Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n

Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n

With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n

The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n

The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n

Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia

April 27, 2022 - Updated on September 13, 2022

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\n

While the initial round was led by YGG and Infinity Ventures Crypto (IVC), the follow-up round saw participation from Crypto.com Capital, Animoca Brands, MindWorks Ventures, Poloniex, Jump Capital, Sembrani Kiqani (a fund by BRI Ventures), Circle, Digital Currency Group, Hashed, Polygon, Bukalapak, United Overseas Bank (UOB) Venture Management,  Arca Funds, Evernew Capital, OKEx Blockdream Ventures, Yolo Ventures, SevenX Ventures, LongHash Ventures, Hashkey Group, Morningstar Ventures, Rise Capital, Dialectic, SweeperDAO, PetRock Capital, DNC Ventures, FBG Capital and Emfarsis.<\/p>\n\n\n\n

Animoca Brands CEO Robby Yung commented, \u201cAs an investor in YGG, Animoca Brands is a supporter of the YGG SEA team, its business model, and its regional focus. We believe YGG SEA will strongly contribute to onboarding players to blockchain across South East Asia<\/i>.\u201d<\/p>\n\n\n\n

YGG SEA is the first regional subDAO of Yield Guild Games, focusing on players from Malaysia, Indonesia, Vietnam, and Thailand. The subDAOs like YGG SEA is at the core of YGG\u2019s expansion strategy across the world as they have the local knowledge and networks. To expand quickly and deeply, having regional subDAOs is key to the community development of the overall YGG ecosystem.<\/p>\n\n\n\n

In YGG Ecosystem, the goal is not just to onboard players as scholars; but also to be the bridge that brings the Web2 community into Web3 space through GameFi. YGG SEA has been aggressively onboarding and creating a safe space for scholars to enter Web3 through heavy localization and a grassroots level approach in each country. <\/p>\n\n\n\n

Other than community development, YGG SEA is committed to supporting locally developed play-to-earn games within the region and acquiring NFTs that are uniquely suited to the needs and interests of SEA\u2019s player base. It is also helping locally developed play-to-earn games go global.<\/p>\n\n\n\n

\u201cCrypto.com Capital is pleased to support the launch of YGG\u2019s first ever subDAO \u2014 YGG SEA \u2014 in its private funding round. We believe that Southeast Asia will continue to be the largest market globally for play-to-earn operators and that YGG SEA \u2014 with its operational expertise spanning from YGG and its in-country teams \u2014 will continue to hold the lion\u2019s share of high-quality scholars in the region<\/i>,\u201d said Crypto.com Capital Managing Director Bobby Bao.\u00a0<\/p>\n\n\n\n

Its parent DAO, YGG, is a community of play-to-earn gamers. YGG operates like a guild, acquiring yield-generating virtual assets across several play-to-earn games, and lending those assets to players who can\u2019t afford them. Players, in turn, share a fraction of the in-game rewards with YGG.<\/p>\n\n\n\n

About YGG SEA<\/h2>\n\n\n\n

YGG SEA<\/u><\/a>, the first subDAO of Yield Guild Games, is a decentralized autonomous organization for acquiring and managing NFTs<\/a> used in the metaverse. Its mission is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.<\/p>\n\n\n\n

Contacts<\/h5>\n\n\n\n

• Dom Steer<\/strong><\/li>
• [email protected]<\/strong><\/li><\/ul>\n","post_title":"YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ygg-sea-secures-15-million-from-marquee-investors-to-boost-play-to-earn-gaming-in-southeast-asia","to_ping":"","pinged":"","post_modified":"2022-09-13 22:21:51","post_modified_gmt":"2022-09-13 12:21:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4614","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n

  What Is Play-To-Earn?<\/h2>\n\n\n\n

  Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n

  Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n

  Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n

  How Can You Play Games And Earn Money?<\/h2>\n\n\n\n

  Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n

  You can play and earn rewards in various ways including;<\/p>\n\n\n\n

  Earning Cryptocurrencies<\/h3>\n\n\n\n

  Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n

  The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n

  Earning NFTs<\/h3>\n\n\n\n

  Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n

  Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n

  These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n

  Staking Your Earnings<\/h3>\n\n\n\n

  Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n

  An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n

  Participation Requires Value<\/h2>\n\n\n\n

  Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n

  The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n

  The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n

  Game<\/th>	Ticker<\/th>	Genre<\/th>	Assets<\/th><\/tr><\/thead>
  Sandbox<\/td>	$SAND<\/td>	Metaverse<\/td>	NFTs<\/td><\/tr>
  Decentraland<\/td>	$MANA<\/td>	Metaverse<\/td>	NFTs<\/td><\/tr>
  Axie Infinity<\/td>	$AXS, $SLP<\/td>	Card Game<\/td>	NFTs<\/td><\/tr>
  StepN<\/td>	$GMT<\/td>	Fitness (Move-To-Earn)<\/td>	NFTS<\/td><\/tr>
  Gala Games<\/td>	$GALA<\/td>	Collection Of Various P2E Games<\/td>	NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read Industry Headlines YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia April 27, 2022 - Updated on September 13, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development December 3, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Yield Guild Games Southeast Asia<\/u><\/a> (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), has secured $15 million across two different private funding rounds. It will use the proceeds to boost the adoption of play-to-earn<\/a> gaming in Southeast Asian countries.<\/p>\n\n\n\n While the initial round was led by YGG and Infinity Ventures Crypto (IVC), the follow-up round saw participation from Crypto.com Capital, Animoca Brands, MindWorks Ventures, Poloniex, Jump Capital, Sembrani Kiqani (a fund by BRI Ventures), Circle, Digital Currency Group, Hashed, Polygon, Bukalapak, United Overseas Bank (UOB) Venture Management,  Arca Funds, Evernew Capital, OKEx Blockdream Ventures, Yolo Ventures, SevenX Ventures, LongHash Ventures, Hashkey Group, Morningstar Ventures, Rise Capital, Dialectic, SweeperDAO, PetRock Capital, DNC Ventures, FBG Capital and Emfarsis.<\/p>\n\n\n\n Animoca Brands CEO Robby Yung commented, \u201cAs an investor in YGG, Animoca Brands is a supporter of the YGG SEA team, its business model, and its regional focus. We believe YGG SEA will strongly contribute to onboarding players to blockchain across South East Asia<\/i>.\u201d<\/p>\n\n\n\n YGG SEA is the first regional subDAO of Yield Guild Games, focusing on players from Malaysia, Indonesia, Vietnam, and Thailand. The subDAOs like YGG SEA is at the core of YGG\u2019s expansion strategy across the world as they have the local knowledge and networks. To expand quickly and deeply, having regional subDAOs is key to the community development of the overall YGG ecosystem.<\/p>\n\n\n\n In YGG Ecosystem, the goal is not just to onboard players as scholars; but also to be the bridge that brings the Web2 community into Web3 space through GameFi. YGG SEA has been aggressively onboarding and creating a safe space for scholars to enter Web3 through heavy localization and a grassroots level approach in each country. <\/p>\n\n\n\n Other than community development, YGG SEA is committed to supporting locally developed play-to-earn games within the region and acquiring NFTs that are uniquely suited to the needs and interests of SEA\u2019s player base. It is also helping locally developed play-to-earn games go global.<\/p>\n\n\n\n \u201cCrypto.com Capital is pleased to support the launch of YGG\u2019s first ever subDAO \u2014 YGG SEA \u2014 in its private funding round. We believe that Southeast Asia will continue to be the largest market globally for play-to-earn operators and that YGG SEA \u2014 with its operational expertise spanning from YGG and its in-country teams \u2014 will continue to hold the lion\u2019s share of high-quality scholars in the region<\/i>,\u201d said Crypto.com Capital Managing Director Bobby Bao.\u00a0<\/p>\n\n\n\n Its parent DAO, YGG, is a community of play-to-earn gamers. YGG operates like a guild, acquiring yield-generating virtual assets across several play-to-earn games, and lending those assets to players who can\u2019t afford them. Players, in turn, share a fraction of the in-game rewards with YGG.<\/p>\n\n\n\n About YGG SEA<\/h2>\n\n\n\n YGG SEA<\/u><\/a>, the first subDAO of Yield Guild Games, is a decentralized autonomous organization for acquiring and managing NFTs<\/a> used in the metaverse. Its mission is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.<\/p>\n\n\n\n Contacts<\/h5>\n\n\n\n Dom Steer<\/strong><\/li> [email protected]<\/strong><\/li><\/ul>\n","post_title":"YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ygg-sea-secures-15-million-from-marquee-investors-to-boost-play-to-earn-gaming-in-southeast-asia","to_ping":"","pinged":"","post_modified":"2022-09-13 22:21:51","post_modified_gmt":"2022-09-13 12:21:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4614","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read Industry Headlines YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia April 27, 2022 - Updated on September 13, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development December 3, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Taipei, Taiwan<\/strong><\/p>\n\n\n\n Yield Guild Games Southeast Asia<\/u><\/a> (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), has secured $15 million across two different private funding rounds. It will use the proceeds to boost the adoption of play-to-earn<\/a> gaming in Southeast Asian countries.<\/p>\n\n\n\n While the initial round was led by YGG and Infinity Ventures Crypto (IVC), the follow-up round saw participation from Crypto.com Capital, Animoca Brands, MindWorks Ventures, Poloniex, Jump Capital, Sembrani Kiqani (a fund by BRI Ventures), Circle, Digital Currency Group, Hashed, Polygon, Bukalapak, United Overseas Bank (UOB) Venture Management,  Arca Funds, Evernew Capital, OKEx Blockdream Ventures, Yolo Ventures, SevenX Ventures, LongHash Ventures, Hashkey Group, Morningstar Ventures, Rise Capital, Dialectic, SweeperDAO, PetRock Capital, DNC Ventures, FBG Capital and Emfarsis.<\/p>\n\n\n\n Animoca Brands CEO Robby Yung commented, \u201cAs an investor in YGG, Animoca Brands is a supporter of the YGG SEA team, its business model, and its regional focus. We believe YGG SEA will strongly contribute to onboarding players to blockchain across South East Asia<\/i>.\u201d<\/p>\n\n\n\n YGG SEA is the first regional subDAO of Yield Guild Games, focusing on players from Malaysia, Indonesia, Vietnam, and Thailand. The subDAOs like YGG SEA is at the core of YGG\u2019s expansion strategy across the world as they have the local knowledge and networks. To expand quickly and deeply, having regional subDAOs is key to the community development of the overall YGG ecosystem.<\/p>\n\n\n\n In YGG Ecosystem, the goal is not just to onboard players as scholars; but also to be the bridge that brings the Web2 community into Web3 space through GameFi. YGG SEA has been aggressively onboarding and creating a safe space for scholars to enter Web3 through heavy localization and a grassroots level approach in each country. <\/p>\n\n\n\n Other than community development, YGG SEA is committed to supporting locally developed play-to-earn games within the region and acquiring NFTs that are uniquely suited to the needs and interests of SEA\u2019s player base. It is also helping locally developed play-to-earn games go global.<\/p>\n\n\n\n \u201cCrypto.com Capital is pleased to support the launch of YGG\u2019s first ever subDAO \u2014 YGG SEA \u2014 in its private funding round. We believe that Southeast Asia will continue to be the largest market globally for play-to-earn operators and that YGG SEA \u2014 with its operational expertise spanning from YGG and its in-country teams \u2014 will continue to hold the lion\u2019s share of high-quality scholars in the region<\/i>,\u201d said Crypto.com Capital Managing Director Bobby Bao.\u00a0<\/p>\n\n\n\n Its parent DAO, YGG, is a community of play-to-earn gamers. YGG operates like a guild, acquiring yield-generating virtual assets across several play-to-earn games, and lending those assets to players who can\u2019t afford them. Players, in turn, share a fraction of the in-game rewards with YGG.<\/p>\n\n\n\n About YGG SEA<\/h2>\n\n\n\n YGG SEA<\/u><\/a>, the first subDAO of Yield Guild Games, is a decentralized autonomous organization for acquiring and managing NFTs<\/a> used in the metaverse. Its mission is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.<\/p>\n\n\n\n Contacts<\/h5>\n\n\n\n Dom Steer<\/strong><\/li> [email protected]<\/strong><\/li><\/ul>\n","post_title":"YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"ygg-sea-secures-15-million-from-marquee-investors-to-boost-play-to-earn-gaming-in-southeast-asia","to_ping":"","pinged":"","post_modified":"2022-09-13 22:21:51","post_modified_gmt":"2022-09-13 12:21:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4614","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read Industry Headlines YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia April 27, 2022 - Updated on September 13, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development December 3, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT Play-2-Earn Industry Headlines YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia Taipei, Taiwan Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup ... by Chainwire April 27, 2022 The Future Play To Earn – Is The Future Of Gaming On The Blockchain? What Is Play-To-Earn? Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for ... by The Distributed Team November 15, 2021 Most Read Industry Headlines YGG SEA Secures $15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia April 27, 2022 - Updated on September 13, 2022 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Artificial Intelligence Amazon Commits $4 Billion Investment In Anthropic To Power The Generation Of AI Development December 3, 2024 Cryptocurrencies Highly Anticipated Ripple Stablecoin RLUSD Launches On December 17 December 19, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. 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