various games such as Nyan Heroes, Cyball, Sipher, UFO Gaming, Hash Rush, Illuvium, Genopet, Star Atlas and more. The above projects have already entered into a partnership with Merit Circle, and as part of the partnership, the acquisition of tokens and NFT assets of each project from Merit Circle has been completed.

Merit Circle has raised $4.5 million in investment from famous VCs such as DeFiance, Mechanism Capital, Spartan Group, and DCG in the seed round, and Yield Guild Games is participating as an investor and partner. So far, quite a few individual investors have referenced the portfolio of the Animocha brand and YGG when deciding whether to invest in a game project.

Although there are many overlapping projects in various portfolios such as Guild of Guardians, Gods Unchained, and Illubium, which have already become famous through Coinlist and Immutable X, there are many projects that are partnered with Merit Circle among relatively unknown projects.

Posted Using LeoFinance Beta



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