Yield Guild Games Southeast Asia (YGG SEA) has announced its entry into the Vietnam market. The sub-decentralized autonomous organization has already set up shops in Malaysia, Thailand, and Indonesia.
The guild said that YGG SEA participates in more than 30 games, including popular titles like Axie Infinity and Starsharks. The guild plans to roll out new titles, including Dracoo Master, Tap Fantasy, and Fancy Birds, in the coming weeks.
YGG’s founders / Photo credit: Yield Guild Games
The guild further said that more than 166,000 badgeholders – those who hold a non-transferable NFT that gives them access to the YGG website and its exclusive features – have joined its community since its launch in November 2021. This includes more than 4,400 scholars – players who borrow axies, or digital monsters on Axie Infinity – who have contributed to nearly 70% of its revenue.
YGG SEA also hinted at opening new offices in Southeast Asia soon.
See also: A16z’s first Philippine bet is shaking up blockchain gaming
The announcement comes close on the heels of YGG releasing its new community update report. The guild revealed it had US$25.5 million worth of axies on its platform as of the fourth quarter of 2021. It added that its earnings from Smooth Love Potion – Axie Infinity’s in-game digital currency – generated US$1.3 million in revenue last year.
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
