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Cryptocurrency News Articles
YGG Revolutionizes Crypto Gaming: From Guild to Guild Protocol
Mar 23, 2024 at 05:36 am
Yield Guild Games (YGG), initially established as a crypto gaming guild, has evolved into a guild protocol providing infrastructure for guilds across the blockchain gaming industry. As the largest guild in Axie Infinity, YGG recognized the need for standardized guild management tools and on-chain assets. This led to the development of a comprehensive guild system, currently being showcased in Pixels, an Ethereum-based social farming game. YGG's goal is to empower guilds through tokenized credentials, asset management tooling, and deep integrations into blockchain games, fostering collaboration and enabling guilds to thrive in the Web3 gaming ecosystem.
Yield Guild Games: Evolving from a Guild to a Guild Protocol
Yield Guild Games (YGG), a pioneering organization in the play-to-earn gaming sector, has embarked on a transformative journey from a singular guild to a comprehensive guild protocol. This evolution aims to empower all guilds in the Web3 ecosystem, enabling seamless collaboration, asset management, and deep integrations into blockchain games.
Genesis: The Axie Infinity Catalyst
YGG's story began as a vision to foster unity and collaboration among crypto gamers. With the explosive success of Axie Infinity, a blockchain-based monster-battling game, YGG seized the opportunity to establish itself as the leading guild. This strategic move solidified YGG's position as a trailblazer in the play-to-earn model, which allows players to earn cryptocurrency through gameplay.
Expansion Beyond Axie Infinity
Despite the decline of Axie Infinity's initial momentum, YGG remained resilient. The organization recognized the potential for high-quality crypto games on the horizon. It invested in assets for various games, developed infrastructure to support regional sub-DAO organizations, and prepared for the arrival of a new wave of blockchain gaming.
Birth of the Guild Protocol Concept
With the emergence of games like Pixels and Parallel, YGG identified an opportunity to reshape its role in the crypto gaming landscape. It envisioned a guild protocol that would serve as the infrastructure layer for all guilds to exist and thrive. This protocol would feature tokenized credentials, asset and role management tooling, and deep integrations into blockchain games.
YGG's Vision: On-Chain Guild Systems
YGG's ambition is to provide guilds with the necessary infrastructure to operate effectively on-chain and within game worlds. This includes enabling players to seamlessly carry their guild structures into games, embark on quests together, and collectively reap rewards.
Pixels: A Test Case for the Guild Protocol
Pixels, a popular social farming game built on the Ethereum scaling network Ronin, has become the testing ground for YGG's guild protocol concept. Its integrated guild system allows squads of players to enhance their competitive edge and distribute resources efficiently within the game world.
Guilds as Web3's Small Businesses
Gabby Dizon, YGG's co-founder, believes that guilds are the "small-to-medium enterprises of Web3." He emphasizes the critical need for proper infrastructure to support their growth and success. YGG's experience in managing Axie Infinity scholarships has equipped it with valuable insights into the challenges and opportunities faced by guilds.
Building a Comprehensive Guild Ecosystem
YGG's guild protocol aims to provide a comprehensive range of features and tools for guilds. This includes composable on-chain assets, tooling for transparent revenue sharing, credit rating systems, achievement tracking, and infrastructure for multisig wallets, NFT badges, and allowlists.
Collaboration with Game Studios
Beyond developing technical solutions, YGG is actively collaborating with game studios to provide guidance and develop content that empowers new players. This approach underscores YGG's commitment to fostering mutually beneficial relationships between guilds and game developers.
Countering the Extraction Narrative
Dizon acknowledges the misconception that guilds solely exist to extract value from game ecosystems. He emphasizes that successful guilds are driven by a desire to support games and create a thriving community for players. YGG's focus on infrastructure and education aims to dispel this negative narrative.
Conclusion: YGG's Role in Shaping the Future of Crypto Gaming
Yield Guild Games' evolution from a guild to a guild protocol represents a significant step forward for the crypto gaming industry. By providing the infrastructure and tools necessary for guilds to thrive, YGG is shaping the future of the play-to-earn ecosystem. Its unwavering commitment to collaboration, transparency, and player empowerment positions it as a driving force in the growth and sustainability of crypto gaming.
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