EM3 | GuildFi Interview: Connecting Games, NFTs, and Community to Maximize Metaverse Player Benefits

NFT, gaming, and the metaverse have become closely intertwined elements in blockchain applications. With the concept of Play-to-Earn emerging, increasingly complex and massive blockchain games are on the rise. Players are forming game guilds and embracing the concept of sharing maximum benefits, leading to the establishment of numerous decentralized organizations. The EM3 community recently invited the game guild GuildFi for an interview. The following is the content of the written interview:

Why establish GuildFi?

GuildFi: Before establishing GuildFi, the team was actively building a community in Thailand, not only by creating the largest KOL network but also managing digital assets. When the opportunity arose to support community members who love gaming, we decided to launch a guild and build our platform to ensure that community members can profit from the GameFi industry. Now, as we try to expand globally, this is the reason we established GuildFi.

The background and development progress of GuildFi members?

GuildFi: Our team has a lot of experience overall. Our co-founder Jarindr started as a full-stack engineer and later served as a senior software engineer at OMG Network. He was the head of engineering at Bitfinex and collaborated with Boba Network. We are following our roadmap, which can be viewed at whitepaper.guildfi.com.

What sets GuildFi apart from other guilds?

GuildFi: GuildFi is not just a guild; our ecosystem consists of a gaming platform and different zones. The core function of our gaming platform is to attract more users. It also serves as the gateway for players to experience the metaverse. Users of the gaming platform can enjoy many benefits to optimize their experience in the metaverse, such as double profits. Additionally, we have established three zones: the Guild zone, NFT zone, and Tools zone. The Guild zone consists of GuildFi's guilds, and like other guilds, we have a scholarship system with approximately 3,100 scholars and 20,000 people on the waiting list as of the deadline on November 25, 2021. The Guild zone also offers Guild-as-a-Service and Guild network. The NFT zone consists of Metadrop Launchpad and a marketplace. The Tools zone is an area for optimizing the gaming experience, where players can find various analytical tools and traditional gaming tools, such as forums.

GF token functions, listing plans, and revenue models

GuildFi: In the future, GF token will have more staking modes to create passive income. However, we cannot disclose more information on this at the moment. Regarding centralized exchanges, we are also unable to disclose more information currently, but we can assure token holders will be satisfied with our plans. We will generate revenue through the Guild zone, and apart from the guild's revenue, guilds connected in the Guild-as-a-Service network will also be a channel for our revenue.

Other than Ethereum and Binance Smart Chain, which other blockchains are being considered for expansion in the future?

GuildFi: We believe that issuing tokens to our community members through Copper Launch is the fairest way, which is crucial when establishing a DAO. In the future, we will expand to other chains like Avalanche and Solana.

How to join a gaming guild and current partners?

GuildFi: How the profit-sharing model for players is determined, as well as how games are selected. For scholars who have already joined, our feature is Guild Discovery, where scholars can choose which guilds they want to join, and we will provide them with information as much as possible. This is to ensure that players can join the guild that suits them best. Guild Discovery is expected to launch by the end of this year or early next year. GuildFi also has Guild-as-a-Service (GaaS) and Guild Network. GaaS is a plug-and-play model; players can bring their assets (cash or NFTs), and we will provide the rest. We have established three such guilds, with others in the incubation stage. The Guild Network is a network composed of multiple guilds, and we have many guild partnerships awaiting finalization.

How do players profit-share? How are game introductions decided?

GuildFi: Currently, the profit-sharing model for GuildFi guilds is determined by the team, but in the future, with the establishment of DAO, it may be decided by the community. Guilds in our network will decide for themselves.

Other Questions

1. GuildFi ID represents the user's footprint. If an existing game joins the GuildFi system, how will the user's existing records be handled? Will old records be merged into the GuildFi ID or recalculated after joining?

GuildFi: This is the beauty of GuildFi ID; it tracks all footprints, including old, current, and future records. This means that when a player plays a game, finds GuildFi, and joins the GuildFi community, we will synchronize the player's previous footprints to their GuildFi ID, meaning that past actions will be recorded.

2. The volatility of bear and bull markets in the cryptocurrency market is well known. How will GuildFi respond if a bear market occurs in the future?

GuildFi: This is the reason for establishing the treasury. We issued tokens in a fair distribution model, allowing us to raise funds to sustain the project during a bull market. This also gives us the opportunity to invest and build a healthy treasury with a goal of a $1 billion fund size.

3. DAO governance power is one of the functions of the GF token. However, with only 5% of tokens available through public offering, the remaining tokens will take 5 years to be fully distributed in the ecosystem. Does this mean that participants in the secondary market will have little decision-making power in the next few years? How can the public be convinced that holding GF tokens can truly participate and impact the project?

GuildFi: At the time of issuance, 8 to 10% of tokens will be in circulation, and tokens in the ecosystem will continue to be distributed. We chose to issue tokens through Copper Launch because it is the fairest model for the majority of holders, which will be verified in our official Twitter content later.

4. Investment and partnership strategies: Do you have any preferred game types or game teams?

GuildFi: We will invest in anything that people like, and we receive a lot of feedback from community members. We also have research and development teams dedicated to this area. Remember, we were founded for players, by players.

5. Will Guild, like GALA, launch its own games on the platform?

GuildFi: We may release one or two games, but we prefer to find the best games for our users rather than creating games ourselves.

6. When there is negative news about a partner of GuildFi, such as the project team running away, how will it be decided whether to terminate the partnership? Will it be voted on by DAO or decided by the project team?

GuildFi: While it is important for every member to vote in DAO, the voting process takes time, and this may expose assets put into GuildFi to more risks. How to balance risks and rewards? We will curate good projects to prevent such incidents. However, to prevent such situations, we will adopt specific protocols. The depth of DAO is still under consideration, but we will design a model that will not harm user rights.

7. How can in-game assets and guild tokens be used as collateral to borrow gaming equipment? Are there security concerns? Will there be a risk of hacking or exit scams?

GuildFi: There will be appropriate mechanisms; for more detailed information, refer to our whitepaper: whitepaper.guildfi.com. As for exit scams, we have many diligent investigators, as well as research and development teams testing games, conducting in-depth investigations into every detail.