There are two types of guilds that he saw in the space. There's micro guilds that are really reliant on scholarships and they make money just from the rewards. And then there's macro guilds that mostly derive most of the value from investments they make. I think this year guilds are specializing even further. It could be e-sports, it could be creators, could be investments, could be product. For example, there are guilds that help with lore, for example, in different games.

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