I Ran a Crypto Gaming Guild
Then the Economy Broke

I ran Mega Kraken, an Axie Infinity guild. The channel later became Super Crypto Time, a solo news show.

MEGA
KRAKEN

The Guild and the Show

Explore the timeline

Q3 2021

Mega Kraken Guild. I bought the Axies and lent them to scholars. A team cost $700 to $2,000.

A Game With a $700 Buy In

Axie Infinity required three NFT creatures and a wallet. A competitive team could cost more than $2,000. Many of the people who wanted the income could not afford the entry capital.

I founded Mega Kraken Guild as a First Foundry project, bought the Axies, and lent them to scholars. They played and kept 70 percent of the earnings.

Across three time zones, delegated scholar leads kept a shared Google Sheet current and helped run parallel payment cycles.

Role: Founder and operator
Period: Q3 2021 to Q4 2022
Model: Guild funded scholarship pool

Play with
Mega Kraken.

Axie Infinity scholarships.
The guild funds the Axies.

Apply for a scholarship

Mega Kraken Guild

Apply to
the guild.

Start with a form.
Meet us on Discord.

Scholarship application

Axie Infinity

Mega Kraken Guild

Mega
Kraken.

An Axie Infinity guild.

How the
guild worked.

The guild bought the Axies and lent them to scholars.

01
Application form
Game knowledge and community experience.
02
Discord interview
A conversation before selection.
03
Scholar selection
Game knowledge and community engagement shaped the decision.

Earnings depended on the game economy.

What shipped

One custody policy

I held the private keys. Every manual cycle involved importing a wallet and sending two transactions per scholar.

A 70/30 split on Ronin

Scholars received 70 percent. Delegated handlers from the scholar pool ran payment cycles in parallel.

The Ronin Bridge funding loop

Wire transfers funded MetaMask, then the Ronin Bridge and the Mega Kraken fund wallet. Wrapped ETH bought more Axies.

Claim readiness in Axie Tracker

The tracker showed which wallets were ready to claim. Roster records paired payout addresses with daily SLP, claim balances and lifetime earnings. Axie costs and payback runway stayed in the same tracker.

Daily reporting across time zones

Scholar leads collected staggered reports and copied the numbers into the master Google Sheet.

A solo news show

I recorded from a home studio with OBS Studio and edited in Adobe Premiere before publishing to YouTube.

Eleven episodes remain

Episodes cover the guild, the Ethereum Merge, FTX, Tornado Cash, Vitalik, Joseph Lubin and Consensys, and the metaverse.

Operating stackAxie Infinity / Ronin Wallet / Ronin Bridge / MetaMask / Discord / Google Forms / Google Sheets / Axie Tracker / Wire / YouTube / OBS Studio / Adobe Premiere / ffmpeg

Every Payment Went Through
a Wallet, One at a Time

I held the keys and handled the split. Claim the SLP, calculate the scholar’s share, send it, move the guild share, and do it again for the next wallet. A payment cycle once took three days.

“I had a payment a few weeks ago. It took me three days to do these payments.”
Michael, Mega Kraken Guild / December 2021Watch the manual payments episode

Manual Payment Costs

The third party bot route was killed in the first week. It charged 3 percent per claim and required uploading private keys. Keeping custody meant keeping the manual work. Building our own automation was the sustainable direction, but the crash arrived first.

The Funding Path

FiatWire transfer
MetaMaskWallet
Ronin BridgeBridge
Fund walletMega Kraken
Wrapped ETHConversion
More AxiesScholar assets

SLP → Ronin Wallet

Two transactions per scholar, per cycle.

70%

Scholar payoutSent to the scholar’s wallet

30%

Guild shareReinvested in more Axies

Each payment involved twelve manual steps, from importing the wallet and claiming SLP to checking the balance, calculating the split, sending both shares and updating the tracker. The December 2021 video walks through a 16.72 SLP claim.

MEGA
KRAKENGUILD
PAYMENTS

PAYMENT SENT

Your share is on its way.

Hey Nilo, your scholar share for this cycle has been sent on Ronin.

1,029SLP
SCHOLAR SHARE

Total earned: 1,470 SLP
Your share 70%: 1,029 SLP
Guild share 30%: 441 SLP

Check your wallet, then confirm in the payments channel.

# payments ↗

MEGA
KRAKENWEEKLY
SUMMARY

REPORT COMPLETE

A week in your guild.

Hey Nilo, your seven daily reports are in the master sheet.

Total earned: 1,470 SLP
Scholar share 70%: 1,029 SLP
Guild share 30%: 441 SLP

Your scholar mod checked the reports. Payment updates go in the payments channel.

7 daily reports ✓ All checked

Delegation Made the Cycle Possible

In the December 2021 video, I put the manual ceiling at about 80 scholars for one operator. Growing past that required parallel payment cycles across trusted handlers drawn from the scholar pool. Scholar count and minutes per claim determined how many people the cycle needed.

The Currency Paying for the Work Collapsed

Daily output stayed near 140 SLP per scholar. Across the run, the token fell from $0.30 to below $0.003. The labor continued while its dollar value disappeared.

From$0.30

To below

$0.003

The guild made zero net dollars.