GuildFi co-founder Jarindr Thitadilaka
GuildFi, a Thai startup that aims to create an ecosystem that connects the intricate jigsaws of the metaverse, has completed a US$6 million seed round of financing.
Singapore-based crypto-asset fund DeFiance Capital and South Korean early-stage VC firm Hashed co-led this round.
Pantera Capital, Coinbase Ventures, Alameda Research, Animoca Brands, Dapper Labs, Play Ventures, SkyVision Capital, Coin98 Ventures, and other notable investors also co-invested.
GuildFi is developing a Web3 infrastructure to connect games, NFTs, and communities to maximise players’ benefits and enable interoperability across the metaverse.
With several Web3 games being unveiled, players and enthusiasts cannot easily navigate and dabble in them. Players face high startup costs for joining new play-to-earn games, and scholarship funds are fragmented.
Furthermore, players’ efforts are siloed within a game, hampering their earning potential and defying the maximal possibilities of the metaverse.
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GuildFi envisions a future where these intricate jigsaws are interlinked into an ecosystem. The firm serves as an infrastructure to onboard, connect, and add value to players, guilds, games, and investors alike.
“We solve discovery and access challenges for players by helping them discover new games, enhance performance with gaming tools, and track their engagement. With GuildFi ID, one ID serves all players’ metaverse journeys, and their achievements are no longer limited to specific guilds or games. Instead, they contribute towards their ranks and elevate their lifetime benefits,” said co-founder Jarindr Thitadilaka.
GuildFi looks to develop new features such as:
- GuildFi ID: a metaverse ID that is embedded with a levelling system that tracks players’ achievement and footprint across the metaverse. Players receive engagement points and ranking, which translate into the rewards they deserve,
- Game discovery: it helps players discover curated games and game creators discover the right player base for their game launch,
- Proof-of-Play Rewards: it enables play-to-earn on any games by analysing your lifetime activities and giving out the right benefits to you whether it’s an allocation to an NFT campaign or a bonus yield from our tokens,
- Metadrop Launchpad: it offers a special NFT and token deal from its partners where an allocation is determined by players’ ranks.
- GameFi tools: They enhance players’ performance by providing gaming tools, for instance, the Axie Infinity toolkit that features scholarship management, daily SLP shares, PvP simulation, team status, and card explorer.
- Scholarship portal: it offers a built-in scholarship programme provided by GuildFi’s treasury and guild partners, reducing the barrier to entry for play-to-earn games and unlocking the opportunity for players anywhere in the world.
To achieve this mission, GuildFi will collaborate with game creators globally to identify and attract the right players while supporting them through in-game asset investment and campaign collaboration to ensure successful launches and healthy growth.
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“Hashed strongly believes the new paradigm for the gaming industry will be decentralised platforms. The more authority games give to the players, the more successful the game will be. In that respect, GuildFi has a solid potential to solidify its position as a new gaming platform,” said co-founder and partner Ethan Kyuntae Kim.
With a strong base in Thailand, the GuildFi team has launched a prominent gaming guild and the most popular Axie Infinity gaming tools on the market. It claims to have attracted over 100,000 registered users, 20,000 daily active users and 1,500 scholars within three months of inception.
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Image Credit: GuildFi
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