### What is Merit Circle? 

Merit Circle is a decentralised autonomous organisation (DAO) dedicated to enhancing yields in play-to-earn games and the metaverse. It aims to support gamers and developers by integrating blockchain technology into gaming, offering true ownership of in-game assets.

### How does Merit Circle work?

Merit Circle operates on the Ethereum blockchain, using a decentralised governance model. The MC token allows holders to participate in decision-making processes within the DAO. It supports the gaming ecosystem by providing scholarships, managing a treasury with in-game assets, and offering NFT markets through platforms like Sphere.

### What are the potential use cases for Merit Circle?

1. **Play-to-Earn Games**: Supporting games that allow users to earn cryptocurrency by playing.
2. **NFT Marketplace**: Operating a platform for trading NFTs and in-game assets.
3. **Beam Network**: Provides blockchain solutions for gaming, offering true asset ownership and decentralised transactions.
4. **Community and Education**: Offering educational opportunities and scholarships to gamers, fostering a community-driven governance model.

### What is the history of Merit Circle?

Founded in July 2021 by Marco van den Heuvel, Merit Circle originated from the Axie 420 Scholarship Program. It expanded beyond Axie Infinity, quickly developing its DAO structure and governance model. Significant achievements include the migration to BEAM tokens, the introduction of a new staking module, and its integration in the wider blockchain gaming industry.

Merit Circle

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