Business News Report
March 01, 2023

Web3 Gaming DAO Game7 Launches Gamified Community Management Protocol Summon

Web3 Gaming DAO Game7

Today at EthDenver, web3 gaming DAO Game7 has announced the launch of Summon, a new community management and governance platform. 

Summon allows DAOs to measure the contributions of their members by assigning a soulbound NFT to each member, which evolves as the member contributes, making each soulbound token upgradeable. It automates the measurement of contribution, recognition, and reward to allow for self-moderation. 

The platform aims to solve the free rider problem that web3 communities face: early community members get allocated or buy up governance tokens at a lower price without offering any long-term contributions. Later entrants may contribute more effectively but may not have enough tokens to influence governance.

To address this issue, Summon progressively grants status, access, influence, and power to those who contribute to the ecosystem. XP, or experience points, are awarded to users as they complete quests and tasks, and their rank within the community automatically increases, allowing them to unlock additional features and rewards in real time. 

The plug-and-play product enables any DAO or distributed community to integrate it with their existing community management tool stack. For instance, communities with active members on Discord, Charmverse, Twitter, and Reddit could register a Summon admin tenant, easily create quests in a no-code manner and provide members with rewards, status, access, or a variety of other benefits based on the completion of those quests.

The more contributions a user makes, the more XP they collect, increasing their rank and influence in the DAO, leading to a meritocratic governance model that distributes power and governing rights to the most productive members of the ecosystem.

“The meritocratic governance model aligns with the values and goals of Game7, and what we believe are the values and goals of Web3: to give power to the individual and create meaningful impact by coordinating a decentralized community. Web3 is an experimental test bed and many communities have launched a token hoping that through this simple mechanic a community would align and succeed, but the underlying requisite for this success has always been effort and engagement,”

Jon Allen, Game7 Core Contributor and Summon Head of Partnerships told Metaverse Post.

The platform will initially be rolled out for the next few months within the Game7 DAO, which incubated the product, with plans to expand to other Web3 communities in the near future.

Read more:

Tags:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

More articles
Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

Hot Stories

Bitcoin Layer-2 Project BEVM Unveils Mainnet Launch

by Alisa Davidson
March 28, 2024

Tether’s USDT Now Deployed on Celo Network Mainnet

by Alisa Davidson
March 27, 2024
Join Our Newsletter.
Latest News

Bitcoin Layer-2 Project BEVM Unveils Mainnet Launch

by Alisa Davidson
March 28, 2024

Supply and Demand Zones

Cryptocurrency, like any other currency, is a financial instrument based on the fundamental economic principles of supply ...

Know More

Top 10 Crypto Wallets in 2024

With the current fast-growing crypto market, the significance of reliable and secure wallet solutions cannot be emphasized ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Bybit Launches VELAR Token on Launchpad, Offers Early Access to Investors
News Report Technology
Bybit Launches VELAR Token on Launchpad, Offers Early Access to Investors
March 28, 2024
Celestia Deploys Blobstream Data Proof Bridge On Base Mainnet
News Report Technology
Celestia Deploys Blobstream Data Proof Bridge On Base Mainnet
March 28, 2024
Bitcoin Layer-2 Project BEVM Unveils Mainnet Launch
News Report Technology
Bitcoin Layer-2 Project BEVM Unveils Mainnet Launch
March 28, 2024
Fidelity Applies for Spot Ethereum ETF with SEC S-1 Filing
Business News Report
Fidelity Applies for Spot Ethereum ETF with SEC S-1 Filing
March 27, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.