Place/Date: - November 30th, 2021 at 10:11 am UTC · 3 min read
In preparation for its CopperLaunch BLBP (Balancer Liquidity Bootstrapping Pool) on the 4th of December 2021, gaming guild-cum-fintech PathDAO has just unveiled a high-profile lineup of advisors, game partners and private backers.
With seed round led by Defiance Capital and Merit Circle, PathDAO’s advisors now include Illuvium co-founder Kieran Warwick, PAID network CEO Kyle Chasse, EnjinStarter CEO Prakash Somosundram, Ajaib (fintech unicorn) CEO Anderson Sumarli and LVT Capital CEO Pino Tedesco. This impressive lineup will provide the necessary guidance as PathDAO grows in both the blockchain gaming and fintech spaces.
Game partnerships are a crucial element in any gaming guild’s success, offering the guild exclusive access to off-market deals and player support systems. PathDAO has put together an impressive list of up-and-coming game partnerships, including but not limited to Illuvium, Axie Infinity, CryptoUnicorns, Sipher, VulcanForge, League of Kingdoms, Playermon, Nine Chronicles, Geopoly and Age of Tanks. With several more partnership talks in progress, these are bound to offer PathDAO an attractive entry point into the respective games.
Finally, PathDAO is closing its highly over-subscribed private sale round with several leading VCs and private investors, with the likes of Defiance Capital and Merit Circle providing firepower on the marketing and community outreach front.
PathDAO is a community-first, decentralised autonomous organisation (DAO) that creates value for investors and players in the growing blockchain gaming and metaverse.PathDAO’s main focus is on building a play-to-earn gamer community, investing in blockchain game assets and creating a platform for innovative blockchain games and NFT projects.
At the time of writing, PathDAO has onboarded over 600 scholars across two games – Axie Infinity and VulcanForge. There are immediate plans to scale this up to 1000 scholars and 3-4 active games in the coming month.
In parallel, PathDAO is actively working with the founding teams of various games to co-develop their guild participation model, building a solid foundation on which to scale its involvement.
Today, many banks and fintechs struggle to reach the underbanked and unbanked population who are excluded from the services of these institutions due to minimum balance requirement, high fees, lack of trust, lack of understanding and credit scores.
As the majority of players in the Play-to-Earn ecosystem are underbanked and with PathDAO being the main income distributor, PathDAO is best-positioned to be the on-ramp of financial service adoption, bringing insurance, micro-loans, investment, money transfer services to the scholars and also to the wider P2E community and guilds.
For gamers, PathDAO will focus on expanding its community footprint both online and offline through community events. To maximize gamer potential and subsequently returns on investment, PathDAO will curate training programs designed specifically for its gamers.
Investors can expect the development of on-chain voting and performance dashboards to streamline the way they interface with the PathDAO ecosystem. SubDAOs will be created specific to each game PathDAO invests in, ultimately ensuring maximum returns for the investor.
PathDAO believes that Creators play a crucial role in the blockchain ecosystem and plans to help creators kickstart their journey through community seeding, celebrity NFT launches and creation of a game launchpad.