Moonstake To Establish Moonstake Gaming Guild (MSGG) To Enter GameFi Business

Moonstake today announces the formation of the Moonstake
Gaming Guild (MSGG) as the staking provider makes its
full-scale entry into the GameFi market.

GameFi is a
term combining the words “Game” and “Finance”, referring to
games where you can earn from playing. Specifically, in-game
currency, tokens, characters, and items backed by blockchain
technology can be bought and sold by players on crypto asset
exchanges and marketplaces. GameFi is a market that has been
growing rapidly, led by the “Axie Infinity” GameFi project
which has been especially popular in Southeast Asia since
2021. The GameFi domain is expected to exceed $68 billion*
and is attracting widespread attention even outside of the
crypto asset industry.

GameFi is creating new
businesses with its innovative model and Moonstake will help
create new jobs by establishing and operating gaming guilds.
We will provide gaming know-how and lend strong characters
and weapons through the global connections promoted by
Moonstake. Moonstake hopes to address one of the major goals
of the SDGs, “End Poverty,” via the creation of new

*What is a Gaming Guild?

Gaming Guild is a
community for matching investors and practitioners.
Investors can purchase NFTs and loan them to practitioners
aka game players who use the NFT to play. Investors and
practitioners will share the revenue generated by playing.
The guild operator matches game players with investors and
provides them with the necessary NFT assets, tools, and
know-how to share a portion of the revenue earned in the

Why are guilds attracting attention?

holders, who currently hold crypto assets as investors,
provide assets to the guild for players to purchase NFTs for
use in their games. The guild then uses those NFTs to allow
players to participate in the game. Players, many of whom
have never been exposed to crypto assets, are currently
generating revenue as the community of GameFi players
expands in the Philippines and other Southeast Asian
countries. In this way, the creation of a new revenue model
through GameFi has already been creating numerous new jobs
and helping to build players’ economic power.

currently recruiting game users through the scholarship
program of JobTribes, a Play to Earn game that is being
developed by Singapore-based GameFi platform

Moonstake plans to use JobTribes as a foothold to
connect to a variety of GameFi projects and will work to
create new employment opportunities primarily in Southeast

Moonstake launched its staking business in 2020
with the aim to create the largest staking network in Asia.
Since then, it has developed the most user-friendly Web
Wallet and Mobile Wallet (iOS/Android) with support for over
2000 cryptocurrencies. After a full-scale operation launched
in August 2020, Moonstake’s total staking assets have grown
rapidly to reach $1.5 Billion, allowing Moonstake to become
one of the top 10 staking providers globally. Since last
March, Moonstake has also entered DeFi with its newly
launched DeFi platform, Muse.Finance, which has released a
core DeFi product that will be integrated into Moonstake to
offer users worldwide Advanced DeFi

Mitsuru Tezuka, Founder of Moonstake,
says: “We are very pleased to be able to explore new areas
of business for Moonstake via the MoonstakeGamingGuild. With
so many people still looking for work around the world,
GameFi, a new and exciting industry which creates jobs for
many people, has always been one of the things I wanted to
challenge myself with. I have been fortunate to have a great
opportunity to create and operate guilds at JobTribes, and I
hope to use this opportunity to discover the various
possibilities of GameFi that can synergize with Moonstake to
bring even more value to users

© Scoop Media


Author: Traciwininger

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