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GameFi has become the fastest-growing trend in Web3, with various earning models that attract game fanatics. The Meta Masters Guild has made a name for itself as a play-to-earn ecosystem that features blockchain-integrated play and earn (P&E) mobile games, a digital assets marketplace to acquire or trade in-game assets, and a gameplay that provides engagement and profit to players.
Read on to understand the transformation of Meta Masters Guild (MEMAGX) into an all-in-one web3 gaming ecosystem, including upcoming releases, successful projects, the potential of blockchain gaming, the guild’s progress so far, and its future roadmap.
Information about the release of Meta Kart Racers
MEMAGX started releasing the first set of games in 2023; the list comprised Meta Kart Racers, Meta Masters World, and Raid NFT.
As the name suggests, Meta Kart Racers is a player-vs-player (PVP) racing game by UK-based Gamearound that targets mobile players. According to official announcements, the game was developed over a five-month sprint, with the lite version becoming playable in July 2023. Keep an eye out for recent official announcements like this one on the Meta Masters Guild Games Telegram channel.
Meta Kart Racers on IOS and Android features the Meta Kart Championship, where players battle each other as they escape the evil overlord. The gamers also earn GEMs for their track performance. The only steps for players are selecting a driver, a suitable kart, and racing against other gamers.
Meta Masters Guild Games Successful Crypto Games Projects
Raid NFT
Raid NFT is an immersive fighting game where players take turns to battle each other in a hostile virtual space. The goal is to accumulate GEMS tokens and collect in-game digital collectibles by completing tasks throughout the game.
Meta Masters World
Meta Masters World is an open metaverse game for members of the MEMAGX guild to explore the virtual world, participate in tournaments, and collect resources.
Alongside these games, the guild has also partnered with prominent third-party developers and studios to build games for the Meta Masters World metaverse ecosystem.
Detailed Look at Meta Kart Racers, Features, and In-Game Assets
Meta Kart Racers is a free-to-play (F2P) and P&E fantasy game that allows players to choose their favorite driver and kart, compete in thrilling races in the Meta Masters World, where they earn XP points and collect tournament rewards.
Features
1. Solo Challenges
Solo challenges are for players who prefer competing against the computer on Meta Kart Racers. In this mode, players still have access to all types of tournament races; they can earn the utility token that powers the game, the $MEMAG, and switch to play in arcade mode, where they get a unique chance to collect rare non-fungible tokens (NFTs).
2. PVP Competitions
Player vs Player (PVP) is for gamers who prefer intense competitions against other players. This mode is easy or challenging depending on who you are racing against since some players could be newbies or even old hands who have sharpened their racing skills for a while. All the same, the PVP mode allows you to accumulate XP points, collect tournament prizes, and earn MEMAGX tokens.
3. Play and Earn
Meta Masters Guild Games went for the play-and-earn (P&E) model instead of P2E because the former faced a persistent lack of sustainable game mechanics to keep players hooked long-term. For instance, P2E players rushed to play these games and cash out, making them bored in the long run. As such, MEMAGX opted for the P&E model so that players can focus on playing and enjoyment while still collecting in-game assets and cashing out.
The Potential of Blockchain Gaming
Blockchain gaming demonstrated its position in the industry by capturing a significant market share of 30% and approximately 2.1 million daily active users in the first quarter of 2024.
When decentralized gaming started gaining traction two years ago, blockchain games accounted for over half of all cryptocurrency transactions. These statistics demonstrate that gaming has become one of the fastest-growing niches in the blockchain sector, leading the way for decentralized finance and non-fungible tokens.
Success Metrics of MEMAGX
The Meta Masters Guild Games officially listed the $MEMAG token on leading decentralized exchange Uniswap and various other top-tier centralized exchanges Uniswap, XT.com, and BitMart.
Features that attracted gamers and investors to purchase the token included favorable gameplay mechanics, diverse staking pools offering up to 75% APY returns, and a burn mechanism. According to the guild’s official website, the team would burn 150 million $MEMAG tokens.
MEMAG staking pools included the first one, which entailed a 7-day lockup with a staggering 75% APY. The second and third pools had a 30-day and 90-day lockup period, respectively, providing staking rewards of up to 7.5% and 15% APY.
Roadmap/Future Development Plans
For a roadmap dating all the way back to 2022, a lot of progress has already happened. Hence, we will provide what to expect from Meta Masters Guild Games in Q3 and Q4 of 2024 :
Q3
– Game Season Model
Introduction of a game season model featuring a tier system for rewarding players. This model will encourage players to continue playing, completing tasks, and qualifying for subsequent seasons.
– Customizable Skins and New Features
Introduce customizable skins and make them available as rewards or for marketplace purchases. In addition, the game plans to bring in new race karts, tracks, characters, and new features to elevate the player’s experience.
– Regular Updates
Furthermore, the team will regularly adopt new updates to continue engaging players and adapting to their changing needs.
– New Marketing Channels
In Q3, MEMAGX will also adopt new promotion and marketing channels to reach wider audiences.
Q4
– New Karts
At the start of Q4 2024, MEMAGX will introduce new karts and implement a system where players can upgrade or modify their karts. At the same time, the game will start providing players with more customization options.
– Boost Marketing Campaign
Introduce new marketing campaigns and promotional strategies that will sustain user acquisition in the long term.
– Elevate Community Engagement
Explore strategies and features to keep the fanbase more engaged, captivated, and stable.
– Explore New Partnerships
MEMAGX also hopes to begin exploring partnerships with other gaming studios, influencers, and development companies in Q4 2024.
Conclusion
Solid gaming culture in Web3 could help drive the adoption of cryptocurrencies across the world, given the new wave of GameFi that’s attracting both crypto natives and non-crypto natives. Meta Masters Guild Games has fashioned its virtual environment and gameplay mechanics to appeal to users of all skill levels. They can also cash out rewards or trade their digital collectibles on a secondary NFT marketplace as they enjoy the game.
Community
– Twitter: https://twitter.com/MEMAGgames
– Telegram:https://t.me/+-FDfGBG09VBjNmI0
Disclaimer: This article is for information purposes only and does not provide any financial, investment, or other addvise. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
