{"id":276402,"date":"2021-06-16T21:30:00","date_gmt":"2021-06-16T18:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/yield-guild-games-doubles-down-on-play-to-earn-model-with-4m-funding-round\/"},"modified":"2021-06-16T21:30:00","modified_gmt":"2021-06-16T18:30:00","slug":"yield-guild-games-doubles-down-on-play-to-earn-model-with-4m-funding-round","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/yield-guild-games-doubles-down-on-play-to-earn-model-with-4m-funding-round\/","title":{"rendered":"# Yield Guild Games doubles down on play-to-earn model with $4M funding round"},"content":{"rendered":"

“# Yield Guild Game<\/a>s doubles down on play-to-earn model with $4M funding round <\/strong>”
\n<\/p>\n

Yield Guild Games, also known as YGG, has received the backing of several venture firms and angel investors as it embarks on a mission to expand its network and popularize the play-to-earn gaming model.\u00a0<\/p>\n

The $4 million cash injection will be used to invest in nonfungible token, or NFT, assets of play-to-earn games, the company announced Wednesday. YGG describes itself as a decentralized gaming guild of players who generate yield from NFT-based games. <\/p>\n

Gabby Dizon, YGG\u2019s co-founder, further explained the rationale behind the guild:<\/p>\n

\u201cAt its core, YGG is a community of play-to-earn gamers. Think of it as a massively multiplayer online (MMO) guild, for example, but operating across several games, investing in yield-generating NFTs within those games, and lending those in-game assets and inventory out to our player base.\u201d<\/p><\/blockquote>\n

Related: <\/em><\/strong>Guild of Guardians pre-game registrations hit 133K as NFT sales surge<\/em><\/strong><\/p>\n

Jens Hilgers, a founding partner at BITKRAFT Ventures, identified games and virtual worlds as hotbeds of real economic activity. \u201cYield Guild is serving as a catalyst to this transition with very forward-looking concepts around the novel play-to-earn game model,\u201d he said.<\/p>\n

Blockchain technology<\/a> and gaming are two rapidly growing industries that are set to converge in more direct ways in the coming years. Globally, the gaming industry generated nearly $178 billion in 2020, according<\/a> to industry data. The blockchain sector, meanwhile, continues to attract new investors, business models and use cases, as evidenced by its surging market cap.\u00a0<\/p>\n

The play-to-earn model lends itself well to blockchain-based games that enable true digital asset ownership through NFTs. Although the play-to-earn model is possible within traditional monetary systems, it becomes harder to facilitate without the use of blockchain, cryptocurrencies or NFTs. <\/p>\n