YGG’s Axie Infinity assets grew to $25.5m in Q4 2021

Philippines-based Yield Guild Games (YGG) owned US$25.5 million worth of digital land and monsters (known as axies) on Axie Infinity as of the fourth quarter of 2021, according to a community update report. These gaming assets cost nearly US$1.7 million, which marks a 15x growth in value for the decentralized gaming company.

Developed by Vietnam-based Sky Mavis, Axie Infinity continued to be the top game for YGG in 2021.

The guild said that its earnings from SLP (or small love potion, Axie Infinity‘s in-game digital currency) generated US$1.3 million in revenue in 2021. YGG scholars – players who borrow axies to join the game – made US$11.7 million, while its community managers earned US$2.6 million in the same period.

Photo credit: YGG

YGG uses a 70-20-10 scholarship model. Scholars get the largest share at 70% and community managers take 20%, while the remanining 10% goes to YGG.

However, YGG’s SLP earnings dropped 69% in December 2021 compared to the previous month. It also saw a roughly 12% reduction in the total number of SLPs farmed.

One reason for this slide was the 19% jump in the price of SLP tokens after Sky Mavis issued a fresh update for Axie Infinity.

YGG’s report further noted that its scholars had farmed almost 132 million SLP tokens in total as of December 2021. While SLP farming fell that month, the company saw it soar in November, marking a nearly 123% surge compared to October.

Photo credit: YGG

The value of YGG’s assets on its other top games increased as well. The guild’s assets on Star Atlas, Monkey League, and Illuvium hit US$10 million, US$8.2 million, and US$6.6 million, respectively.

YGG also added more games in Q4 2021, including Thetan Arena, Aavegotchi, Genopets, VulcanVerse, and Nitro League.

Since its launch in November 2020, YGG has partnered with as many as 48 projects and has invested US$9.7 million in these tie-ups to date. Of that amount, nearly 76% was spent on play-to-earn games, 17.4% on gaming guilds, and 6.4% on what YGG describes as play-to-earn infrastructure games.

“We will continue to grow and forge new partnerships to expand the reach of YGG as we help the play-to-earn market mature. This is an essential phase to ensure our long-term vision for equitable opportunities in the metaverse is realized,” the guild’s founders said in a statement.