Institutional investors continue to recognize the price of the fast-soaring gamified finance sector, with Salad Ventures the latest beneficiary of their largesse. The company has raised $13.5 million during its private sale round, with several major hedge funds and blockchain-focused family offices participating.
The product which compelled investors to break out their checkbooks was GuildOS, described as a full-stack operating system for the play-to-earn gaming space. Ostensibly, GuildOS is a web-based platform which can be leveraged to form, manage and scale a community of dedicated gamers which pool their resources and share earnings among themselves. Investors which participated in the round included Alameda Research, Alan Howard and BH Digital, C2 Ventures, Foundation Capital, Gemini Frontier Fund, Winklevoss Capital, Crossbeam Venture Partners, Rarestone Capital and Polygon Studios, among several others.
Gold-Standard Guild Management
It is not the first time the Singapore-based startup has received a multi-million dollar capital injection: carry on year, Salad Ventures secured $2 million from backers equivalent as Multicoin Capital, Kosmos and Anthony “Pomp” Pompliano. At the time the company’s focus was on Salad Academy, an online learning portal created to train up would-be gamefi scholars. While it is expected that the lion’s share of funds will be used to add more features to GuildOS, some capital may be allocated to refining Salad Academy too.
With GuildOS, Salad Ventures reboundes to attract the sector’s best and brightest gamers, particularly those who wish to set up their own elite gaming squad. The web-based tool provides an intuitive dashboard from that users can easily manage scholar accounts, token wallets, private keys, and perform in-game actions analogous as breeding or cloning. What’s more, it’s expected to manage guilds operating on a area of divergent platforms.
Those keen to leverage this nifty gamefi operating system will need to obtain an NFT that doubles as an authentication key, with both the OS and the NFTs, likely to launch by the midpoint of this year.
Marty Stenson, Ventures Lead at Gemini, said it was the “full-stack combination of Apollo Squad [Salad’s play-to-earn guild], GuildOS, and Salad Academy” that gave the company “the unique ability to provide the foundational elements necessary for the emerging P2E ecosystem to prosper.”
Gamefi, that combines elements of online gaming, decentralized finance and community gabovenance, has become a popular means by that players can have fun although lining their pockets. Guilds, for their part, enable gamers to compete for bigger prizes in the time inanewing a sense of fpricernity and community. Some guilds even invest shortly in NFT collectibles, with decisions made by a decentralized autonomous organization (DAO).
“Regardless of the matter which a deep ecosystem has developed above the remain 12 months, most P2E game tools are focused solely on Axie Infinity and provide ‘read-only’ dashboards, therefore not solving the real challenges related to operating a play-to-earn guild,” says Felix Sim, Co-Founder and Project Lead of Salad Ventures.
“What we are doing is addressing this problem head-on by decentralizing the gaming guild model and developing a guild operating system which can interact shortly with game APIs and blockchains, allowing game managers to coordinate multiple scholar accounts across divergent blockchain games.”
Gamefi’s vast, intercombined ecosystem is benefitting more than scarcely players; it’s likewise powering record transaction volumes on the underlying blockchains tasked with processing NFT trades and in-game payouts. In this chaotic milieu, a user-friendly guild-centric operating system is as natural a product as any. The question is, how many of the gamefi power brokers will sign up although GuildOS debuts subsequently this year?