YGG Invests in Decentralization with $13.8M Token Purchase Led by DWF Labs

Eris — Mon, 20 Feb 2023 16:35:28 +0000

Yield Guild Games (YGG) has generated US$13.8 million in a token purchase from the YGG treasury led by DWF Labs along with the participation of a16z Crypto, Galaxy Interactive, Sangha Capital Fund, Sanctor Capital, and David Lee to support the guild’s decentralization initiatives.

DWF Labs is the investment arm of Digital Wave Finance (DWF), a leading high-frequency trading platform. That trades spot and derivatives in over 40 crypto exchanges. As a digital asset multi-stage web3 multi-product ecosystem. DWF Labs provides consulting, cybersecurity, smart contract audit process, debt-financing, treasury management and connections. Aside from different trading solutions such as token listing, over-the-counter (OTC) trading, and liquidity support for different clients. This is possible through their partners in different verticals.

As it seeks to support the founders who will build the future of web3. DWF Labs has supported over 50 web3 projects. And continues to collaborate with top crypto exchanges such as Binance, ByBit and many more.

“We have committed to support YGG as part of our vision towards a blockchain-based economy through web3,” said Andrei Grachev, Managing Partner at DWF Labs. “They are confident that through this token purchase, YGG will continue to innovate and grow the blockchain gaming space as we provide support through this long-term partnership.”

“We believe that blockchain has the potential to transform the gaming industry by enabling players to own their own assets and earn rewards,” Andrei added. “Through YGG’s partnerships with NFT games and ecosystems like Axie Infinity, The Sandbox and League of Kingdoms, the guild is at the forefront of blockchain-based game economies. Our goal is to support YGG and help the guild expand its offerings such as the Guild Advancement Program to connect even more players and provide them with an opportunity to participate in a decentralized gaming ecosystem and get rewarded from their gaming activities.”

Also participating in the token purchase was a16z Crypto, reaffirming its support in decentralizing YGG. And providing equal web3 opportunities to communities worldwide. As one of the earliest supporters of YGG, a16z led the guild’s US$4.6 million funding round in August 2021.

Other participants in the recent token purchase include Galaxy Interactive, Sangha Capital Fund, Sanctor Capital, and angel investor, David Lee. A former corporate attorney at Google, Lee currently holds the position of Executive Vice President at Samsung Electronics and is Head of Samsung Next.

As a key milestone on its path to decentralization, YGG established itself as a Swiss association in 2022. To employ a flexible, recognized and nonprofit legal structure that will cultivate a decentralized future for the guild. YGG transitioned into the Swiss association legal framework as it offers more clarity and validity for the guild. To signify that anyone who holds a YGG token is a member of the YGG association, allowing for meaningful participation. Token holders receive limited liability protection by virtue of being a member and have the power to vote on governance.

“The token purchase signals the confidence of our partners in YGG’s mission of empowering gamers through web3 gaming,” said YGG co-founder Gabby Dizon. “The purchase will support the progress of the guild’s initiatives as it aims to provide the web3 community with valuable products and experiences. With the continued support of our partners, YGG remains confident in its ability to drive meaningful impact and shape the future of the web3 gaming industry.”

About Yield Guild Games (YGG)

Yield Guild Games (YGG) is a Play To Earn guild that brings players together to earn via NFT games. They are the settlers of the Metaverse. YGG is the world’s original and largest Blockchain Gaming Guild. With deep expertise in Web3 communities, game operations, and product development. YGG and its global network of subDAOs represent an ecosystem of hundreds of thousands of crypto gamers around the world.

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About DWF Labs

DWF Labs seeks to invest and support bold founders who want to build the future of Web3. They offer consulting, liquidity provision, cybersecurity, smart contract audit processes. Debt-financing, treasury management and connections with their numerous partners across different verticals.

Website | Twitter

SOURCE: MEDIUM

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Yield Guild Games Partnership with Kapital DAO

diane — Thu, 29 Sep 2022 23:22:27 +0000

The largest play-to-earn gaming guild, Yield Guild Games, has announced a partnership with Kapital DAO, the industry’s top supplier of institutional web3 gaming asset management software.

With the goal of streamlining operations, enhancing security, and increasing community access to available games. Yield Guild Games announced a partnership with the Kapital DAO as its technology provider.

Kapital DAO Overview

The basic architecture of the Kapital DAO allows for seamless hierarchical delegation and administration of gaming assets inside of any game on any chain with no technical effort on the part of the games themselves.

Public use of the Kapital DAO’s technology underpins YGG’s Axie Infinity and Crypto Unicorns scholarship programs. YGG’s scholarship managers are already handing off assets effortlessly to YGG community managers and members. Making better decisions thanks to dashboards that are available on the app.

Along with advice and the purchase of Kapital DAO $KAP tokens, YGG will assist the team in co-developing the product. The introduction of an SDK by the Kapital DAO will allow web3 games and builders to simply integrate into the protocol, accelerating scalability even further. The Kapital DAO will collaborate with YGG to find interesting games that can be swiftly added to the protocol. These games will be better able to use the vast guild networks to increase player involvement while reducing operational friction.

Management Quote

“YGG, as the first major gaming guild in web3, set the stage for what institutionalized web3 gaming means,” said Sam Peurifoy, founder of the Kapital DAO, “and with the Kapital DAO’s technology in hand, the ability to deploy that level of institutional involvement into games at will with minimal technical lift will be an absolute gamechanger for the entire web3 gaming space.”

“YGG shares the core mission of the Kapital DAO to onboard the next billion players into web3 gaming. And sees this set of core infrastructure tools as a necessary component of the evolution of this space. We’ll be working closely with the Kapital DAO to ensure the product meets the needs of continuously evolving web3 gaming communities.” said Gabby Dizon, co-founder of YGG.

Kapital Dao Plans

The protocol is currently live with multiple major web3 games across different EVM-compatible networks, including Axie Infinity, among others. The Kapital DAO continues to list games inside of the protocol on a biweekly basis. And will be opening the protocol for public game listing contributions towards the end of the year with the release of their game SDK. Non-EVM networks will be live towards the end of 2022 and early 2023. With identical UX support to standardize the institutional experience.

The $KAP token, which is the medium of exchange for protocol services including in-app NFT assets placement promotions, faster game listings, and asset management transactions, will also soon be made available via the Kapital DAO. In addition, the DAO has the option to decide whether to utilize the $KAP token for community-oriented projects like liquidity staking, voting on joint ventures or acquisitions, and social benefits.

About Yield Guild Games

Yield Guild Games YGG is a play-to-earn gaming guild, bringing players together to earn via blockchain-based economies. We are the settlers of new worlds in the metaverse.

Website | Twitter