Merit Circle Partners With Undra
Merit Circle is thrilled to announce its partnership with Undra, an upcoming game that aims to challenge and expand on conventional web3 practices in order to take games beyond the GameFi space to Game3. As part of the partnership, Merit Circle has invested $500,000 and has taken an advisory role.
The team behind Undra, Studio Decent aims to take advantage of a new environment in which they can experiment with web3 principles in the context of gaming. These include player ownership of assets, the mechanics of community governance and trustless collaboration to name a few. Undra serves as the perfect breeding ground for fresh perspectives of GameFi, which will propel games to a level that Studio Decent coins as ‘Game3’. Play-to-earn games in this space go beyond the simple gamification of DeFi activities, such as speculation and yield farming, and take on a more game-driven approach.
Merit Circle x Undra
They love everything about gaming at Merit Circle and are committed to the idea that the fun comes first. They are happy to see this idea being well represented by the team behind Undra, and being made the focus of their development. As early backers, they are intrigued to see how the political and financial systems will develop as more episodes are released and the community base expands.
Be sure to keep an eye out for the upcoming governance release in May 2022, which will introduce a weekly story update. Early supporters will also be able to vote on the future of Undra with the associated player votes.
“Merit Circle is one of the very few groups who truly “get” this space. As operators themselves, this isn’t just funding, this is a partnership to build something truly exciting together.” ~Sazerac
Undra is an MMO based on strategy and collaboration, where the actions and choices of the community shape the world in profound and permanent ways. The phased release of Undra means that new layers of gameplay will be added regularly, dramatically increasing the options available to players with each instalment. The next release focuses on governance.
About Merit Circle
Merit Circle is creating a decentralized autonomous organization (DAO) that develops opportunities to earn through play for people who want to help build the metaverse. They do this using its platform, which hosts scholarship opportunities, educational opportunities and everything a person could need on their journey towards being an earning gamer in the metaverse.