Yield Guild Games: Community Update - Q2 2022

This article will share the highlights of the Yield Guild Games (YGG) Q2 2022 community update, including the guild's continued development in the eSports sector, the latest partnerships, and the transition to a Swiss association.

The following are highlights that the Guild has achieved as it enters the new construction season. To learn more, read the full YGG 2022 Q2 Community Update Report:https://storage.googleapis.com/external_communication/YGG-2022Q2-CommunityUpdate.pdf

eSports

YGG believes in the power of a strong esports ecosystem in blockchain gaming and is excited about the guild's dominance in this field. We're proud of our competitive players, who represented their guild at Axie Infinity Retreat (AIR) Las Vegas, Axie Infinity's biggest online and offline competition to date. YGG elite player Itachity took first place, while Elm0Momo and BigGabbie finished second and fourth respectively.

YGG's Axie Infinity charity e-sports tournament, the YGG Manager's Cup, recently entered the championship phase, with YGG e-sports players Lev0x and YGG Elite competing for the championship. YGG Elite won a grand prize of $35,000 from FTX, the official sponsor of the tournament. The prize money will be donated to Gentle Hands, a child and youth welfare agency in the Philippines.

video:https://twitter.com/YieldGuild/status/1553640353575489536?s=20&t=m1wBQZs-jhyZEBd4Y1PqTQ

At the same time, our 61 scholarship managers also launched the YGG Student Tournament, an Axie Infinity esports competition held among YGG students to experience the competitive environment, hone their skills, and inspire them to join other competitions in the future.

YGG Swiss Association

YGG moved to its new home, a Swiss association called “Yield Guild Games,” which had significant success. Here are some of the key reasons for this move:

1. Limited liability between YGG members. As time goes on, YGG will welcome all token holders as members of the Association. This will enable token holders not only to have clear rights within the association, but also to have a better legal position within the organization and in terms of protecting themselves.

2. Flexibility to structure committees and subcommittees for community participation. The transition to a Swiss association enabled YGG to innovate its charters relating to the proposals and votes of committee and subcommittee members. This structure closely reflects the DAO's goals and will be gradually refined by YGG.

3. An opportunity to merge YGG's SubDAO as a sub-association. As a sub-association, SubDAO still enjoys significant autonomy, but does not require extensive YGG-related legal documentation, thereby allowing the YGG Association and all of its sub-associations to form a clearly defined YGG ecosystem.

Ultimately, this move will put YGG and its SubDAO in a better position to gradually decentralize the entire YGG network.

Region SubDAOS

As YGG SEA (Southeast Asia), IndiGG (India), Ola GG (global Hispanic community), and BAYZ (Brazil) continue to gain traction in their respective markets, the YGG network welcomed a new regional SubDAO this quarter: YGG Japan. Each of these subDAOs has its own rules, funding, and leadership team, and they bridge the diverse needs of YGG and the global gamer community.

To establish closer collaboration, regional bodies will regularly hold round tables as part of the YGG ecosystem. They'll discuss status updates, financials and metrics, game acquisitions and partnerships, and product plans.

scholarships

YGG has been taking steps to further enrich the reward earning potential of active learners and is working with managers to redistribute NFTs to active users so they can maximize their reward opportunities. To date, 15% of the NFTs have been reallocated, and in-game revenue per player has increased 400% due to this move.

In addition to Axie Infinity, the guild currently provides scholarships for CyBall, Fancy Birds, Aavegotchi, Legends of Venari, and Thetan Arena, and many participants play a variety of games to help mitigate the effects of market fluctuations. In total, YGG's “P2E” scholarship program earned more than $600,000 in the second quarter.

partners

By the end of Q2 2022, the number of gaming partners was 51 (up from 46 in Q1 2022). The Guild announced partnerships with Walken, AMGI Studios' NFT project My Pet Hooligan, Blowfish's space MMORPG Phantom Menace, and Wildlife Studios' tower defense game Castle Crush. The fifth and final partnership for the quarter will be announced soon.

As of June 30, 2022, the total value of these gaming partners was $17.5 million. Although lower than the first quarter, this reflects the overall sentiment of the entire cryptocurrency market. YGG will continue to cooperate with high-quality games created by highly qualified teams and participate deeply in their development to provide advice on guild management, token design, and marketing cooperation. This will ensure that YGG's partners can create games that stand the test of for the guild while providing the guild with improved learner management methods.

YGG also signed a partnership with YGG Japan to enter the Japanese market, as well as partnerships with the music NFT community and platform StemsDAO, Oasys, which focuses on the game's Proof of Stake (PoS) blockchain, and MetaVerseGo, a Web3 mobile gaming portal.

These new members join YGG's broad portfolio of games, guilds, and P2E infrastructure to support, enrich, and provide our community with more opportunities to explore and succeed in the metaverse. There are 72 partners in total, and the current value is over $39 million.

Move forward

Of course, there were challenges this quarter, and we appreciate our community staying strong and supporting each other. As our joint efforts continue to bring value to the YGG network, we will continue to provide more ways to enrich our community. YGG believes strongly that bear markets are meant to be built, and we look forward to working with our partners and other members of the Web3 community so we can all use this opportunity to re-set up and grow to build better and more powerful products and services.

To learn more about YGG's partnership and April to June 2022 events, download the full YGG 2022 Q2 Community Update here.

Join the Discord Q2 2022 Community Update AMA on August 10, 2022 at 10 p.m.

More about YGG:

YGG white paper:https://yieldguild.io/YGG-Whitepaper-Chinese.pdf

YGG Discord:https://discord.com/invite/ygg

Twitter:https://twitter.com/yieldguild