Crypto VCs Are Making a Big Bet on Gaming Guilds. Why?

Crypto VCs Are Making a Big Bet on Gaming Guilds. Why?
Whether it is Yield Guild Games’ $22.4 million in funding or GuildFi’s $6 million seed round, big-name crypto venture funds Andreessen Horowitz (a16z), DeFiance Capital and Pantera Capital are looking beyond crypto games themselves to the co-ops of the metaverse.Game guilds provide gamers with the necessary funds and tools to experience a growing roster of “play-to-earn” titles – all in exchange for a cut of players’ earnings. Here’s an example: Because buying an axie on the popular crypto game Axie Infinity can be quite expensive, some guild users are willing to put some of their earnings toward renting in-game assets…