Merit Circle is a decentralized autonomous organization (DAO) focused on maximizing yield across play-to-earn (p2e) games and the metaverse. The DAO manages capital allocated among managers and players to earn crypto assets by playing games. The project aims to develop opportunities to earn MC through play-and-earn platforms for people who want to help build the metaverse. Its platform hosts scholarship opportunities and educational opportunities to assist gamers on their journey towards earning crypto in the metaverse. The ecosystem is made up of gamers, community managers, and DAO contributors.

Merit Circle was initially known as Axie 420, a scholarship program for the blockchain-based Axie Infinity game. With the rebrand, the DAO is focused on expanding beyond Axie Infinity into other crypto games. Collaboration efforts that Merit Circle has announced include Yield Guild Games, Sipher, UFO, Vulcan Forged, Nyan Heroes, and more.