Bittime - YGG is pleased to announce a collaboration with LongHash Ventures, a leading web3 investment firm. LongHash has expertise in governance, developing successful web3 projects, and building connections within the web3 ecosystem.
This partnership involves LongHash purchasing YGG tokens and actively contributing to the development of the YGG guild protocol and its tokenomics around quests and guild progress on the blockchain.
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LongHash Ventures: Web3 Investment Giant
LongHash Ventures has a team of crypto specialists focused on developing the nascent web3 ecosystem. They have invested in more than 100 web3 startups, including pouring $150 million into infrastructure and gaming companies in Asia. Their portfolio includes industry leaders such as Polkadot, Filecoin, Safe, and Axelar.
Wei Shi Khai, Co-founder of LongHash Ventures, emphasized the importance of blockchain guilds in accelerating the adoption of web3 games. He sees YGG as a hub for guilds and a driver of guild innovation, which will create gaming experiences and social quests.
Strengthening YGG's Position as a Guild
This partnership strengthens YGG's role as a guild alliance, creating an innovative system for web3 gamers to connect and explore new games together. YGG has played a key role in engaging and retaining players in popular games such as Axie Infinity: Origins and Pixels.
Partner games in the YGG ecosystem have embraced features such as Superquests and the Guild Advancement Program (GAP), demonstrating the effectiveness of YGG's approach.
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Revolutionizing Web3 Gaming with On-Chain Reputation
YGG's introduction of on-chain reputation has had a significant impact on the web3 gaming ecosystem. This allows players to build credibility and gain recognition within the web3 world, while providing developers with valuable insight into their community.
This approach has led to a steady increase in the number of unique wallets and social media engagement among partner games.
A Shared Vision for the Future of Web3 Gaming
YGG co-founder Gabby Dizon highlighted the importance of this partnership in achieving YGG's goals as a guild alliance. He emphasized their joint efforts to accelerate web3 adoption in emerging markets and create opportunities in leading internet-based economies.
YGG's Incredible Growth Trajectory
Since its founding in 2020, YGG has partnered with more than 100 games and networks, including XPLA, Oasys, and Polygon. They have also supported various infrastructure projects, which contribute to the rapidly growing web3 gaming ecosystem. As of February 2024, YGG's partnerships have a combined value of US$50.41 million, a testament to their unwavering commitment to the advancement of web3 gaming amidst market challenges.
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Building a Global Web3 Gaming Community
YGG has grown from its roots in the Philippines to a network of 3 million gamers across seven regions. Guild partners around the world are actively promoting the rapidly growing web3 esports scene and introducing new players to web3 games.
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