The @MeritCircle_IO DAO had a busy 2022, yet just 10 days into January the DAO launched a brand new, consolidated website.
Let’s reflect on 2022, and what 2023 could have in store for $MC 🧵🎮
1/28
Let’s reflect on 2022, and what 2023 could have in store for $MC 🧵🎮
1/28
Firstly, we want to recommend reading Merit Circle’s excellent summary of what the DAO achieved in 2022.
medium.com/@meritcircle/l…
2/28
medium.com/@meritcircle/l…
2/28
2022 was a tough year for market participants. Many DAOs, firms and projects did not survive the rapid decline of asset prices, and the domino effect of the subsequent insolvencies.
Merit Circle not only survived the collapse, but has come out stronger.
How?
3/28
Merit Circle not only survived the collapse, but has come out stronger.
How?
3/28
As blockchain gaming has progressed, so has the DAO’s investment strategy.
There has been shift to focusing on bigger ticket sizes, for fewer investments. In part, this has been made more achievable due to a slowdown of the wider market.
Quality over quantity.
4/28
There has been shift to focusing on bigger ticket sizes, for fewer investments. In part, this has been made more achievable due to a slowdown of the wider market.
Quality over quantity.
4/28
While not immune to market conditions, the DAO retains a strong liquid capitalization, including ~$45m USDC.
The DAO’s priority is always to protect the treasury, and so all investments and yield farming opportunities continue to undergo stringent due diligence.
5/28
The DAO’s priority is always to protect the treasury, and so all investments and yield farming opportunities continue to undergo stringent due diligence.
5/28
The DAO continues to shift away from the unsustainable P2E scholarship model.
Games must first and foremost be enjoyable to play. This is the main focus for traditional game studios, whereas ‘earning’ was for blockchain entrepreneurs.
6/28
Games must first and foremost be enjoyable to play. This is the main focus for traditional game studios, whereas ‘earning’ was for blockchain entrepreneurs.
6/28
By focusing on helping traditional game studios incorporate blockchain technology, the DAO can support sustainable, fun blockchain games that can appeal to crypto natives, as well as traditional gamers.
Sustainability and enjoyment take priority over earning.
7/28
Sustainability and enjoyment take priority over earning.
7/28
Merit Circle’s gaming platform @MeritGamers acts as a gateway to the industry’s best games.
Information about games, as well as exclusive early access to those games, and various other benefits, can be found on there.
gaming.meritcircle.io
8/28
Information about games, as well as exclusive early access to those games, and various other benefits, can be found on there.
gaming.meritcircle.io
8/28
As more games are launched the gaming platform will transform into hub for gaming activities.
In the future we could see private betas, unique in-game rewards and eSports tournaments all be hosted on the platform.
9/28
In the future we could see private betas, unique in-game rewards and eSports tournaments all be hosted on the platform.
9/28
We also saw Staking V2 launch in November 2022, which came with a new set of rewards, a completely revamped UI, and upgraded contracts which offer longer locking times, as well as more built in flexibility.
medium.com/@meritcircle/m…
10/28
medium.com/@meritcircle/m…
10/28
Looking forward to 2023, the DAO has a number of exciting products being developed.
medium.com/@meritcircle/l…
11/28
medium.com/@meritcircle/l…
11/28
The DAO is well prepared for a year in which significant market growth may not happen.
Merit Circle products such as Sphere, Edenhorde, and the gaming and staking platforms, continue to be developed, as well as the partnered NFT aggregator @xericxyz
12/28
Merit Circle products such as Sphere, Edenhorde, and the gaming and staking platforms, continue to be developed, as well as the partnered NFT aggregator @xericxyz
12/28
The wider market down-turn in demand for NFTs and gaming assets gave the DAO an opportunity to add additional features to the Sphere marketplace @GetOnSphere before launching.
The community will be able to get their first taste of the marketplace early this year.
13/28
The community will be able to get their first taste of the marketplace early this year.
13/28
Sphere will continue to be developed through user feedback, and the ever-changing market demands.
All done with the intent of becoming the go-to NFT marketplace, especially for gaming assets.
14/28
All done with the intent of becoming the go-to NFT marketplace, especially for gaming assets.
14/28
While not a directly in-house Merit Circle product, NFT aggregator @xericxyz continues its development into 2023.
No official timeline for launch has been announced, but we are excited to see how Xeric evolves and progresses throughout 2023.
15/28
No official timeline for launch has been announced, but we are excited to see how Xeric evolves and progresses throughout 2023.
15/28
Merit Circle Studio’s first creation @Edenhorde was a huge success upon launch. The collection sold out, and also trended top of OpenSea for having significant volume.
16/28
16/28
The DAO will soon release news on how Edenhorde will be developed further.
Possible development news could include Edenhorde NFT staking, a new card game, and progression of the interactive storyline.
17/28
Possible development news could include Edenhorde NFT staking, a new card game, and progression of the interactive storyline.
17/28
Merit Circle’s governance forum still remains one of the most active across the crypto space, and we anticipate more exciting proposals to be passed in 2023.
MIP-21 - Merit Circle Grants
MIP-22 - MC Tactile
Are both examples of such proposals that have recently passed.
18/28
MIP-21 - Merit Circle Grants
MIP-22 - MC Tactile
Are both examples of such proposals that have recently passed.
18/28
Merit Circle Grants will allow small grants ($10k research grant + $25k development grant) to be distributed to those who wish to contribute to the DAO’s success.
gov.meritcircle.io/t/mip-21-merit…
19/28
gov.meritcircle.io/t/mip-21-merit…
19/28
MC Tactile is paving the way for the first set of $MC merchandise.
This exclusive run will be limited to 650 boxes of merchandise and will be distributed to a mixture of community members, contributors and DAO participants.
gov.meritcircle.io/t/mip-22-devel…
20/28
This exclusive run will be limited to 650 boxes of merchandise and will be distributed to a mixture of community members, contributors and DAO participants.
gov.meritcircle.io/t/mip-22-devel…
20/28
The DAO also launched its new consolidated website, which makes it easier than ever for newcomers to learn about Merit Circle.
meritcircle.io
21/28
meritcircle.io
21/28
The updated website focuses on 5 core sections:
- About
- Gamers
- Governance
- Support
- Staking
As new products such as Sphere are launched, the website will continue to evolve and expand whilst remaining accessible to newcomers.
22/28
- About
- Gamers
- Governance
- Support
- Staking
As new products such as Sphere are launched, the website will continue to evolve and expand whilst remaining accessible to newcomers.
22/28
Along with the $MC gaming platform development, we will have great games entering the #blockchain #gaming ecosystem such as @PlayAscenders, @illuviumio and @TrialXtreme.
23/28
23/28
Ascenders @PlayAscenders recently launched a brand new trailer showcasing some of the environments found on the world of Ascension.
24/28
24/28
The team also showcased the new visual branding and broke it down in a thread released earlier today, as well as releasing a showcase of backgrounds to use.
25/28
https://twitter.com/playascenders/status/1613179735546241024
25/28
Trial Xtreme @TrialXtreme also shared us some exciting news on what can be expected from them going into 2023.
26/28
https://twitter.com/trialxtreme/status/1613154618594426883
26/28
Illuvium @illuviumio recently shared their December dev blog which gave important updates on Illuvium: Overworld and Illuvium: Zero, as well a nod to the upcoming Illuvitars.
illuvium.io/news/illuvium-…
27/28
illuvium.io/news/illuvium-…
27/28
None of this is financial advice. We are invested in the $MC ecosystem, and look forward to seeing how the DAO develops throughout 2023.
If you liked the thread, be sure to RT it. Thanks!
28/28
If you liked the thread, be sure to RT it. Thanks!
https://twitter.com/sadcatcapital/status/1613238318036025344
28/28
• • •
Missing some Tweet in this thread? You can try to
force a refresh
