Yield Guild Games (YGG) Launches ‘Onchain Guilds’ on Ethereum L2 Blockchain Base

Web3 gaming guild protocol Yield Guild Games (YGG) announced that it is launching a new platform called “Onchain Guilds” on Base, a layer two solution for the Ethereum blockchain.

Web3 gaming guild protocol Yield Guild Games (YGG) announced today the launch of a new platform called “Onchain Guilds” on Base, a layer two solution for the Ethereum blockchain.

Onchain Guilds will allow guilds to build and manage their reputation through verifiable records of their work and achievements on the blockchain—all while enjoying Ethereum’s security and Base’s benefits, according to a statement.

The announcement was made by YGG Co-Founder Gabby Dizon during a fireside chat with Emfarsis Director Leah Callon-Butler at the YGG Play Summit Industry Day.

“That remains the hallmark of YGG today, that onboarding and education that we do for communities to onboard them into blockchain technology, into web3, give them essential skills where they can learn, how to have valuable skills where you can earn and own your own assets, and you’ve been part of the guild world.”

Gabby Dizon, Co-Founder, Yield Guild Games

Dizon then stressed that guilds remain a key factor in the web3 gaming community, though some interests lay down during the bear market.

“I see guilds as the small to medium enterprises of the internet. What makes web3 special is that you have the ability to own assets as a group, and that’s never really been possible on the internet before, except if you’re in a specific video game. And now these skills are coming together. This phenomenon of us getting together on the Internet and owning assets in the multiplayer way is really something that’s cool.”

Since guilds are a group of people doing things together, making an on-chain primitive of these guilds will make them powerful, as per Dizon.

“We’ve been serving these guilds all of this time but we wanted to create this on-chain primitive for them to really have their own on-chain identity. And that’s that’s where the inspiration for Onchain Guilds came from. There’s a lot of people doing different crypto primitives—in DeFi, in NFTs, but we have what we want is to create this primitive for groups of people owning assets together.”

Why Base?

“I’ve been very fortunate to meet with Jesse Pollak earlier this year and Jesse is very passionate about bringing everyone around the world on-chain. And of course, Coinbase being started America, but they’ve done a big push towards emerging markets in Africa, in India, in Southeast Asia and we really bonded over just a shared mission of having equal opportunity and access to all of these different economic opportunities on-chain. And I was telling Jesse about Onchain Guilds and he got really excited about it.”

What Base Could Bring to Onchain Guilds?

“When we’re talking about web3, when we’re talking about on-chain, when we’re talking about gaming, what we’re talking about is a new economy, a new internet where if you’re a game developer or a player, you actually know what’s going on.

Even if you’re just an everyday person, you’re going to actually get access to every app to every financial service, regardless of where you’re born, regardless of where you live, regardless of who you are, regardless of what phone you have, because you are building the new economy with us and you’re going to get to benefit from us.

So then when, we’re talking about on-chain, that’s what we’re talking about. We’re talking about a better future. We’re talking about a better future for all of us, built by the people, built for the people, built by Filipinos, built for Filipinos, and built for the entire world.”

"Welcome to the new era that will be open to gamers and everyone," said Base Creator Jesse Pollak."It's time for change. We're talking about onchain gaming. This is the new internet, where when you play, you bring value to the game, and you earn money." pic.twitter.com/eR8YozDfbA

This article is published on BitPinas: Yield Guild Games Launches ‘Onchain Guilds’ on Ethereum L2 Blockchain Base

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