What are the Meritable Characteristics of DAGGs & SubDAO’s Templates?
One of the main use cases of the global blockchain technology is the widespread system of play-to-earn (P2E) gaming that is gradually replacing traditional games in a steady process.
Although most blockchain games utilizes the free-to-play (F2P) technology, the best of these need generous investment and are most likely too expensive for average gamers to use. Hence, DAGGs come in as Decentralized Autonomous Gaming Guilds that provide equal opportunities for gamers to accrue earnings.
An institution operated by members of the gaming community of a network, a DAGG is enabled by smart contracts, enabling:
The sharing of new ideas.
- Healthy competition.
- The provision of support.
- Joint ownership of unique NFTs.
- The pouring in of user rewards.
- Frank decision-making processes.
More than five billion US dollars have been invested into the global blockchain gaming technology, and as this industry continues to boom, more entries are made.
Being a part of a blockchain game automatically makes you a member of the community in charge of its development. You need to be actively participant in the community, to be able to grab rewards as soon as they rush in.
Via healthy competition and frank decision making processes, gamers can actively be a decentralized autonomous gaming guild (DAGG) member.
By being a member, you have the right to vote and also compete in certain community events, winning several NFTs in the process. These digital assets can likewise be traded within NFT marketplaces, to get stablecoins that can be chipped into your DAGG wallet.
Other use cases include selling your NFTs to get other gaming items or “experience points” (EXP). You can also vote for your DAGG’s representative gamer who would be able to play in external contests with the support of the community backing him or her up.
You can be the representative yourself. If you are an active gamer, you would be able to form new gaming assets by yourself, based on the level of rarity you climb up to; and if the tokens created are worthy being expertly praised, the DAGG could hear of their fame and pay you a big amount to get them from you.
Staking & Renting
Within the SubDAO ecosystem, you can not only play to earn, but also stake to do so. Staking your NFTs rakes benefits for you. Apart from this, you can also rent out your digital assets to others, if you do not want to sell them fully.
The SubDAO has two major wings, known as Templates, both functioning differently, but still offering decentralized autonomous gaming guilds (DAGGs are sited on both of the wings, depending on the areas they cover).
These templates include the:
- Ventures DAO
This wing or template is focused on the business orientation of profiting and investments.
- Community DAO
This wing is focused on facilitating the decentralized community by creating voting sessions, allowing the joint ownership of NFTs, etc.
SubDAO is an interoperable decentralized autonomous organization that allows other decentralized organizations create gaming guilds on its space, whilst supporting the promotion of Web3-facilitated gaming and finance in the blockchain technology, on a worldwide scale. SubDAO handles issues ranging from consensus mechanisms to social networking, management of digital assets, etc, providing solutions to them.
SubDAO’s founding team is made up of the former Technical Team Leader of the IBM Group, as well as various developers who led to the inception of the Polkadot network.
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