The latest play-to-earn (P2E) games platform, Meta Masters Guild, has raised $200,000 from eager investors just four days after its presale began.
The project styles itself a guild and its mission is to become the go-to ecosystem for mobile-centric play to earn games.
Interest in crypto gaming continues to grow as the decentralizing power of the technology is an excellent fit for gamers looking to take ownership of their in-game assets and game developers to monetize their work.
Analysts predict Meta Masters Guild to be the fastest-growing play-to-earn cryptocurrency this year with 10x potential.
Buy MEMAG in the next 5 days to get a paper return of 42% when stage 2 of presale starts
The $MEMAG coin is in the 1st stage of a seven-stage presale. The token can currently be bought for $0.007 before the price jumps when the 1st stage target of $490,000 is reached.
In stage 2 the price is $0.01, which represents a 42.8% uplift on the existing stage 1 price.
There are seven stages in the presale altogether and the hard cap is set at $4,970,000.
At the current run rate, MEMAG could enter stage 2 early next week, so there’s no time to lose to catch the lowest price.
Meta Masters Guild is an ambitious project that is looking to attract indie game development studios and indie developers to its platform – Gamearound is the first of those.
Meta Masters Guild’s first games partner is no fly by night. The Gamearound games studio recently developed a game for fashion retailer Boohoo, a company with revenues of more than $1 billion.
1st game – Meta Kart – by Gamearound is at advanced stage of development
The project has three games in the works, one of which, Meta Kart, is at an advanced development stage.
Because Meta Masters Guild is not trying to compete with AAA games, where games can cost tens of millions of dollars to develop, the fundraise will provide more than enough resources to realize its business plan.
Meta Masters Guild aims to attract a substantial audience for its games among the large and swelling band of casual game players found on mobile. Racing games are particularly popular.
To get started with Meta Kart, choose your favorite drivers and karts and then battle it out in one of the many fun-packed racing tracks.
Meta Kart is free to play and incorporates a variety of play-and-earn features.
There’s a choice of going solo in arcade mode or testing your skills in high-stakes PVP (player vs player) competitions.
Players use either Gems or MEMAG tokens to buy and upgrade their drivers and karts available in the Meta Masters Guild Store.
You can also play-and-earn in arcade mode to win rare NFTs. Meta Masters Guild NFTs are in-game playable characters once purchased and are rendered in 3D.
Meta Masters Guild has another two games in the works
The platform has another two games, both at the concept stage. Meta Masters World is a build, explore, and conquer mobile game created by Gamearound.
Players can win or purchase land and playable characters from the NFT Store.
Meta Masters World will be free to play, but also incorporate a variety of play-and-earn features, centering around skill-based tasks.
Players can explore Meta Masters World and complete in-game quests to play-and-earn. They can also buy land by choosing from an array of building constructions to help level up their NFTs.
The third game, also at the concept stage, is Raid NFT. The team will provide more details at a later date.
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Where MEMAG token fits in the Meta Masters Guild ecosystem
All the games on the platform use the $MEMAG token, which will be easily convertible with the in-game rewards currency called Gems.
Gems are off-chain assets, which means they do not reside on a blockchain and therefore are not strictly cryptocurrency tokens.
But it is this off-chain feature which means that Meta Masters Guild is a App Store friendly product that can be approved by the Apple and Google app stores.
For those who prefer to steer clear of app stores, there will also be a browser-based version of its games.
Meta Masters Guild – a new leader in play to earn gaming
Meta Masters Guild is very different from the likes of Yield Guild Games, which began life as a scholarship program for Axie Infinity.
Meta Masters Guild takes a more sustainable approach by creating crypto games that are actually fun to play.
Through this concentration on gameplay engagement that means players become invested because of enjoyment as opposed to boring game mechanics that emphasizes ‘earn’ over ‘play’, Meta Masters Guild will ultimately be likely to be more successful.
Put succinctly Meta Masters Guild wants to displace play to earn with play and earn. In other words its games are all about fun and enjoyment, which is why there will be a free-to-play option as well as a P2E.
This approach will mean players who invest their time in playing the games they love can realize value from their endeavors in a way not possible with legacy games.
Gaming continues to grow in popularity
Data from Statista shows that total revenue in the racing games segment was $2.68 billion last year.
If Meta Masters Guild is able to take just 1% of those revenues, it would be generating a turnover of $26 million.
And of course the gaming industry represents a growing pie in which crypto’s influence should help to expand revenues and earnings – Meta Masters Guild plans to be at the forefront of that shift.
However, the difference with Meta Masters Guild over its legacy competitors like Zynga and others, is that by design it enables players to take a share of earnings
Meta Masters Guild could ride high in coming bull market
The mobile gaming sector ran up revenues of $77.2 billion in 2020, according to Newzoo Research.
Web3 decentralization has the potential to thoroughly disrupt the value dynamics of the gaming industry in a way that puts the players at the center of the action in every way.
Also, according to a recent Dapp Radar report, blockchain gaming accounted for around half of all dApp active wallets, which suggests that it is probably the strongest area of the crypto market.
As such, the possible end of the bear market that crypto may currently be witnessing, will likely see gaming projects such as Meta Masters Guild take the lead.
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