Unlocking NFT Dreams: New Scholarship Program Empowers Gamers in the Metaverse

NFT Gaming and Scholarships: A Match Made in Digital Heaven

The gaming industry is witnessing a metamorphosis, and it’s not just the players who are leveling up. Enter the ‘Sponsor-A-Scholar’ program by Yield Guild Games (YGG), a revolutionary initiative that combines philanthropy with virtual ownership. Backed by heavy hitters like pseudonymous crypto titan Flying Falcon, this program offers scholarships to budding NFT gamers, specifically aimed at players in the wildly popular Axie Infinity universe.

How the Program Works

So, how does this whole thing operate? Well, sponsors like Flying Falcon kick things off by donating Small Love Potion (SLP), the key currency used for breeding Axies—those cute and quirky fantasy creatures that seem to be taking over the digital world. The funding goes directly to players, allowing them to cultivate their very own NFT farm without the initial cost burden.

• Distribution of Earnings: Players walk away with 70% of the revenue from their Axie adventures.
• Training Costs: YGG’s community manager, who provides coaching and strategies, gets 20%.
• Operational Fees: Finally, YGG retains 10% to cover gas fees and other essentials.

The Glorious History of Axie Infinity

To put the potential profits in perspective, it’s worth noting that Axie Infinity made headlines with astronomical sales. In November 2020, a single Axie was sold for a whopping 300 Ether (ETH)—a cool $130,000 at the time. Fast forward to February 2021, YGG was buzzing with excitement as nine plots of digital land fetched a staggering 888.25 Ether, totaling a jaw-dropping $1.5 million!

“Congrats to @Its_Falcon_Time and @seedphrase for making NFT History! 9 Genesis plots. 888.25 ETH! The. Largest. NFT. Sale. Ever” – Axie Infinity

The Rise of YGG and Collecting Like a Champion

YGG is not just a flash in the pan; it’s a decentralized community of players and investors set ablaze by the play-to-earn craze that’s been flaring up during the pandemic. With its Discord community exploding from 2,500 to 9,000 members in a few months, YGG is responding to a growing demand for scholarships. The irony? More players want scholarships than there are Axies to give!

Why the Scholarship Program Matters

The harsh reality is that the crypto landscape can be cost-prohibitive, especially for promising players from developing countries who need this opportunity the most. This initiative by YGG isn’t just about generating wealth; it’s about inclusion and leveling the playing field in the digital landscape. Flying Falcon himself stated that the players are the architects of future metaverses, and inclusivity is paramount.

What Lies Ahead for YGG?

YGG plans to expand its scholarship programs to other NFT games, aiming to empower even more players. As the organization continues to hold a stash of non-fungible tokens from various crypto games like League of Kingdoms and The Sandbox, the future is looking bright, lucrative, and, most importantly, inclusive for gamers everywhere. So, whether you’re a seasoned player or a novice, the new age of gaming scholarships could be your ticket to NFT success!