YGG Funding Round Led by A16z and DWF Labs Nets $13.8m

Blockchain-based gaming firm Yield Guild Games (YCG) concluded a funding round led by Andreessen Horowitz’s a16z crypto fund. The fundraising saw Digital Wave Finance’s (DWF) investment arm DWF Labs co-lead the million-dollar token purchase that attracted Galaxy Interactive. 

The round attracted active participation from Sangha Capital Fund and Sanctor Capital. YCG acknowledged the input of angel investor David Lee. While the firm was noncommittal about the tokens sold, speculators estimate that YCG parted away with 35% of its 25 million asset value locked earlier disclosed in November 2022.

YCG Gaming Culture Expanding Scope of Play-to-earn Platform

YCG’s origin traces to gaming veteran Gabby Dizon who co-founded the entity alongside fintech guru Beryl Li. Its establishment targeted providing a collaborative platform allowing blockchain-based play-to-earn (P2E) users to facilitate their peers onboard and derive crypto-based rewards. 

Besides delivering the facilitative platform, YCG expanded its scope and features investment in gaming-oriented non-fungible tokens (NFTs). The investment includes virtual land and in-game merchandise rented to members to utilize during gameplay, yielding profits. 

Dizon established YCG shortly after successfully lending out his Axie Infinity NFTs holdings to users unable to purchase their own required to participate in the game. Besides investing in P2E games, the establishment of YCG and subsequent investment transformed Dizon into the leading in-game asset manager.

YCG Dynamism and Governance by Voting

YCG is a Swiss firm incorporated in 2022 while adopting a dynamic yet non-profit structure. Its co-founders embraced the flexible structure as a move eyeing decentralization.

Besides, YCG identifies with accommodating validation from the token holders who exercise their membership rights to vote on the governance process. 

Dizon observed that the quick uptake of tokens portrays the confidence partners bestow upon YCG’s mission to empower gamers via Web3 gaming. He added that the token purchase’s proceeds supported YCG’s initiatives to avail invaluable experiences and products to the Web3 community. 

Launching Soulbuond Reputation Tokens 

YCG reiterated that the funds would enable it to develop a soulbuond reputation token (SBT) set to become a critical ecosystem constituent. Dizon clarified that SBT tokens would retain permanent links to the user’s crypto wallet. 

YCG declared plans to introduce SBT after their successful launch in 2022 though as in-game rewards. However, YCG is set to introduce an upgraded version of the web-based application before April. Dizon disclosed that creators in the ecosystem would earn SBT tokens being rewards for completing particular quests and tasks. 

DWF Multi-product Portfolio

DWF Labs managing partner, Andrei Grachev, expressed the commitment to YCG goals given the mutual focus on expanding a blockchain-based economy via Web3. The executive added that DWF Labs runs a multi-stage Web3 ecosystem with multiple products. 

Grachev revealed that DWF Labs recently expanded its portfolio to offer consulting, debt financing, and cybersecurity. He revealed that the addition offered the firm additional revenue generation streams besides treasury management and auditing smart contracts. 

As a managing partner, Grachev lauded DWF Labs’ pursuit of providing trading solutions. As such, he indicated the firm’s superiority in token listing and over-the-counter trading. 

Recently, the firm started providing liquidity support to its clients through partners engaged in various verticals. Grachev confessed DWF Labs advanced support to over 50 Web3-based projects. Its operations featured a closely coordinated collaboration with ByBit and Binance crypto exchanges.

DWF Labs Mutual Focus on Reinforcing Web3-led Gaming Ecosystem

Grachev portrayed optimism that blockchain would leverage its potential to revolutionize the gaming sector. In particular, he considered DWF Labs’-YCG a gateway to facilitate players’ assets and derive earnings from gaming activity.  

Grachev considers YCG partnering with NFT games and various ecosystems, including Axie Infinity, League of Kingdoms and Sandbox, as shaping the blockchain-based game economies. 

Grachev restated the DWF Labs’ goal in supporting YCG as one aimed at expanding the Guild Advancement Program. He added that the program’s expansion would increase players’ earnings from gaming activities. Also, he believed the support presented a participation opportunity in the decentralized gaming sector. 

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