Non-fungible token (NFT) play-to-earn startup Yield Guild Games (YGG) completed a $4 million Series A round of funding led by gaming and esports firm BITKRAFT. Animoca Brands, a returning investor, also contributed to the financing.
Yield Guild Games is promoting an economy where players are potentially able to earn living wages playing video games. The company does not develop the games but instead gathers a pool of players to play NFT-based play-to-earn games. The Guild was launched in 2020 and had 2,500 members in March of this year. That figure has now risen to 16,000.
The company was developed by Philippine Gabby Dizon, an early fan of the Axie Infinity game, which uses NFTs to reward players the more they play. Axie Infinity is one of the most popular games played on the Guild.
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