Why Blockchain Space?
Blockchain Space has the potential to become the de-facto operating system for Guilds. Every guild, no matter how large or small, needs a way of managing its scholars. It needs to keep track of digital assets, revenues, player performance and payrolls. Blockchain Space is building those tools to enable guild managers to efficiently and effectively run their businesses. It is a product that the guild manager will be logging into every single day — in short, it is the system of truth.
An operating system is basically something that runs the guilds. We expect that such tools will enjoy very high utilization; guild owners and managers will be using the product every day. And this is incredibly important as it will allow BlockChain Space to accrue value over time, by adding other things into that operating system.
So what does that mean? If you are a guild manager, you may need capital to expand your business. Of course, the guild manager could try discussing that with his local bank manager, but I imagine that would be a very uphill battle. Now, BlockChain Space, on the other hand, is in a great position to facilitate all sorts of financial products. They have free distribution into thousands of guilds and already have access to all of the underlying operating data to make informed credit decisions.
BlockChain Space understands the new economy around Guilds and has produced a solution that is highly specific to the needs of the community. This has enabled them to already acquire customers at a rapid clip, with over 2,600 guilds already using some tools. We think that traditional business operating systems like Salesforce or Workday would have a hard time replicating those specific requirements or acquiring customers. In short, BlockChain Space has a solid first mover advantage and is likely to see very high user retention.
In the longer run, the Guild Management Software is really just a Trojan horse into the rapidly growing Guild economy and the real value is likely to accrue from embedded financial services. BlockChain Space is also a FinTech play. Payroll and payments will be first, but over time, why wouldn’t they be able to offer checking accounts, or insurance products, credit cards or payday loans to thousands of guilds and their hundreds of thousands of scholars. "Hey, you are low on money today, why not play Axie today? We will double your rewards." They will be able to underwrite these financial services better and more efficiently because they have more data about the guild and members than anyone else. Talk about real customer ownership.
What are Play-to-earn Games?
What are Guilds?
What does BlockChain Space do?
As far as we see it, BlockChain Space has the potential to be the de-facto operating system for Guilds. So far, they have developed tools, or are close to delivering solutions, that will help all Guild operators to run their businesses more effectively.
The key products and services include:
Tokenomics — the $Guild Token
$GUILD is Blockchain Space’s native ecosystem token that will be used for community governance as well as a utility for transactions carried out by Gamers, Guilds, Game Titles and Investors.
$Guild will be the required currency for purchasing software services through BlockChain Space, gaining access to tournaments, advertising, and for investment into guilds.
Value will largely accrue to the ecosystem from commissions on financial transactions — payroll payments, loans, fees on deals between guilds or investors — in addition to accessing the software services.
Team & Investors
Seed Round — $ 3.75m investment round led by 3Commas Capital, Animoca Brands, Spartan Group, Infinity Ventures Crypto and others. The round also attracted leading angel investors and advisors, including Aleksander Larsen (Axie), Gabby Dizon (YGG).
Strategic Round — $ 2.4m round led by Morningstar Ventures, Crypto.com, Alameda Research and others.
Blockchain Space has also partnered with some of the largest Guilds to integrate the tools into their platforms: Merit Circle, MetaSports, Unix Gaming and Yield Guild Games.