Ancient8 Joins Magic Eden to Boost PlayToEarn in Asia

Two giants from the blockchain gaming industry join forces to accelerate GameFi in Vietnam – a developing country experiencing a profound digital transformation.

Top Guild x Top NFT Marketplace

Ancient8—the most prominent gaming guild in Vietnam—partnered with Magic Eden to boost Web3 games on Solana

The gaming guild announced the partnership with the leading Non-Fungible Token (NFT) marketplace on May 2 via Twitter. On a mission to democratize social and financial access in the metaverse, Ancient8 offers GameFi scholarships and education to Vietnamese players. But to make Vietnam the largest blockchain gaming hub in the region, strong strategic alliances are also required. 

“Magic Eden’s enormous growth excites us, and with this dual-pronged partnership, NFTs will be more accessible to users in the ecosystem. This can only benefit everyone as this will increase demand and bolster the liquidity of NFTs,” shared Ancient8’s Head of Strategic Partnerships, Sam Hoang, on their blog

Source

Magic Eden launched Eden Games in March, a content hub that aggregates Solana-based gaming projects and lets them communicate more effectively with players around the globe. Around the same time, the marketplace announced $27 million in Series A funding to focus on the blockchain gaming sector. 

Across the table, Ancient8 raised $4 million in seed funding from leading VC firms—including Coinbase Ventures and Pantera—in January. Paul Veradittakit, Partner at Pantera, said the following:

“Vietnam is one of the most exciting and fast-growing markets in the world today for blockchain adoption. Local communities are realizing the potential impact of this emerging financial system and in particular, the opportunities in play-to-earn gaming. Ancient8 has built an incredible gateway for the play-to-earn ecosystem as Vietnam’s largest blockchain gaming guild and we’re excited to partner with them.”

While blockchain games empower players and are the reason guilds exist, guilds provide the necessary infrastructure that connects players with PlayToEarn (P2E) economies, especially in emerging countries. Both games and individual players have much to gain from each other. Partnerships like these, if implemented efficiently, can bridge the two parts and encourage widespread adoption.

What are Gaming Guilds:

Guilds are online communities like Decentralized Autonomous Organizations (DAOs), often formed by tech companies or esports organizations. They let members contribute and be rewarded in P2E games. They have a profit-sharing model: guilds invest in NFTs and rent them to players who start earning without investing money up-front.

What is Ancient8:

Ancient8 is building a Decentralized Autonomous Organization (DAO) and infrastructure layer for GameFi, focusing on community and software platforms. As Vietnam’s biggest gaming guild, Ancient8 enables everyone to build and play in the Metaverse through scholarship, education, community, institutional-grade research, and blockchain software products. The guild is backed by leading investors, including Dragonfly, Pantera, Coinbase, Alameda, Jump, and Animoca.

Where to find Ancient8:

Website | Twitter

What is Magic Eden:

Magic Eden is the leading NFT platform on Solana. It facilitates the buying, selling, and minting of NFTs and holds over 90% market share for secondary trading volume on Solana.

Where to find Magic Eden:

Website | Twitter

Source : web3wire.news

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