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Yield Guild Games Launches “Onchain Guilds” on Base

Yield Guild Games debuts its Onchain Guilds platform on Base, Ethereum's Layer 2 network, enhancing web3 gaming with decentralized tools for community and identity management.

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Eliza Crichton-Stuart

Head of Operations

Yield Guild Games Launches “Onchain Guilds” on Base

Yield Guild Games (YGG), a prominent web3 guild protocol, has launched its innovative Onchain Guilds platform on Base, Ethereum’s Layer 2 (L2) network. Announced during the YGG Play Summit at the SMX Convention Center in Taguig, Metro Manila, this new platform aims to redefine how digital gaming communities organize and operate on-chain.

Base, a low-cost and developer-friendly L2 solution, serves as the foundation for Onchain Guilds, providing a scalable and decentralized environment for various user groups. These groups, ranging from competitive gaming guilds to NFT collectives and AI teams, can leverage Onchain Guilds to securely manage their reputation, assets, and activities on the blockchain.

Yield Guild Games Launches “Onchain Guilds” on Base

Yield Guild Games Launches “Onchain Guilds” on Base

YGG Play Summit

Yield Guild Games connects gamers and guilds to the broader web3 ecosystem, helping members thrive both in games and real life. YGG’s infrastructure supports specialized guilds, offering tools to scale and reward communities for their achievements through programs like Superquests and the Guild Advancement Program (GAP).

From its roots in the Philippines to partnerships with over 100 web3 games and infrastructure projects globally, YGG continues to be a driving force in the gaming blockchain space. The YGG Play Summit is a five-day event exploring the intersection of gaming and web3. It features conferences, expos, esports tournaments, and ends with our first ever in-person GAM3 Awards!

GAM3 Awards 2024 Announced.jpg

GAM3 Awards Nov 22nd

Transforming Onchain Communities

Onchain Guilds equips communities with a suite of blockchain-based tools, including:

  • Treasury wallets for collective financial management.
  • Project management dashboards to streamline operations.
  • NFT minting capabilities for digital asset creation and ownership.

These features foster trust and transparency, enabling communities to track achievements, enhance collaboration, and access YGG’s extensive network of reward opportunities.

“We’re excited about the future of gaming on-chain, where players can actually own their edits and accomplishments and earn more,” said Jesse Pollak, Creator of Base. He emphasized how Onchain Guilds empower groups to establish their onchain presence and benefit collectively from their reputations.

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Gamer Keyboard

Philippines: A Global Hub for Web3 Gaming

The Philippines, recognized as a leader in web3 adoption, is a strategic launchpad for Onchain Guilds. According to Coingecko, the country has ranked as the most web3 gaming-interested nation for three consecutive years. Surveys by ConsenSys reveal a 96% awareness of cryptocurrency in the Philippines, with 37% viewing it as the future of money and 31% associating it with digital ownership.

YGG Pilipinas, Yield Guild Games’ local guild partner, represents a robust community of 1.2 million members across social media platforms. This thriving ecosystem underscores the nation’s significant role in shaping the future of on-chain gaming. The launch coincides with Base’s international buildathon series, “Base Around the World,” which culminated in the Philippines. This global tour highlights Base’s mission to expand on-chain accessibility and innovation.

Gabby Dizon, YGG’s co-founder, expressed optimism about the partnership: “Launching Onchain Guilds on Base allows YGG to tap into a strong web3 gaming community. The Base network is home to diverse groups with expertise in games, music, art, DeFi, and more. Onchain Guilds will enable these groups to organize, scale, and unlock earning opportunities across web3.”


Press Release

updated:

November 20th 2024

posted:

November 20th 2024

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