Guild of Guardians Raises $5.3 Million From Token Sales

NFT game Guild of Guardians (GOG) has raised no less than $5.3 million from the sales of its native token (GEMS), which took place on Coinlist on November 30.

The public token sale saw about 808,000 users registering, with over 10,700 from more than 100 countries, becoming new GEM holders. While there were many participants from around the world, users from countries like Australia, Canada, the United States, and of course, China could not partake as a result of the regulatory situations of those regions.

Guild of Guardians To Launch In Q1 2022

Meanwhile, of the total 1 billion tokens of Guild of Guardians, only 6% was allocated to the sales that were held on Coinlist. Furthermore, another 63% of the supply will be distributed to users via gameplay, and community-driven events and activities.

Slated to launch in the first quarter of 2022, the play-to-earn game already has more than 400,000 users registered.

The game is a product of the partnership between Immutable X — an NFT layer 2 scaling solution, and Ukrainian game developer Stepico.

Meanwhile, according to Nicholas Kelland, the Head of Marketing at Immutable, GOG will be launching on mobile. However, the reason for this might not be far-fetched, as it would offer very easy access to all.

Play-to-earn Gaming Gaining Popularity

There is absolutely no doubt whatsoever that the success of GOG’s initial DEX offering (IDO) is tied to the massively increasing popularity of play-to-earn gaming. In GOG, every in-game asset that users own can be traded and exchanged for NFTs.

According to Kelland, the concept of owning in-game assets is almost a concluded issue, one that’s only a matter of when and not if. Kelland likened the concept to that of the content creator economy and people. It is only normal for people to own stuff that they basically have worked for, and deserve to own.