Welcome to the official newsletter from Merit Circle.
In our previous newsletter, we gave three new updates from our portfolio projects, and we shared our view on the upcoming year for every single vertical. In this update, we share the announcement of the gaming subnet ‘Beam’, give an update about the Merit Circle Grants, Merit Circle Tactile and grant you a chance to meet your fellow contributors,
Read on as we summarize what’s been happening and what’s to come…
Portfolio update
We’re proud to work with dozens of amazing partners across the world who are all contributing to the web3 gaming space in their own way. We’re regularly receiving updates from these partners on development, market analysis and everything in between. To give our community some more insight, we will be highlighting three portfolio projects in each newsletter.
Super Duper Secret
Let’s kick things off with our latest addition to the stall of partners – Super Duper Secret Co. who recently raised over $1 million to shed new light on traditional games like Chess. The studio will launch with their first title, Royale Chess, a ten-player, battle royale chess game.
However, this is only the start, and many games across their underlying meta-game platform, focusing on multiplayer, evergreen games, have yet to be announced. We’ll get back to you with a thorough announcement and a breakdown of the game, and obviously ensure the Merit Circle community gets a first glimpse of the games as soon as they’re available.
Roboto Games
So a little while ago we announced that we’ve invested in Roboto Games, a serious studio that raised $15M to launch a fun game called Foragers and Fighters. We’ve been frequently checking in with the studio, and recently heard about a lovely hire. Philip La, previously worked for Sky Mavis, Meta and Niantic(Pokemon Go), now the director of product at Roboto!.
Newly formed collaboration
We are constantly looking for new potential investments and collaboration to broaden our operations. Since our latest newsletter, we formed a strong new partnership that we’re more than delighted to share with you:
Treasury report
To properly show what we have been doing in terms of handling our treasury and the funds raised, we share a monthly treasury report. This report includes all the ins-and-outs of Merit Circle financially.
A small quote that summarizes the treasury report of the previous month:
“In the past month the treasury decreased from $97,031,641 in March to $96,392,032 at the end of April, a 0.6% decrease from the previous month. Merit Circle realized a profit of $115,000 in the month of April.”
Read the full report here.
Merit Circle to launch gaming subnet ‘Beam’ in collaboration with Avalanche
It is with great pleasure that we announce an exciting new development for Merit Circle: Beam, a subnet to launch on the Avalanche network. This gaming-focused blockchain seeks to become the home for dozens of fascinating games.
Allow us to tell you the story of Beam and explain how it fits into the Merit Circle jigsaw. We would like to do so through these three articles, that tell you everything you need to know.
An update about the Merit Circle Grants
A little while ago, we officially launched the Merit Circle Grants program. Through this program enthusiastic members in the Merit Circle ecosystem are offered a chance to pitch in and help contribute towards the development of the Merit Circle ecosystem.
In the short period of its existence, the purpose trusts grant program received two applications; ‘Configurable Twitter Sales Bot Service for Gaming assets’, and ‘Develop a Spanish-speaking media ecosystem with a focus on crypto gaming'. Both applications did not meet the standards of the committee and therefore have been kindly passed on.
As a little reminder, the purpose trust offers two types of grants that are currently available;
Research grant - Max $10,000 per applicant
Development grant - Max $25,000 per applicant
Ready to apply? Head over to Wonderverse right now!
The first Merit Circle Tactile boxes have been delivered
Proud as a rock, we introduced Merit Circle Tactile, an exclusive set of 650 merchandise packages for the community. These packages include a variety of clothing items such as a T-shirt, hoodie, cap and a scarf. These packages have been distributed among our community members, partners and industry professionals.
Proudly, we’ve seen many Contributors receive their packages and showcase their Tactile. The beauty is, you can still purchase your Tactile ID, redeem yours and have it to you in a matter of time! Where – Purchase here and redeem here.
Merit Circle community event
The annual Merit Circle community event is right around the corner! The thread has all the information you may need, but we’re keen to invite you through this channel once more. You can still RSVP, and you really want to attend this one. There will be some fun presentations, a gaming tournament and good food.
Let’s celebrate the future of gaming together, and raise our glasses to Merit Circle!
Together, we grow
It’s with excitement that we look ahead. We’ve recently announced Beam, and development has never been as busy as they currently are. Passionately building on a testnet, we can’t wait to allow our partners to play around and eventually deploy their assets on our network. The future is bright, as the Beam enlightens us!
Again, thanks everyone for your support. Together, we’re changing the game!
Our next newsletter will be sent early July.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. You should consult your own advisers as to those matters. References to any digital assets and the use of finance-related terminology are for illustrative purposes only, and do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein. There can be no assurance that the investments mentioned herein will be profitable. The digital assets referenced in this report currently face an uncertain regulatory landscape in several jurisdictions. The legal and regulatory risks inherent in referenced digital assets are not the subject of this content. The content speaks only as of the date indicated.