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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 …

Axie Infinity virtual land plot sells for a record $2.4 million

advertisement A virtual land plot in the Axie Infinity NFT game sold for a record price of 550 ether (about $2.4 million) on Wednesday. The plot is part of the “Genesis” land type, which Axie Infinity describes as “extremely rare.” Genesis land is located in the center of the Axie Infinity map and is capped at 220 plots. The seller of the plot goes by “ArcaChemist,” and the buyer goes by “Lunacian #789512.” There are different types of land in …

‘NFT’ named top word of the year by the dictionary publisher Collins

advertisement Collins, a dictionary publisher founded in 1824 recording over 4.5 billion words, named “NFT,” or ‘non-fungible token,’ as the top word of the for 2021.   “It’s certainly a buzzword we’ve heard over and over again in the past 12 months, in breathless news reports and on social media,” the publisher wrote in a Wednesday blog post, describing it as the intersection between internet and money.  As The Block’s data shows, interest in NFTs exploded in 2021. NFT transaction volume …