Merit Circle

What is Merit Circle?

Merit Circle, a decentralized autonomous organization (DAO), is on a mission to revolutionize the gaming industry by giving individuals the power to shape its future. The organization is committed to changing the rules of the game through ownership and merit-based rewards, placing governance directly in the hands of players.

At the core of Merit Circle's vision is the establishment of a vertically integrated gaming DAO. By maximizing treasury value through early stage investments, NFT strategies, and yield farming, the organization aims to create a transparent, dynamic, and participatory ecosystem that empowers everyone involved. The Merit Circle Studios arm is dedicated to publishing creative projects, actively developing, and incubating new initiatives.

Merit Circle is not just about games; it's about fostering an engaging and rewarding community within the gaming industry. The organization offers games, industry education, and practical tools, providing essential infrastructure for the future of gaming through cornerstone products like Beam and Sphere.

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Recent Video Interview

Main points of the interview:

• Beam, a product of Merit Circle, offers a tech and ecosystem layer for gamers and developers.
• Beam's subnet on Avalanche hosts 30 games, expanding through partnerships like Immutable's ZK EVM chain.
• Collaboration with Immutable and Polygon aims to support game developers on various tech stacks.
• The focus for 2024 includes onboarding more games, improving user experience, and expanding partnerships.

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How Does Merit Circle Work

The activities of the Merit Circle DAO are organized into four verticals, each contributing to the overall ecosystem and the value of the $MC token:

1. Merit Circle Investments: The DAO strategically invests in projects across the web3 landscape to build a resilient treasury that supports its growth.
2. Merit Circle Gaming: Focused on disrupting industry practices, Merit Circle scales in engaging and well-designed games, advancing gaming infrastructure to be both entertaining and rewarding.
3. Merit Circle Studios: With a hands-on approach, the organization contributes to the gaming industry's growth by building new games and incubating innovative projects.
4. Sphere Marketplace: Recognizing the potential of NFTs in gaming, Merit Circle is committed to making its NFT marketplace, Sphere, the best fit for gamers.

Merit Circle DAO

In Merit Circle's democratic structure, $MC token holders actively influence decisions. Through governance forums, members propose and discuss ideas, shaping the organization's trajectory. The Snapshot platform streamlines the voting process, where token holders express their opinions on proposed initiatives.

The emphasis on majority decision-making, whether in closed or open votes, underscores Merit Circle's commitment to decentralized governance. This inclusive model empowers community members, fostering a sense of ownership and responsiveness to the ever-changing gaming landscape.

Merit Circle Team Background

The creators of the 420 Axie Scholarship program are behind the inception of the Merit Circle project, with primary sponsorship from Flow Ventures, a fund specializing in early investments in promising startup projects. The core member of the project includes Mark Borsten (Co-Founder & Co-Chief Operating Officer), Thale Sonnemans (Co-Chief Operating Officer), Marco Van Den Heuvel (Co-Founder, CGO), and Tommy Quite (Co-Founder & Chief Financial Officer).

Merit Circle successfully received investment from prominent investment funds including DeFiance Capital, Mechanism Capital, Spartan Group, Maven11, OP Crypto, and Bitscale Capital. Notable figures in the industry, such as Jihoz (Axie), Alex and Isaac (Nansen), Gmoney, Kieran and Danny (Illuvium), Tin (Sipher), Ryan (Teller), Calvin (Impossible Finance), Bobby (Coingecko), Piers (Bitkraft), and Richard (Quantstamp), have also joined as angel investors.

Other partners of the project are: Sphere, Cyball, Illuvium, Spartan, Vulcan, Hashrush, Mechanism, Sipher, Bitscale, , CitizenX, DCG...

Merit Circle Project Development

In a new phase for Beam, a product of Merit Circle, the team embraces chain-agnostic ambitions, expanding from an Avalanche Subnet to a multi-chain approach with the Immutable zkEVM. Collaborating with Immutable and Polygon Labs, Sphere, the exclusive gaming marketplace, takes a central role in both ecosystems, kickstarting a joint venture. This collaboration integrates parts of the Beam SDK into Immutable and Polygon, beginning with Sphere, which leverages Immutable's zkEVM and Polygon's support for instant settlement and minimal fees. Positioned as a cornerstone for the next generation of games, this collaboration signifies a major step in revolutionizing the gaming industry. As technology evolves and industry leaders adopt blockchain, Beam is poised to welcome the future of gaming, catering to billions of gamers worldwide.