SparkPoint and MetaGaming Guild Locked a Strategic Partnership: A Gateway to Democratizing Game Finance

The agreement will make MetaGaming Guild at home in the SparkPoint Ecosystem

On November 2021, SparkPoint and MetaGaming Guild (MGG) officially came to an agreement for their strategic partnership that will further blur the line that separates casual gaming and play-to-earn (P2E) games and will expand the SparkPoint’s Ecosystem. Today, we’ll be taking you to the specifics of what’s coming with the partnership.

Integration on SparkPoint Wallet’s Crypto-to-Fiat Exchange

The agreement will give way for MGG’s mission to reinvent P2E gaming by offering opportunities beyond the traditional gaming scholarships as the company will be utilizing SparkPoint Wallet’s crypto-to-fiat exchange (on-ramp and off-ramp) in the future to fast track one of its core mission, to democratize game finance, and to offer a more convenient and faster transfer of funds to the scholarship grantees under their financing program. This will be made possible through SparkPoint’s successful application for Virtual Asset Service Providers (VASP) license. This license is projected to be obtained within 2022 and will unlock many anticipated features of the SparkPoint Wallet.

Onboarding of Scholars

Once set up, MGG will onboard thousands of its scholarship grantees to SparkPoint Wallet, as the app will be the scholar’s primary virtual wallet to receive and store their earnings from playing MGG’s portfolio of P2E games. To date, MGG now has already 1,000+ active scholars and is targeting to on-board 10,000 scholars more this 2022. And of course, scholars won’t ever transfer their stored funds to other exchanges just to liquidate their earnings as the SparkPoint Wallet will be already supporting crypto-to-fiat exchanges. As an example, scholars who earns SLP tokens by playing Axie Infinity through MGG’s scholarship program, will just have to convert it to PHP within the SparkPoint Wallet app and scholars can simply convert it to physical cash through remittance centers or banks.

➡️READ: MetaGaming Guild Scholarship Program — How To Be A Scholar

Higher Volume

This future endeavor of MGG and SparkPoint will generate millions of dollars in monthly transactional volume for the SparkPoint Wallet. This venture will not only helps those scholarship grantees of MGG but of course SparkPoint Ecosystem and it’s DeFi platform, SparkDeFi as a whole. The possibility is limitless once everything is set up and already running. Scholars can easily use their tokens too to earn token rewards by staking it to SparkDeFi’s Pool-Based and Liquidity Staking decentralized apps.

Platform Integrations

As part of this strategic partnership, SparkPoint token (SRK) will also be utilized in MGG’s platform once it is fully developed such as in Game Yield Farming and integration in upcoming P2E NFT game of MetaGaming Guild and other MGG’s products or services. Likewise, MGG will also be integrated in SparkPoint’s ecosystem such as in the SparkPoint Wallet and SparkDeFi.

➡️READ: How To Participate in SparkPool Pool-Based Staking and Liquidity Staking

About MetaGaming Guild

MetaGaming Guild is a community-governed organization that makes game finance fairer for the masses. It primarily focuses on a live scholarship program where players or members access games without upfront costs, access early-stage game tokens like VCs, and deploy their NFTs to automated yield.

MetaGaming Guild Official Links:
Discord | Telegram | Twitter | Instagram | Facebook | LinkedIn | YouTube | Website

Learn more about SparkPoint and SparkDeFi from the following links:

SparkPoint Website: https://sparkpoint.io/
SparkDeFi Website: https://srk.finance/

Trade SRK: https://srk.sh/trade
Trade SFUEL: https://srk.sh/tradesfuel
SRK-ETH on Uniswap: https://srk.sh/uniswap

Telegram Announcements (SparkPoint): https://t.me/sparkpoint
Telegram Announcements (SparkDeFi): https://t.me/SparkDeFiOfficial
SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
SparkDeFi Community on Telegram: https://t.me/SparkDefi
SparkPoint Twitter:
https://twitter.com/sparkpointio
SparkPoint Facebook:
https://facebook.com/sparkpointio
SparkPoint Instagram: https://instagram.com/sparkpointio
SparkDeFi Twitter: https://twitter.com/SparkDeFi
SparkDeFi Facebook: https://www.facebook.com/SparkDeFi
SparkDeFi Instagram: https://www.instagram.com/sparkdefi/

LinkedIn: https://www.linkedin.com/company/sparkpointio
GitHub: https://github.com/sparkpointio
SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/

--

--

--

Fueled with caffeine everyday. Tech-news enthusiast and fond of reading gadget reviews. Currently one of SRK’s Senior Marketing Specialists.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Why Bitcoin Isn’t a Fraud and Other Anti-FUD Thoughts

Update: US Infrastructure Bill

Bitcoin as a novel market institution — Nic Carter (talk at Baltic Honeybadger 2018)

Kings Finance

Investing in Wintermute

How Decentralized are DEXs? A Classification System for Decentralized Exchanges.

Netvrk Launchpad Trifecta: Bondly, Trustpad, and Poolz 🔥

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Drei Bongalos

Drei Bongalos

Fueled with caffeine everyday. Tech-news enthusiast and fond of reading gadget reviews. Currently one of SRK’s Senior Marketing Specialists.

More from Medium

MATRIX INDEX

They Are Watching

milestoneBased and Hypersign have signed a Memorandum of Understanding.

Space Tech Center of The ISLAND