Record-Breaking Growth
In an astounding leap for the gaming world, Yield Guild Games (YGG) has shattered its previous records, welcoming a whopping 20,700 scholars to the Axie Infinity platform and other play-to-earn (P2E) games. This represents a staggering increase of 8,500% from just 241 scholars in the same month last year. Now, that’s what we call a growth spurt worthy of Envy – move over, kid who grew six inches over summer break!
The Mechanics of Play-to-Earn Scholarships
So, how does this work? Scholars in YGG have the opportunity to borrow a team of Axie non-fungible tokens (NFTs) and earn their keep in the world of P2E gaming. The spoils of their in-game labor are then divvied up: players get a cut, community managers get a slice, and the DAO takes its share. It’s like a pizza party, only with money and digital creatures instead of pepperoni.
Farming Success Amid Price Drops
February marked a productive month for YGG scholars as they farmed an impressive 26.4 million Smooth Love Potions (SLP), the native token for Axie Infinity. This is not just a number; it reflects a 57% jump from the previous month. In total, gamers had their hands on over 18.4 million SLP, which translates to about $360,000—proof that money grows on virtual trees!
The Future is Bright, Yet Complex
Colin Goltra, YGG’s global COO, shared in an announcement that this achievement is merely a stepping stone towards even bigger goals. They’re ramping up investment and operational efforts to enhance the connection between games and their community of players—think of it as a matchmaking service, but for gamers and their digital endeavors.
YGG’s Global Reach
As far as geographic boundaries go, YGG is playing it smart. With localized entities like YGG Pilipinas and subDAOs in Southeast Asia, India, Latin America, and Brazil, the reach extends beyond simple borders. Specializing in lending yield-generating NFTs to players, YGG is heavily invested in the future of P2E gaming and had raised a total of $22.4 million over three funding rounds. That’s a lot of game tokens!
New Ventures and Opportunities
YGG isn’t just resting on its laurels with Axie scholarships. They quickly rolled out a scholarship program for the cyberpunk soccer-themed P2E game CyBall, which filled all 1,000 spots in record time. It seems everyone wants to kick some virtual ball while raking in some digital dough! Keep an eye on their Discord for upcoming opportunities because, with YGG, the gaming floor is never closed.
