Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
New crypto gaming project Meta Masters Guild enjoyed a stunning launch to its crypto presale - raising more than $50,000 in its first 24 hours.
The project, which is building the world's first dedicated Web3 gaming platform, has secured $80,000 of funding at the time of writing, with investors rushing to secure tokens before the price rises.
Now on sale for just $0.007 in the first stage of its presale, MEMAG tokens will increase with every stage.
Those who invest now will see the price rise by 40% to $0.010 as the token enters stage 2 next week and by the seventh and final stage, the price will be set at $0.023 - a 228% increase from the price now.
Visit Meta Masters Guild Presale
Despite the huge potential of GameFi and the best play-to-earn games, many projects have struggled to maintain player bases over a long period.
There are a slew of reasons for the sector's struggles, but one of the major reasons is that many projects have focused on rewards and earning mechanics over the quality and replayability of the games, as well as the consistent selling pressure on tokens.
Meta Masters Guild will 'focus on fun', according to its whitepaper, and prioritize making games that have longevity and are sustainable.
Furthermore, by focusing on mobile games - which are typically cheaper and easier to develop - they will not get bogged down attempting to create vast AAA-rated games that are expensive and take years to build.
The native MEMAG token will also not be used for rewards and will instead underpin the project, meaning it does not face the same selling pressure from players.
A second token,
Read more on cryptonews.com