“Teach someone to fish, and you’ll feed them for a lifetime.”
The revolution of play-to-earn gives us, as players, the ability to make a living playing games. Guilds provide scholarships to new players as a profit-sharing model, where the guild invests in NFT assets and rents them to new players so they can start playing and earning in-game without having to invest money up-front. The scholarship program is a way for players who are new to blockchain gaming to experience the rewards of play-to-earn games without the complexities and costs of today’s web3 gaming. In addition, play-to-earn gaming guilds give guidance, friendship, and support in developing the best skills and practices needed for success.
So, suppose you’re a new player, and you love the RPG aspect of Genopets, your steps are taking you places in-game and your Genopet is starting to evolve, but you want to try crafting and selling in-game NFTs to increase your earning potential. Well, you’ll need a Habitat to unlock the full experience of crafting and trading NFTs, plus you’ll earn KI for all the steps you take in-game too.
Habitats can be purchased in the marketplace, but if the price is out of your reach, you can also acquire a habitat by joining a guild. As a scholar in a guild you can accelerate your learning, earning, and crafting of NFTs to feed the game economy and provide your fellow Genovians with the items they need to upgrade their Genopets and enhance their gameplay.
Yield Guild Games’ mission is to onboard millions of players from around the world into the play-to-earn revolution to bring the benefits of blockchain technology to the masses. They aim to create value in the play-to-earn ecosystem for their guild members to thrive in the Metaverse. And that’s exactly why we’re so proud to announce that today, YGG is partnering with and investing in Genopets to join the mission of expanding the impact of play-to-earn gaming to prospective scholars worldwide. YGG has invested in the Genopets Private Sale round and will be minting the first-ever YGG brand Habitat NFTs to provide their Scholars with a head-start in the Genoverse.
“Genopets is offering a different kind of gaming experience to YGG’s growing community, that will allow our guild members to move while they play and earn. The team behind Genopets has a deep understanding of the scholarship model, which is a critical pathway for onboarding many new players, so we’re particularly excited about the built-in Habitat leasing system which has been designed to deliver efficiency in scholarship management,” said Gabby Dizon, co-founder of YGG.
Genopets’ coined Move-to-Earn model creates a direct connection between a Scholar’s real life and the rewards they earn in-game. And thus, scholars create value in the virtual world by staying active in their daily lives.
Move-To-Earn Turns In-Game Grinding into Real-World Rewards
In the Genoverse, there are three different roles you can play in order to earn.
- Collector — Collectors may play Genopets with the purpose of creating the coolest Genopet you’ve ever seen while crafting and hunting for rare NFTs to hold and then later trade in the open marketplace.
- Merchant — Merchants may purchase, create and terraform the most mystifying habitats to farm and refine rare and valuable crystals to regularly trade on the open marketplace.
- Landlord — Landlords may purchase habitats for the purpose of leasing them to other players to get a steady flow of resources.
Built for Guilds
“People help people who help themselves.”
Genopets’ free-to-play model is made possible by our innovative Dual Earning Economy, which affords players a frictionless gameplay experience. Simply download their app, mint your infant Genopet NFT, and start playing Genopets for free.
However, in order for there to be a sustainable play-to-earn economy in the game, there must be a net inflow of cash. For this reason, most play-to-earn games today have gated playing the game with the acquisition of NFT assets.
To produce Refined Crystals and other in-game Genopets NFTs, you need a Habitat. The higher the Habitat level, the higher the crystal production, and the more crystals you can create, the more NFTs you can sell. Thus, higher-level Habitats are more valuable, and therefore, more expensive than lower-level habitats. And since Habitats need to be purchased, and we want to keep Genopets as accessible as possible, guilds are pivotal in that they help players earn by offsetting their upfront cost of buying a high-level Habitat.
Here are three ways that Genopets is revolutionizing the play-to-earn for guilds:
- Asset Management — The built-in Habitat leasing system streamlines the inefficiencies of manual tracking, asset settlement, and the transferring of NFTs between scholars.
- Recruitment — Using the free-to-play model facilitates a pool of potential scholars for guilds to recruit. Guilds can measure scholars’ skills and commitment to the game by comparing their progression to the amount of XP that free players are earning. An example of this, outside of blockchain gaming, is Esports teams recruiting players based on a traditional video game leaderboard.
- Education — As a mobile app with a seamless user experience that abstracts the web3 complications from the end user, Genopets removes the barriers around educating and training that make adoption difficult for play-to-earn games.
Since at least the Middle Ages, guilds have played an essential role in our everyday lives. Throughout history, guilds are known for being collectives made up of adept merchants, artisans, and creatives who learn and share trade skills. They also provide a safety umbrella of mutual aid and protection for their members, or scholars. On top of that, guilds are based upon social and economic cooperation to foster their sustainable ecosystems. And they supply their scholars with the means and opportunity to contribute to the economy and generate income in return. Fast-forward to today, and not only have guilds trickled their way into the gaming world to create a sense of belonging and direction, but they’re incredibly crucial to blockchain gaming. Furthermore, in the Genoverse, being part of a guild is a win-win situation for everyone. See you there!
Summon your Genopet and start moving to begin exploring and evolving together. Stay tuned for future updates and join the conversation in our community channels below. See you in the Genoverse!
Genopets is the first Free-to-Play, Move-to-Earn NFT game that makes it fun and rewarding to live an active lifestyle. Built on Solana, Genopets integrates your daily activity in real life with blockchain Play-to-Earn economics so you can turn your real-life actions into expansive gameplay and earn crypto while doing it.
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Public Beta Waitlist: https://genopets.me/#connect
Yield Guild Games (https://yieldguild.io/) is a decentralized gaming guild that pools investor funds to purchase yield-generating NFTs and leverages players’ time and effort to optimize the community-owned assets for maximum utility and return. By merging NFTs and decentralized finance (DeFi), YGG’s mission is to create value for its members by developing the content and economy of virtual worlds and blockchain-based games.
A short documentary released in May 2021, Play-to-Earn: NFT Gaming in the Philippines, reveals the story of a rural community that earned an income through play-to-earn gaming amid the COVID-19 pandemic. The documentary, produced as a collaboration between Yield Guild Games, Delphi Digital, and Emfarsis Consulting, demonstrates how NFTs and cryptocurrencies provide transformative economic opportunities for young and older people in developing nations where jobs are lacking, and crisis relief is limited.
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