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Play-to-Earn gaming guilds

November 26, 2021, 9:58AM EST • 17 min read Quick Take The play-to-earn (P2E) model reshapes the gaming industry by transforming the conventional one-way interaction between players and the game into a two-way relationship. The proliferation of P2E guilds is paving the way for the eSports industry’s future landscape. Also known as GameFi DAO, they increasingly serve as entry points for players to the metaverse, including the DeFi industry. As P2E games and guilds grow, we will see a greater …

Blockchain gaming guild Avocado raises $18 million

Avocado Guild, a blockchain gaming startup similar to a16z-backed Yield Guild Games, has raised $18 million in a Series A funding round. Animoca Brands and QCP Soteria Node (QSN) co-led the round, with Solana Ventures, Three Arrows Capital, Polygon Studios, and others participating. The round brings just the six-month-old Avocado Guild’s valuation to $200 million. This is the startup’s first fundraise, and it is an equity round, its founder and CEO Brendan Wong told The Block. But the investors will …