What are guilds in the GameFi industry, how do they work, and why do we need them?

The capitalization of Merit Circle, DAO and one of the largest GameFi guilds was over $130 million at the beginning of 2023. Yield Guild Games, another top guild has over $56 million of capitalization. What is the essence of their work, where did this capital come from, and what is the fundamental difference between GameFi guilds and Web2 gameplay? We will tell you in this article.