BlockchainSpace is a startup infrastructure payments firm that will develop software for play-to-earn (P2E) blockchain-based games to manage the accounting and paying of guild members.
The company will develop software that streamlines payments for massively multiplayer online role-playing games (MMORPG). In the growing P2E space, guilds are entities that own and lend expensive NFTs to guild members (scholars), who use these in-game items to earn tokens. Before BlockchainSpace, guild managers had to themselves track player performance and manually cash out tokens using time-consuming processes that are prone to error. This software automates that workflow, allowing guild managers to focus on teambuilding and player retention.
We believe that the growth of P2E NFT-based games will continue to accelerate following the breakout success of Axie Infinity. Axie is the first game in history where players are earning real-world incomes through gameplay. Critically, BlockchainSpace has a partnership with Yield Guild Games, the largest guild for Axie and the P2E gaming space overall. Yield Guild’s large number of scholars and attractive economics allow it to buoy any blockchain-based MMORPG it integrates with, thus creating virtuous feedback loops for all ecosystem companies.
BlockchainSpace will launch on Axie Infinity and follow up with selected leading blockchain-based NFT games. Their revenue model is similar to that of payments companies as they take a small cut of all tokens processed.
The Singapore-based company’s CEO and Founder is Peter Ing. He has 15 years experience in fintech and remittance firms, and has spent the last two years as a key ambassador for Axie and Yield Guild in their core Philippines market. Additionally Felix Xing is leading the technological development as CTO.He has 12 years experience as a programmer, mobile developer, and AI scientist.