Blockchain gaming guilds amassed treasuries worth billions last cycle. But how did they pivot to set themselves up for the 2024 bull run?
Gaming guilds amassed huge treasuries during last cycles Axie Infinity-inspired blockchain gaming bull run. But how did they survive the grinding bear market and pivot their treasuries to set themselves up for the bull market?
And more importantly, which one is in pole position to take advantage of the big opportunties expected this year?
Gaming guilds organized groups of sponsored gamers were the hot Web3 business model of 2021. They emerged because popular blockchain games, most notably Axie Infinity, required expensive NFTs to play, and scholarships enabled gamers to access resources to learn and to play through the gaming guild.
Valued as cash cows in 2021, gaming guilds were a customer acquisition masterstroke, on-boarding players from developing countries reeling from unemployment due to Covid lockdowns.
