Crypto catch-up: CGU’s Sergei Sergienko “gives the little guy a chance, one game at a time”
Gambling to win is one of crypto’s most popular ‘narratives’, and it’s a trend that has spawned a new wave of gaming guilds, including Crypto Gaming United (CGU). Storer caught up with his Sydney-based co-founder Sergei Sergienko.
Before we dive into that, however, a short explanation …
What are Gaming Guilds?
A gaming guild is a collective of gamers who organize to play video games together and share strategies, tips, and data. Some are set up for the purpose of income sharing.
The esports boom has increased the popularity of gaming guilds in the traditional gaming industry, and GameFi has also been a catalyst for the rise of crypto gaming guilds such as CGU, Guild game performance, Polemos and Lawyer.
When you add the play to win factor (P2E) to the community-building power of guilds with tens of thousands of members, that equates to quite a bit of potential for accelerating the adoption of crypto games.
Some gaming guilds offer “scholarships” to players (“researchers”) of P2E games, funding entry fees and training fees for individuals. In return, these guilds share the income generated in the game with its players.
With a large initial focus on the successful P2E blockchain game Infinite Axis, CGU is a coalition of more than 6,000 players, whose investors expect the company’s investors to grow dramatically as the crypto gaming economy grows.
For example, CGU’s largest funder, Australian venture capitalist Mark Carnegie, recently told Bloomberg that he expects the guild’s player base to grow to at least 100,000 over the next 18 months.
Carnegie also recently discussed CGU on Stockhead’s Crypto Frontier podcast, hosted by Kraken’s Jonathon Miller.
Hi Sergey. What is your biggest ambition for Crypto Gaming United?
To make sure everyone in the world has access to a way to make money. It has been my personal ambition for over a decade. This is why our guild was a spin-off of laborx.com, which is our working project.
[The LaborX platform is a component of Sergei’s other company, Chrono.tech, which uses blockchain to streamline global recruiting and sets up workers for crypto payments.]
By the way, nice Gough Whitlam shot behind you in this photo.
All intentional. He revolutionized work and health insurance in Australia. I’m trying to do it for the world.
So you are helping to enable the crypto revolution and a means to access financial freedom – is that the point?
Indeed, buddy. Give the little guy a chance, one game at a time. Rebuilding the global economy the wrong way, $ 10 at a time.
“We are trying to give everyone a chance”
So, speaking of the little guy, how does CGU choose its “scientists”? Is there a defined criterion?
It is a balancing act. If we were to go the route of exclusive profit maximization, we would just get everyone from the Philippines and forget about the rest, because [P2E gaming] is already part of the culture there. But on the other hand, if we go to the end of the social, the company would not exist too long.
We basically try to try everyone and believe in giving people a chance no matter who they are. We then offer them the opportunity to train, and most of the time it works. So basically, there are no defined criteria, we try to help and give everyone a chance.
Very cool. Guilds such as CGU are currently committed to training players in developing countries. Do you plan to broaden this perspective soon?
At present, the income generated is not enough to particularly interest someone from developed countries. Once that changes, I can definitely see that people from the developed world will join.
Axie Infinity… and beyond
We saw some Thoughts on Twitter and recent reports suggesting that the average daily earnings of Axie Infinity players have fallen below the minimum wage in the Philippines. Is that a concern, given that CGU is heavily focused on this particular game?
No, that’s not a problem, since good players are still well above the minimum wage. Also, the report I saw does not take into account that the minimum base level in Axie can be achieved in just two hours of play. In other words, prorated, Axie is still a length of advance.
Are there other P2E games that you really see taking off … or that CGU has an interest in partnering with?
Yes, there are plenty of new ones on the way. We have already established a partnership with Wave ducks, Sunrise, Crypto bots, Aaavegotchi, and a myriad of others either already played and playing, or on the way.
“The pie is big enough for everyone”
Where do you see the space playing to win in 2022? Could an explosion potential and a bear market in crypto impact the UGT’s business model?
There is a possibility that another stagnation will occur in the form of a ‘crypto winter’, and that is why we as a guild are looking way beyond the game and looking at the whole thing much broader, from the point of view. view of jobs if the games ride the breasts.
Is there a rivalry between player guilds? YGG isn’t CGU’s nemesis, right?
I don’t consider other guilds to be rivals, we all do a good job, using different strategies. There are at least two billion people on this planet who can benefit from what all guilds do. The pie is big enough for everyone.
“Enter the general public in a significant way”
What’s the next big crypto trend or story that you see taking hold?
I think DeFi goes into the traditional [finance] is a next big thing. Also, I hope for my own good working to earn crypto would be awesome. I think it’s coming soon.
Do you have any particular Layer 1 smart contract protocols that you believe in? Or is Ethereum and its scaling solutions for you?
I love Near and Solana. These guys are next level smart.
What excites you the most: A) the CGU guild… B) crypto right now… and C) the future of crypto?
For the guild… that we have the opportunity to reach so many people in a positive way, while making money by doing this. It’s absolutely epic.
Crypto right now … it’s finally entering the mainstream.
And on its future… I am delighted that we, as humanity, finally have the opportunity to try to do things in a fairer way, economically.
You can read a little more about Crypto Gaming United in a recent article by colleague Derek Rose, here, and on CGU’s website.
CoinMarketCap lists it as cipher # 4 397, but CGU claims its token has a fully diluted market cap of around US $ 2 billion, which would place it in the top 100.
Stockhead has not provided, endorsed or otherwise assumed responsibility for the advice on financial products contained in this article.
At the time of writing, the author owns crypto assets including BTC and ETH, among others.