Yield Guild Games Launches Token on Ronin Network Reaching More Gamers
Decentralized gaming startup Yield Guild Video games (YGG) introduced it has launched the YGG token on the Ronin community, reaching extra players within the Web3 group.
Sky Mavis and the Ronin group authorised the launch of the YGG token on the community. The token went dwell on the Ronin community March 21.
YGG stated the goal is to draw extra players and video games into its ecosystem and inline with this, the YGG tokens will likely be airdropped to wallets staking “RON” on its YGG validator.
“Onboarding the YGG token to Ronin is the subsequent pure step in our shared journey. Welcome to Katana, and Ronin, YGG.” stated Jeff Zirlin, co-founder and chief development officer at Sky Mavis in a press launch.
YGG is a “play-to-earn” gaming construct which permits players to earn tokens by blockchain-based economies. Ronin is an Ethereum Digital Machine (EVM) blockchain crafted for builders constructing video games with player-owned economies.
Video games within the Ronin Community Acquire Traction
In keeping with the press launch, video games within the Ronin have continued to realize traction and following its migration to Ronin, YGG stated recreation companion Pixels noticed its every day lively customers (DAU) rapidly soar to over 130,000, making it the primary web3 recreation on Ronin to realize this aim Axie Infinity.
The sport Pixels has seen a better engagement fee, surpassing 500,000 DAU and reaching 1 million month-to-month lively customers. Different video games on Ronin, together with Apeiron and Wild Forest, have seen extra curiosity. Mixed with the migration of different main initiatives like CyberKongz, these developments sign the platform’s rising affect in web3 gaming, stated YGG.
Gaming Income to Develop in 2024
On Wednesday, the Australian enterprise capital agency King River Capital, blockchain gaming agency Immutable and Polygon Labs teamed as much as launch a $100 million fund devoted to gaming.
In 2023, it’s estimated that the blockchain gaming associated rounds reached $1.7 billion. Citing information from Messari, a crypto market intelligence agency, it’s estimated that the mixed market share of Immutable and Polygon Labs is to be 70% of whole blockchain gaming improvement, following a major development 12 months for your entire business.
