Merit Circle has established itself as one of the key players in the play-to-earn industry, which has greatly benefited from the booming NFT sector since the year began. In a recent blog post, Merit Circle announced that it is creating an alternate universe with limitless potential in partnership with the most outstanding persons to honor NFTs and actively explore the space.
Merit Circle revolves around NFTs.
Non-Fungible Tokens, or NFTs, are at the heart of Merit Circle. The firm began its quest by purchasing a variety of Axies, the in-game creatures in Axie Infinity. As its Axies collection increased, Merit Circle began to lend them out to other players, all thanks to the great innovation of NFTs in the crypto space. Thousands of gamers across the world are now using these NFTs to play Axie Infinity and acquire several rewards.
For every game added to Circle’s rooster, the platform purchases NFTs to use within these games, and thus, NFs have been a crucial part of the system. In their post, they wrote, “ It’s, therefore, no great surprise that our treasury is made up of more than stablecoins, BTC and ETH; NFTs play a giant part in not only our daily operations but our investment thesis and long-term vision. We believe that this novel piece of technology has the potential to disrupt entire industries, with the gaming industry being a major player.
Merit Circle Launches its NFTs
The future of NFTs excites Merit Circle and its team of experts, which constantly make moves to increase the platform’s collection. However, Circle recently realized that a collection of Merit Circle NFTs was the missing puzzle.
NFTs are revolving and changing the game in a big way, and Merit Circle intends to stay ahead of the curve and be part of the change while recognizing the input of those who made NFTs possible and valuable.
The Alternative Universe
Merit Circle announced that it has been working with some of the best thinkers in the world for the past few months to construct a brand new world from scratch. The platform has assembled a star-studded team that includes an Emmy-winning illustrator and a character designer who are constructing imaginary characters that are navigating a cosmos created by a published novelist.
This freshly developed environment will be the first iteration of a project that will feature visually distinct personas, with maybe more to come. According to Merit Circle, “ We overstress the fact that our community is of utmost importance to our success. The first step was taken with the creation of a leaderboard where we rewarded the largest supporters in our Balancer Liquidity Bootstrapping Pool. The next steps remain unknown for now but we are trying to find a way to involve our community as much as possible in this project.”
About Merit Circle
Merit Circle is a decentralized autonomous organization dedicated to the advancement of the “play-to-earn” economy. The project aspires to be at the forefront of innovation in the play-to-earn industry, with activities spanning many industries and niches, resulting in a continually adapting and evolving organization.
To learn more about the project, users can read this medium blog.