Meta Masters Guild: The Future of Play-to-Earn Gaming
Meta Masters Guild is a mobile-based gaming ecosystem that continues to gain popularity thanks to its play-to-earn (P2E) model. The guild is currently expanding its ecosystem, following a successful presale that raised $4.97 million. Its plan is to become the biggest mobile gaming guild in Web3, and it is well on its way to achieving that goal.
The guild has made several developments recently, including relaunching its NFT store, introducing token staking and burning features, and launching its own native token. In this article, we will explore these developments further and what they mean for the future of the guild.
Relaunching the NFT Store
The NFT store is an integral part of the Meta Masters Guild ecosystem, as it allows players to purchase NFTs to be used in its gaming ecosystem. The store recently underwent an upgrade that improved the user experience, and it now features new Meta Kart Racers Gold and Platinum standard NFTs.
These NFTs are fully upgradeable, and a player’s base level stats can be increased by playing the game and improving their skills. The NFTs use the ERC 721 standard, which allows the NFT metadata to upgrade as a player continues to play the game.
The rarity of the NFTs determines their base level stats, with the Platinum NFTs costing more but starting with a higher level of stats. In the Meta Kart Racers game, the NFTs are for both players and characters. The stats for characters include strength, agility, defense, range, and attacks, while the stats for the karts include acceleration, top speed, steering, braking, and strength.
Token Staking and Burning Features
Meta Masters Guild recently introduced a token staking feature, which allows MEMAG holders to lock their tokens away in exchange for a high annual percentage yield (APY). There are currently three staking pools to choose from, with one offering an incredible APY of 75% for a short period of time.
One downside of introducing the staking mechanism is that it might cause a shortage of tokens to purchase on the open market. However, the guild has also introduced a token-burning feature, which removes tokens from the circulating supply and makes the remaining tokens rarer.
The Meta Masters Guild team plans to burn 150 million tokens during the burning period, at a rate of 50 million tokens every fortnight until the total amount is reached. The tokens being burnt are taken from the tokens previously reserved for Ecosystem Growth and Marketplace development.
What’s Coming Next?
The Meta Masters Guild ecosystem has several developments planned for the coming months, including the release of the first P2E game, Meta Kart Racers, and the launch of a marketplace in Q3. The marketplace will allow players to sell their NFTs to others, and by that time, players will have had time to improve the stats on their NFTs, allowing them to sell them at higher prices.
Furthermore, Meta Masters Guild also intends to introduce an NFT staking platform in Q4 2023. The platform will allow all NFT owners to earn a yield by renting out their NFTs to other players to play with.
The Meta Masters Guild ecosystem is well on its way to becoming the biggest P2E ecosystem in 2023 and the largest mobile-based gaming guild in Web3. With the relaunch of its NFT store, its token staking and burning mechanisms, and the upcoming release of its first P2E game, the guild is creating a bright future for itself and its followers. As long as the guild continues to innovate and develop its ecosystem, it will undoubtedly achieve its goal of becoming the largest mobile gaming guild in Web3.