Crypto gaming guilds began as a solution to solving the barrier to entry
issue with the play-to-earn game Axie Infinity. To start playing, you need
to have three Axies, which can cost a few thousand dollars. A good Axie team
with high chances of winning may cost more than $10,000 to start.
For many aspiring players, that’s a tremendous amount of capital. So, Gabby
Dizon, the visionary who later co-founded the now-established Yield Guild
Games, stepped in to offer a solution.
Dizon saw the gaining popularity of Axie Infinity in the Philippines as well
as the high cost of entering the game. He soon decided to lend out his
Axies. Renting out of Axies is now known as “Axie scholarships.” The
“rental” income would then be shared between scholars, community managers,
and the guild.
Soon, others embraced the model and created their own crypto gaming guilds.