If you’re looking to get into the lucrative world of P2E gaming, Yield Guild is your best bet. People in poor economies can benefit from Play-to-Earn, but it may be too difficult for one person to get started. YGG aims to operate as a middleman in the capital markets by acquiring scarce but productive NFTs.
What is the yield guild games roadmap? Let us learn more about this.
Read this to learn all about How Yield Guild Games Works
Table of Contents
What is Yield Guild Games roadmap?
Let us start the roadmap with the history of YGG:
Gabby Dizon and Beryl Li founded YGG to bring liquidity and experience to the realm of NFTs in blockchain gaming. Thus, YGG occupies a particular position at the nexus of gaming, NFTs, and DeFi. Virtual world-based NFTs is sought to be maximized in value by obtaining the most valuable and distributing them to those who are most equipped to use them. YGG is well-positioned to attract and convert non-crypto gamers into crypto gamers. Gamers are frequently the first adopters of any new technology.
YGG’s value proposition is well-illustrated by Axie Infinity. To begin making money in Axie Infinity, one must obtain three Axies, the digital creatures at the heart of the game’s gameplay. Axies are the most productive NFTs in gaming since they generate in-game currency that can be exchanged for real-world money. The high cost of axies makes the player base’s organic expansion and eventual adoption constrained.
Axies are leased to “scholars,” or individuals who are willing to learn the game and pay a portion of their revenue to Yield Guild in this scenario. Using this case study as a model, we can explore the potential of gaming NFTs in general. This might be used to generate cash for the DAO by renting out YGG’s land in the SandBox or CryptoVoxels. It’s important to note that Yield Guild’s goal is to traverse blockchain games while collecting the most profitable and valuable NFTs for its treasury. As a result, the company will look for reputable operators to take on these assets and ease the financial pressures of entering the blockchain gaming industry.
The YGG team is now concentrating on Axie Infinity, The SandBox, and League of Kingdoms after launching the public token sale on July 27th, 21. Right now, these are the PTE games with the most evident connection to the guild.
Who invested in YGG?
More than $6 million in funding has been given to India’s subDAO of Yield Guild Games (YGG), IndiGG, Sequoia and Lightspeed Venture Partners, and Jump Capital. In this round were Variant Fund and Dune Ventures and Griffin Gaming Partners and Transcend Fund and Animoca and Sfermion, and IVC and Emfarsis.
In addition to Ohanian, Brevan Howard’s Alan Howard, and other Indian gaming and entertainment business executives, investors included Reddit’s Alexis Ohanian, Nazara’s WinZo’s, WinZo’s Hindustan Talkies’ and Mobile Premier League’s (MPL).
How will the money be spent?
YGG provided an additional $1 million in pre-seed funding to IndiGG, which will support the platform’s growth and bring in more Indian gamers to the web3 world of play-to-earn gaming. In addition to promoting the Play-to-earn movement on a local level, growing the team and planning community events are all responsibilities of this position.
The gaming market in India
As of November 2021, the Indian gaming sector is already generating $1.8 billion in revenue, with more than 400 million individuals currently playing online video games in the country, according to a report by BCG and Sequoia Capital. By 2025, this market is expected to triple in size.
Guild model based on play-to-win
“This new web3 frontier is expected to be established in India’s favor. Game-based learning is an ideal way to engage our next generation of talent, and we have everything we need to do so, “Lightspeed Venture Partners partner Hemant Mohapatra says
After supporting NFT assets for Axie infinite, Pegaxy, Fancy Birds, Nyan Heroes, and Nitro League for the Indian market, IndiGG will begin bringing new games to the Indian market. Students at IndiGG will get access to the latest releases thanks to Polygon Studios and their burgeoning Web3 gaming ecosystem that includes titles like Zed Run and Skyweaver by Horizon Games.
A relationship with Polygon Studios will introduce “the play-to-earn guild model to one of the gaming communities in one of the world’s major rising economies,” said Gabby Dizon, the Co-founder of Yield Guild Games.
These games often use NFTs, which are blockchain-based digital assets required by participants to play. With the inclusion of these assets, it is now possible for players to have a real stake in the game’s content and create a thriving economy. For individuals who want to join the play-to-earn revolution, the guild will also grant scholarships to selected beneficiaries, allowing them to rent out NFT assets owned by the guild to play games and start earning.
Who owns YGG?
His father brought back a Commodore VIC-20 from the United States when Gabby Dizon was three years old.
This experience sparked Dizon’s enthusiasm for gaming, and he is now taking it to the next level with his Philippine-based blockchain gaming firm. Play-to-earn gaming guild that he co-founded in 2013 has raised US$4.6 million in a fundraising round led by venture capital company Andreessen Horowitz (a16z). As far as we know, this is a16z’s first investment in a Filipino start-up company.
“I didn’t own a Nintendo system at all. I was surrounded by PC-based role-playing games like those developed by early BioWare and Ultima as a child. The games back then were incredibly simplistic, like Hangman, Stargon, and blocky games. “My dad figured that if I was going to play on the computer all day, I might as well study something while doing it,” Dizon said.
Play-to-Earn games, such as Axie Infinity, are the focus of Yield Guild Games (YGG), a GameFi DAO that functions like an eSports team. Since December 2020, it has been in operation. To encourage blockchain-based games, Yield Guild Games is a decentralized autonomous organization (DAO) that allows gamers to invest in virtual worlds with NFTs.