What is Merit Circle?

Merit Circle is a decentralized autonomous organization (DAO) that focuses on the play-to-earn (P2E) economy in the gaming industry. It strives to create a new era of gameplay where users can be compensated by playing games they love, transforming gaming from a simple hobby into a potential source of compensation. Merit Circle currently supports Axie Infinity, a popular monster-battling play-to-earn game, and intends to support other games like Star Atlas, Illuvium, and Hash Rush. The project launched on November 4, 2021, and has been in development since July 2021. Despite its young age, it has gained a community.

How does Merit Circle work?

Merit Circle operates at the intersection of capital, expertise, and players, representing investors, platform managers, and gamers. It aims to maximize value accrual across different games in the metaverse. The compensation that the project has the potential to provide can translate into potentially life-changing benefits for some of the gamers engaging with it. Merit Circle also has a scholarship program for gamers, with over 500 scholars currently playing Axie Infinity. The project was audited by Quantstamp, a security assessment firm in the industry, ensuring the safety of the Merit Circle network.

What are the potential use cases for Merit Circle?

Merit Circle aims to change the gaming industry by developing the play-to-earn economy. It provides a platform where gamers can be compensated while playing their favorite games. This not only enhances the gaming experience but also provides an opportunity for gamers to gain new skills that will be in high demand as employers expand into the crypto metaverse. Merit Circle also intends to support other games in the metaverse, providing more opportunities for gamers to be compensated. Furthermore, it has a list of partners, including DeFiance Capital, Spartan Group, Yield Guild Games, and more, which could lead to more use cases in the future.

What is the history of Merit Circle?

Merit Circle was launched on November 4, 2021, but it has been in development since July 2021. Despite its young age, it has gained a community and has become a known player in the play-to-earn gaming space. It currently supports Axie Infinity, a popular monster-battling play-to-earn game, and intends to support other games in the future. Merit Circle has also accumulated $4.5 million during its seed round with the support of its partners and a number of angel investors. The project has been audited by Quantstamp, ensuring the safety of its network.