Play-to-earn gaming continues to take the world by storm. Yield Guild Games Southeast Asia (YGG SEA) acknowledges the tremendous potential for this industry vertical in Southeast Asia. The subDAO raised $15 million in funding to speed up the adoption and development of P2E titles in the region.
Yield Guild Games Keeps Expanding
People familiar with play-to-earn games will know the name Yield Guild Games. The popular P2E gaming guild brings thousands of players together across blockchain-based economies. The guild primarily focuses on scholarships and enabling broader access to popular titles like Axie Infinity. Ultimately, YGG aims to build a global network of players, investors, and developers to grow the NFT gaming space and secure mainstream adoption.
A venture like Yield Guild Games will only succeed if it gains global traction. The team is on an expansion streak and has established its first regional subDAO in Southeast Asia. The Yield Guild Games Southeast Asia (YGG SEA) venture focuses on the needs of players and builders across several countries, including Malaysia, Vietnam, and Thailand. Furthermore, the subDAO acquires NFTs tailored to the needs of the SEA player base through grassroots efforts.
As the name Yield Guild Games becomes synonymous with blockchain gaming, more people pay attention to its new subDAO. YGG SEA has raised $15 million across two private funding rounds. The proceeds will help the team boost adoption and development of local play-to-earn games. SubDAOs like YGG SEA are a key focal point for Yield Guild Games to establish a global position. YGG SEA, and future subDAOs, have the necessary local knowledge and networks to bring enthusiasts together and take play-to-earn gaming to the next level.
The ultimate goal of the Yield Guild Games ecosystem focuses on multiple milestones:
- The team introduces more players to P2E games through scholarships, negating the need for an upfront investment.
- It bridges the Web2 community and the Web3 world through GameFi initiatives.
Localization and grassroots effort in individual countries and regions will catalyze the completion of these milestones.
Investors Take Notice Of YGG SEA
The localized efforts under the YGG SEA banner do not go unnoticed. Dozens of investors participated in the subDAO’s private funding rounds, culminating in $15 million added to YGG SEA’s war chest. The funds will boost the adoption of play-to-earn gaming in Southeast Asia and support locally developed games within the region.
Notable investors in the private rounds include Yield Guild Games, Infinity Ventures Crypto, Animoca Brands, MindWorks Ventures, Jump Capital, Hashed, United Overseas Bank Venture Management, Evernew Capital, Yolo Ventures, and many others. All investors acknowledge Southeast Asia is the next big market for play-to-earn gaming. That is not surprising, as the region is crypto- and blockchain-friendly too.
Animoca Brands CEO Robby Yung adds:
“As 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.”
Thanks to these two private funding rounds, YGG SEA can continue to focus on building the biggest and most sustainable play-to-earn virtual economy in South Asia. The subDAO is also a founding member of the Asia Blockchain Gaming Alliance and keeps its finger on the pulse of new developments, regulations, and other aspects of blockchain gaming.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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