Moonstake to Establish Moonstake Gaming Guild (MSGG) to Enter GameFi Business
SINGAPORE, Mar 15, 2022 - (ACN Newswire) - Moonstake today announces the formation of the Moonstake Gaming Guild (MSGG) as the staking provider makes its full-scale entry into the GameFi market.
GameFi is a term combining the words "Game" and "Finance", referring to games where you can earn from playing. Specifically, in-game currency, tokens, characters, and items backed by blockchain technology can be bought and sold by players on crypto asset exchanges and marketplaces. GameFi is a market that has been growing rapidly, led by the "Axie Infinity" GameFi project which has been especially popular in Southeast Asia since 2021. The GameFi domain is expected to exceed $68 billion* and is attracting widespread attention even outside of the crypto asset industry.
GameFi is creating new businesses with its innovative model and Moonstake will help create new jobs by establishing and operating gaming guilds. We will provide gaming know-how and lend strong characters and weapons through the global connections promoted by Moonstake. Moonstake hopes to address one of the major goals of the SDGs, "End Poverty," via the creation of new jobs.
*What is a Gaming Guild?
Gaming Guild is a community for matching investors and practitioners. Investors can purchase NFTs and loan them to practitioners aka game players who use the NFT to play. Investors and practitioners will share the revenue generated by playing. The guild operator matches game players with investors and provides them with the necessary NFT assets, tools, and know-how to share a portion of the revenue earned in the game.
Why are guilds attracting attention?
Token holders, who currently hold crypto assets as investors, provide assets to the guild for players to purchase NFTs for use in their games. The guild then uses those NFTs to allow players to participate in the game. Players, many of whom have never been exposed to crypto assets, are currently generating revenue as the community of GameFi players expands in the Philippines and other Southeast Asian countries. In this way, the creation of a new revenue model through GameFi has already been creating numerous new jobs and helping to build players' economic power.
MSGG is currently recruiting game users through the scholarship program of JobTribes, a Play to Earn game that is being developed by Singapore-based GameFi platform DEA.
Moonstake plans to use JobTribes as a foothold to connect to a variety of GameFi projects and will work to create new employment opportunities primarily in Southeast Asia.
Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1.5 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Since last March, Moonstake has also entered DeFi with its newly launched DeFi platform, Muse.Finance, which has released a core DeFi product that will be integrated into Moonstake to offer users worldwide Advanced DeFi connectivity.
Mitsuru Tezuka, Founder of Moonstake, says: "We are very pleased to be able to explore new areas of business for Moonstake via the MoonstakeGamingGuild. With so many people still looking for work around the world, GameFi, a new and exciting industry which creates jobs for many people, has always been one of the things I wanted to challenge myself with. I have been fortunate to have a great opportunity to create and operate guilds at JobTribes, and I hope to use this opportunity to discover the various possibilities of GameFi that can synergize with Moonstake to bring even more value to users worldwide."
About Moonstake
Moonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.
Since its launch in April 2020, Moonstake has partnered with 28 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.
Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools.
About Moonstake's staking business
For the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 16 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year. https://www.moonstake.io/
Citation*. https://bit.ly/3tboifb
Source: Moonstake Sectors: Crypto, Exchange
Copyright ©2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Release
 DENSO Announces Organizational and Executive Changes Dec 04, 2023 18:12 JST
|  All-New Triton Earns Top Rating in 2023 ASEAN NCAP Dec 04, 2023 17:07 JST
|  Fujitsu and KDDI Research successfully implement large-capacity multiband wavelength multiplexing transmission with installed optical fiber Dec 04, 2023 10:34 JST
|  GC Collaborates with MHI to explore the utilization of hydrogen, ammonia and CCS technology to develop a large-scale petrochemical plant to achieve Net Zero Dec 01, 2023 17:22 JST
|  NEC named among IAM's 2023 Asia IP Elite Dec 01, 2023 14:50 JST
|  Eisai's Sales Subsidiary Collaborates with Ministry of Public Health (MOPH) in Thailand Nov 30, 2023 16:25 JST
|  Boosting Growth Investment to Power Mobility Company Transformation Toyota-DENSO Capital Ties Revised Nov 30, 2023 16:17 JST
|  Olympus's Net-Zero Targets Approved by SBTi Nov 30, 2023 11:00 JST
|  Fujitsu and Macquarie University establish new research lab to accelerate development of human sensing and generative AI technologies Nov 30, 2023 09:34 JST
|  NEC X and Entrepreneurs Roundtable Accelerator (ERA) Forge Strategic Partnership to Advance East Coast-based Startups Nov 29, 2023 18:37 JST
|  MHI Selected as Core Company for New Research Reactor for JAEA Nov 29, 2023 18:22 JST
|  Toyota: Sales, Production, and Export Results for October 2023 Nov 29, 2023 16:17 JST
|  Toyota Re-introduces the Land Cruiser "70" in Japan Nov 29, 2023 13:30 JST
|  Mitsubishi Shipbuilding Holds Christening and Handover Ceremony in Shimonoseki for Demonstration Test Ship for Liquefied CO2 Transport Nov 28, 2023 17:47 JST
|  Hitachi awarded Sustainable Markets Initiative 2023 Terra Carta Seal Nov 28, 2023 17:43 JST
|  MHI Succeeded Combustion Test of Ammonia Single-Fuel Burners Nov 28, 2023 16:40 JST
|  JCB partners with FrenchSys to boost card acceptance across France Nov 28, 2023 12:00 JST
|  Toyota Launches IMV 0 in Thailand Providing Mobility to Make People's Lives Better through Customizability Nov 27, 2023 17:30 JST
|  MHI and Orica Announce Collaboration to Explore Emissions Reduction Opportunities Nov 27, 2023 15:29 JST
|  Mitsubishi Motors to Launch the New Minicab EV Electric Commercial Vehicle in Japan in December Nov 24, 2023 16:32 JST
|
More Latest Release >>
|