Participated · Equity · Dec 2021

Yield Guild Games (YGG) operates as a play-to-earn gaming guild that aggregates players and gaming assets for blockchain games. The company has expanded via geographically focused subDAOs, most recently launching YGG SEA to target Southeast Asia. YGG SEA was co-founded by Evan Spytma, Dan Wang, and Irene Umar and will focus on driving P2E adoption and expanding the YGG network in the region. YGG has been actively fundraising to support growth: the parent guild and its subDAOs have attracted institutional and industry backers. YGG previously raised $4.6 million in a separate round led by Andreessen Horowitz to expand its global community. The company has also disclosed plans to acquire $1 million worth of NFT gaming assets from Star Atlas. Yield Guild Games (YGG) is a decentralized gaming outfit that purchases or breeds yield-earning in-game assets (NFTs) and loans those assets or the funds to acquire them to 'scholars' so they can play blockchain games such as Axie Infinity. Players earn in-game tokens that can be converted to local currency, and YGG takes a small cut of the in-game revenue generated by those players. The model originated when founder Gabby Dizon began lending Axies to other players during the pandemic to help them earn income. At the time of the article YGG had about 5,000 scholars, a majority in Southeast Asia, and is focusing on scaling internationally. The company frames itself around redistributing ownership and value in game assets back to players through play-to-earn mechanics. Yield Guild Games is a Philippines-based online gaming guild that allows players to earn cryptocurrency rewards. The company raised $4 million in a Series A funding round. The Series A was led by BITKRAFT Ventures. BITKRAFT Ventures is described in the article as a venture capital investor focused on gaming, esports and interactive media. The article does not provide operating metrics, use-of-proceeds details, or additional investor names. Yield Guild Games pools capital to buy NFTs and virtual land in blockchain games and shares profits with players who earn in-game rewards. The organization has invested in assets such as 88 plots of Savannah land in Axie Infinity and a 12-by-12 estate in The Sandbox, spending more than $100,000 on those two transactions. Its Discord community is around 2,500 people, with roughly 280 active players; the guild has earned about four million Small Love Potion (SLP), roughly $160,000, split among hundreds of players. YGG plans to hold and monetize its virtual land and use a YGG protocol to share profits; the group says a DAO is being planned but does not yet exist. Founders include Gabby Dizon, Beryl Li, and Owl of Moistness. The guild intends to operate across multiple NFT-based games, accelerate the play-to-earn model, and raise additional funding in the future.