Source : coinquora.com
- Edensol plans to utilize guilds to attract more investor interest.
- The biggest NFT guilds have a market cap of over $500 million.
- Meanwhile, the NFT gaming market continues to boom.
Edensol plans to leverage the Guild trend in NFT gaming. Guilds are currently considered the future of play-to-earn (P2E) and attract enormous investor interest. Thus, investors are keeping their eye on a few gaming guilds at large in the market.
Firstly, Yield Guild Games – the largest gaming guild currently – with a market cap of $650 million. It boasts 4,700 gamers that use the guild’s NFT assets. In August 2021, Yield Guild Games raised $4.6 million to invest in NFT in-game assets and to expand its community.
Secondly, Animoca Brands – best known as the parent company of The Sandbox. Animoca Brands announced that it would invest up to $30 million in a Guild Accelerator Program to expand the P2E ecosystem internationally.
Thirdly, there is Ancient8, Vietnam’s largest gaming guild. Ancient8 raised $4 million in January 2022 to democratize access to NFT gaming.
Edensol is aiming to utilize the concept of guilds to help in creating one of the largest NFT land metaverses. The Edensol guilds will stake NSOL tokens to occupy land and fight for rare NFTs. Every guild can then form its own virtual state within the Edensol World, fighting against other guilds in tournaments for valuable NFTs.
The successful guilds will end up in a cycle and gameplay loop. This involves the building of NFT land holdings, generating income in NSOL tokens, and staking the tokens to invade the land of rival guilds. In the end, the most dedicated players benefit in using guilds to create a virtual land empire – the value underpinned by the scarcity of NFT land.
Meanwhile, the NFT gaming market has been booming recently. The prices of NFT land plots are estimated to have risen by 400% – 500% on average between September 2021 and January 2022. Likewise, on February 20th, Axie Infinity announced that it surpassed $4 billion in all-time NFT sales.
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