Yield Guild Games partners with 48 game projects
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Yield Guild Games got its start staking players to earn their own money in Axie Infinity, but now it has expanded its guild of players into something bigger. The company released its annual report on its doings today. The guild started in November 2020 as a guild that gave “scholarships” to players so they could mint their own NFT characters in Sky Mavis’ Axie Infinity game. That helped players deal with the startup costs for the “play-to-earn” game where players could level up their characters and resell them for a profit.
The game saw a boom in NFT trading in the summer of 2021 and then declined precipitously in the fall and winter. Axie Infinity saw its daily active users (DAU) surge 12,400% from 20,000 in March to more than 2.5 million in December 2021. But that number is likely under pressure now that the value of Axie’s tokens has declined.
Meanwhile, Yield Guild Games started diversifying across other games. By the end of 2021, YGG had partnered with 48 projects in games, gaming guilds, and essential play-to-earn infrastructure. YGG has more than 100,000 Discord members.
One of the things YGG does to help its guild members — beyond giving scholarships — is investing in other blockchain games. In total, YGG has spent $9.7 million in partnering with projects by purchasing in-game NFT assets and tokens, both in-game tokens and governance tokens, that will enable YGG players to have access to more play-to-earn services.
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Of those partnerships, by cost, 76.2% were in play-to-earn games, 17.4% in gaming guilds, and 6.4% in other play-to-earn infrastructure projects to support the YGG
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