The crypto gaming guild continues to construct regardless of an ongoing bear market within the trade.
Builders Keep Building
Despite the general bear market, Yield Guild Games, one of many first PlaytoEarn blockchain gaming guilds within the trade, stays bullish on the house and is doubling down on their investments.
Recent market circumstances haven’t been favorable for many stakeholders in blockchain gaming. Leading blockchain video games in 2021 noticed the costs of their cash, and the variety of gamers of their ecosystem, drop considerably in 2022. But in a tweet on July 26, YGG revealed what the crew has been constructing regardless of the crypto bear market.
“We believe that the space is still very young and there are a lot of opportunities,” John Sedano, YGG’s Global Community Marketing Manager, informed BSCNews. “No one really saw [Axie Infinity] coming, so that’s the same mentality we’re working with. We are seed investors for over sixty projects, we’re hiring more, creating new verticals, and basically doubling down because we’re very bullish on the space. Gaming is rapidly evolving and we think the industry is ripe for another phase in its evolution, and YGG will always be taking the lead.”
Sedano additionally mentioned that regardless of dropping guild members due to the bear market, the guild continues to be rising general on account of new subDAOs shaped underneath YGG. The crew additionally employed former Binance Director of Southeast Asia Colin Goltra, artistic trade knowledgeable Jen Yu, and internally promoted head of product growth KNIGHTAV, to contribute their experience to the guild.
YGG can be seeking to develop new verticals. Its eSports groups (who had profitable stints in tournaments just like the Axie Infinity Retreat, Lunacian Scholarship League Esports occasions, and Galaxy Cup) and the guild’s media content material (by way of occasions protection, month-to-month guild and Web3 recaps, scholar highlights, and extra) are amongst these they plan to develop additional.
“On the Esports side, another recent hire was Mike Ovecka, who was from the Esports department in Blizzard,” Sedano mentioned. “He is focusing on the Axie Infinity Esports team [of YGG]. For media, we’ve been aggressive in creating Esports content, YGG TV, and covering physical events. Watch out for that content!”
Sedano additionally mentioned that the guild is planning on creating extra occasions for the crypto group, together with blockchain week, YGG street journeys, and each on-line and in-person Esports tournaments. YGG can be constructing group merchandise, like their Guild Advancement Program, which gamifies guild participation by way of quests that reward NFTs which might be exchanged for YGG tokens. New video games that partnered with the guild are additionally popping out quickly, giving extra alternative for guild members to be a part of new Esports groups and be part of extra tournaments to symbolize YGG.
“You can see YGG as an Esports and gaming community, but with the power and leverage of Web3,” Sedano mentioned. “We are connected with the biggest crypto projects and personalities, and have the help of the entire industry in building out the biggest guild in the metaverse.”
Check out YGG’s newest Medium submit for extra data on what guild has been as much as throughout the bear market.
What Is YGG:
Yield Guild Games is a blockchain gaming guild that seeks yield all through the metaverse. It was based by Gabby Dizon and Beryl Li and initially began with common blockchain recreation Axie Infinity, however has since expanded into different blockchain video games as nicely. The group appears to empower and onboard individuals to web3 utilizing blockchain gaming.
Where to seek out YGG:
Twitter | Website | Discord | Medium | Whitepaper
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