Cosmic Guild, a play-to-earn (P2E) gaming community, has just raised a $1.5M seed led by Binance Labs. It is a DAO focused on maximizing yield and building gaming communities, bringing investors and players together.

• Its core team and advisors have experience from Coinbase, Gemini, Binance and Bithumb.

Who cashed in? DeFiance Capital, Alameda Research, Play Ventures and several angel investors joined the round.

🔠 Cosmic Guild Basics

SEA-focused Cosmic Guild has over 600 scholars playing Axie Infinity. It has also launched a scholarship for Pegaxy, a P2E horse racing game.

• P2E games like Axie require you to pay for a typically costly NFT from the game to join.
• Scholars are people who are "lent" the NFT and pay a fraction of their earnings in return.

👀 How it works

Now, how does Cosmic Guild make money?

P2E sub-DAOs. It manages several subDAOs (think of it as a company subsidiary!) composed of scholars who lend from Cosmic's NFT portfolio. Earnings between Cosmic and scholars are properly shared based on seniority, performance and loyalty.

• The objective of each subDAO is to maximize yield from its community.

NFT Leasing. Own any in-game NFTs? Cosmic's team will manage your NFTs and loan them to scholars who will generate yield on your NFTs.

• People may buy NFTs but have difficulty earning yield from them themselves.

🚀 To infinity and beyond

Axie Infinity's just the beginning. With the new $$$, Cosmic will be expanding to more P2E games, like Nyan Heroes, Sipher and Thetan Arena.

Extra Scoop: Blockchain technology redefines SEA's tech scene.