Yield Guild Games Southeast Asia (YGG SEA) has raised $15 million through two private deals. It’s yet another sign of how popular play-to-earn gaming (P2E) is in that portion of the world.
Due to its continued success in Southeast Asia, the notion of blockchain gaming has gained popularity. In nations like the Philippines, games like Axie Infinity and Splinterlands have the potential to improve people’s lives. People can earn more money playing P2E games than they can from typical professions, which creates an intriguing paradigm. The blockchain gaming business and gaming guild Yield Guild Games acknowledge that momentum is building in Southeast Asia.
The team began making efforts in bringing play-to-earn gaming to Southeast Asia after establishing the Yield Guild Games Southeast Asia subDAO. These processes will be influenced by the recent two private investment rounds, which raised a total of $15 million. Yield Guild Games’ first regional subDAO focuses on Malaysia, Indonesia, Vietnam, and Thailand.
Yield Guild Games wants to expand its global reach. To do so, regional subDAOs must be used, as they have the local knowledge and networks necessary to deliver P2E gaming to local markets. Furthermore, it enhances the role of each community member by allowing them to directly contribute to progress. Thru the subDAO, gamers can apply for scholarships to play-to-earn games without having to invest any money. It’s also a concrete approach to pulling Web2 users into the Web3 world.
The YGG SEA subDAO also pledges to assist locally created play-to-earn games. This opens up new possibilities for local developers to investigate the potential of blockchain and NFTs. The subDAO also acquires NFTs that are targeted to the needs and interests of the SEA player base. Grassroots initiatives such as these have the potential to introduce P2E gaming to millions of people in the future years.
