The actual update on Yield Guild Games

The actual update on Yield Guild Games

Influence, CyBall, Thetan Arena, KOGs SLAM!, MOBOX, Aavegotchi, DeHorizon, and Genopets have all partnered with Yield Guild Games (YGG), a decentralized gaming guild led by Filipinos that lends gaming NFT assets to players so they can begin playing and earning from blockchain play to earn games with no upfront costs beginning in October 2021. YGG, which was founded in late 2020, now owns and runs over 18 popular play to earn games for its customers, including Axie Infinity, Splinterlands, and Zed Run.

Following a total of US$22.4 million in funding earlier this year, including $9.9 million in an initial round led by Delphi Digital, an intermediate round led by BITKRAFT, and an advanced round led by a16z, as well as a US$12.5 million initial sale of its tokens to gamers, YGG plans to use the funds to acquire assets in leading NFT play to earn games in order to provide its community with opportunities to play and earn income in blockchain-based game economies. The most current Asset & Treasury Report contains a detailed breakdown of YGG’s crypto holdings. Click here for taking a sneak peek into the best play to earn games.

“Community participation is a vital component of any YGG game purchase,” said Sarutobi Sasuke, YGG’s Head of Partnerships, outlining the company’s approach to assessing the prospects associated with various NFT play to earn games. “The team reviews the gameplay and game economics to ensure that the play to earn games have a robust and fair game economy that adequately compensates players for their time and effort,” he said, adding that a guild, team, or league component is also important because it encourages cooperative effort among the guild’s scholars.

The following is a rundown of YGG’s most recent game collaborations, including details on the in-game assets the guild purchased and the user advantages they will give.

Influence

Influence is a space strategy-focused massively multiplayer online game (MMO) that mixes fun gameplay with true ownership of NFT game assets. Players compete in a number of ways, including mining, building, trade, research, and conflict, and take third-person control of their ships and the facilities they build in an immersive three-dimensional universe. With the introduction of their soon-to-be-released token, SWAY, which players can obtain via gameplay, Influence allows in-game transactions for resources, components, ships, and asteroids.

The 46th largest asteroid in the Solar System, KJ-44947, a carbonaceous C-type asteroid, has been purchased by YGG. YGG has also acquired around 30 small asteroids for the YGG community’s benefit.

CyBall

CyBall is a play-to-earn game with a cyberpunk theme in which players collect, trade, mentor, and fight CyBlocs, who are fictitious cyborg characters represented on the blockchain as collectible and transferable NFTs. Players may use their CyBlocs to play in a range of game kinds with varying rewards by developing their CyBlocs. Existing CyBlocs may also “mentor” younger CyBlocs, allowing the next generation of unique NFTs to flourish.

In collaboration with CyBall, YGG was able to obtain a part of the initial Genesis CyBloc NFT packets, allowing YGG to equip at least 1,000 CyBall students from the start.

The actual update on Yield Guild Games

Thetan.

Through a combination of gaming talents and teamwork, users may recruit friends, form teams, fight other players, and earn token rewards in this mobile-optimized multiplayer online battle arena (MOBA) game. The game is free to play, and players may earn Thetan Coins, which are in-game tokens (THC). Additionally, the game contains a play-to-earn feature that allows players to earn more tokens by using Premium Heroes.

At Thetan Arena’s token auction, YGG acquired 250 Common Heroes, 100 Epic Heroes, and 50 Legendary Heroes.

SLAM 

RFOX’s KOGs SLAM! is a blockchain mobile game with rules that are reminiscent of the 1990s craze POGs. KOGs SLAM!, on the other hand, has evolved into a digital game that incorporates NFT products as game components. KOGs are non-fungible tokens (NFTs) that may only be used on the WAX network. They are collectible, playable, transferrable, and slammable. KOGs SLAM! introduces a play-to-earn idea to millions of Southeast Asian users, allowing players to earn KOGs and in-game tokens called KOINS via daily goals and tournaments, and then trade their winnings for real-world cash.

YGG has also purchased one of two Marquee Brand SHOPs in RFOX VALT’s Gaming quarter, an interactive and fully immersive retail experience with gaming components that forms its own isolated Metaverse virtual environment. Members of YGG will be able to interact with the community, collect NFTs, and play to earn games by visiting YGG’s SHOP in VR.

MOBOX 

MOBOX is a community-driven gaming platform that combines yield farming with non-fungible in-game tokens to offer a free-to-play and play-to-earn gaming experience. MOBOX presently features four play to earn games on its platform: MOMO: Block Brawl, MOMO: Token Master, MOMO: Farmer, and MOMO: Trade Action are some of the MOMO games. Extra characters, lottery wheels, and incentives may all be purchased using MBOX, the MOBOX DAO’s native governance token.

YGG has obtained five Legendary MOMO NFTs with the YGG logo, as well as 100 KEYS that may be used to harvest MBOX tokens in every MOBOX play to earn games.

The actual update on Yield Guild Games

Aavegotchi 

Aavegotchi is a virtual pet game similar to Tamagotchi, except with pixelated ghosts that live on the Ethereum blockchain and use the Polygon network. These ERC-721-compliant NFTs are valued based on their rarity level, which is decided by a variety of factors such as basic attributes, equipped wearables, and the amount of staked collateral, such as Aave Protocol interest-bearing tokens. A player may visit their property and rent it out to Aavegotchis to share a piece of the agricultural produce and access further farming options, as well as the entire spectrum of social and adventurous gameplay, by connecting their wallets.

YGG and its subDAOs Yield Guild SEA and Yield Guild ASIA have purchased Yield Guild-themed land plots (REALM parcels) as well as Aavegotchi avatars. Wearables will also be available before the Gotchiverse launches in December.

DeHorizon

Additionally, YGG scholars have access to the DeHorizon metaverse’s huge fantasy world, where they may play for fun or make money. Players will be able to explore an expansive world of epic battles, minting NFT monsters, mining resources, embarking on heroic quests, and taming wild creatures in DeHorizon play to earn games, which will be based on Ethereum-EVM compatible chains. DeHorizon games include DeVerse, a group-versus-group adventure game, DeTournament, a weekly battle royale game, and DeQuidditch, a dragon-riding fantasy sports game.

Unique weaponry and equipment, a Dragon racing team, a DeMeta Pass ID, and 40 monsters known as JuJus have all been earned by YGG in the DeHorizon play to earn games.

Genopets

YGG also extended its gaming assets inside the Solana ecosystem by partnering with Genopets, a play-to-earn game that pioneered the use of move-to-play concepts and promoted physical activity. Genopets are generative NFTs with eight different bionic traits and extremities that fall into one of five elemental groups that may be tweaked and customised. The software transforms users’ real-world movement into XP (experience points) for in-game progression, combining Tamagotchi-style care with Pokémon-style training and fights via asynchronous puzzle mini-games.

In addition to GENE governance tokens, YGG has bought custom-branded Genopets Habitats.

Taking a sneak peek into the play to earn world

Taking a sneak peek into the best play to earn games

To leverage on the fast developing “play-to-earn” gaming business, PlayDough Technologies has raised $2 million in funding. The platform advertises itself as a “conduit that democratizes access” to the play to earn games economy, which has become a lifeline for millions of people across the globe, particularly in developing countries.

While Western gamers may be unfamiliar with the notion of play to earn games (at least beyond the top rung of competitive e-gaming), such best play to earn games are gaining momentum in a number of developing nations thanks to blockchain technology. The idea is that players are rewarded for their time spent playing with virtual money that can be spent in the game, transferred to other games to earn money, or converted into other currencies. They may also get non-fungible tokens (NFTs), which let players to store rewards and achievements acquired in the game – such as a new weapon or outfit – indefinitely for use or sale elsewhere.

Axie Infinity is the most well-known game in the genre, in which players must construct a squad of three monsters called Axies after axolotls and then use them to complete chores and fight battles. Users earn Ethereum-based coinage while they play, and each Axie is digitized as a non-fungible token (NFT). Axie Infinity has a large player base across Asia, particularly in the Philippines, where it now accounts for a major portion of some people’s income.

Taking a sneak peek into the play to earn world

The problem of this approach is that it requires players to make an initial investment to begin playing – in the case of Axie Infinity, PlayDough co-founder Mehul Khati notes that getting started with three Axies now costs roughly $3,000. This is where PlayDough comes in: it has made a direct investment in Axie Infinity, acquiring and breeding more Axies. Customers of PlayDough may then use its Axies to play the game, splitting the income created; PlayDough keeps around 30% of the revenue generated.

“We feel our industry is at the crossroads of many important events,” Khati says. “With this at the center of it all, we’ve witnessed the rise of best play to earn games, collectibles, the metaverse, and decentralized money.”

PlayDough works effectively as an investing platform, allowing users to build gaming NFT portfolios, as well as a gig economy facilitator, ensuring that new players can overcome the early costs of generating money from the game.

It’s a fast-paced profession with a lot of unsolved questions. Some have likened the concept to gambling; the value of a virtual currency in a game would inevitably change, exposing players to instability that might be detrimental if they rely on the earnings. There is also concern about a lack of regulation in the business, as there is with other blockchain applications; for example, game providers are not obligated to meet anti-money laundering or know-your-customer requirements.

Nonetheless, Khati is certain that this is a sector that will see significant growth in a number of locales. He claims that “gaming seems to be hastening the spread of cryptocurrency’s borderless concepts.” “While building a community around PlayDough has been rewarding, the ability to see play-to-earn as a yield generation strategy has also motivated the trader in me – we’ve developed valuation models, breeding strategies, and training programs to help our community generate the highest yield possible.”

Customers of the PlayDough platform will ultimately have access to a far larger range of play to earn games, with titles like Sorare and Gods Unchained currently accumulating inventory. Khati believes that “cross chain worlds,” in which currencies and NFTs may be moved across best play to earn games to make money, have a lot of promise.

Taking a sneak peek into the play to earn world

The firm’s investors are likewise happy. “We think PlayDough is evolving at the confluence of four of the most important developments in the blockchain sector,” says Shamyl Malik, managing director of Westridge Markets, PlayDough’s principal investor.

NFT Gaming is a company that specializes in video games

The NFT gaming sector has grown in tandem with the popularity of crypto play to earn games. The debut of NFT play to earn games, which expanded from best play to earn games to collectible play to earn games based on the Pay to Earn principle, gave crypto gaming a boost in the first quarter of 2021. Trends have always propelled the gaming industry, and the latest trend in NFTs is no exception. While it is no secret that the NFT industry has grown to be a multibillion-dollar industry, play to earn games are without a doubt one of the most popular uses for NFTs. Much of the NFT industry is now focused on gaming, which provides gamers with several opportunities to collect unique in-game products.

Although the terms crypto gaming and non-financial trading (NFT) gaming are frequently used interchangeably, there is a significant difference between the two. While crypto gaming focuses on trading with other players using crypto currencies, NFT gaming employs native tokens to create or accumulate NFTs. Any in-game asset, such as utility, armor, or land, may be converted to NFT and owned, traded, and sold on the blockchain via NFT gaming. Furthermore, the NFT gaming platform gives gamers access to NFT markets, where they may buy and sell one-of-a-kind NFTs. Axie Infinity is a popular NFT-based online video game. With nearly $42 million in sales as of June 2021, it is now the most expensive collection of NFTs.

In addition, GameFi, a new kind of blockchain gaming that combines decentralized finance (DeFi) features with gaming, is gaining traction. One such game is MOBOX, a BSC-based game that mixes NFT collectibles with yield farming and other DeFi services. A flurry of supporting products focused on GameFi (Game Finance) are expected to emerge, adding new aspects to crypto gaming. Users may, for example, utilize their game assets as collateral for loans or just borrow an item to use in-game to produce new assets. There are a variety of creative ways to make money.