Yield Guide Games (YGG), the popular gaming guild, has reached a milestone in terms of new scholars for the Axie Infinity platform and various other play-to-earn (P2E) games.
It has been reported that Yield Guild Games reported 20,700 unique scholars in February, an increase of 8,500% since the same month last year when there were just 241. The milestone marks a “new record in the play-to-earn space.”
However, the play-to-earn scholarships allow new players to borrow a team of Axie nonfungible tokens (NFTs) from the Guild. Their in-game earnings are then split between the player, the community manager, and the YGG decentralized autonomous organization, or DAO.
Colin Goltra, the Global Chief Operating Officer at YGG, said:
“This is only the first of the many milestones that we want to achieve for YGG. We‘ve really ramped up organisational investment in our ‘Game Ops’ function, which is essentially the bridge between the games we partner with and our community of guild members.”
The report said that YGG reported that in February, scholars farmed more than 26.4 million Smooth Love Potion (SLP), a native token for Axie Infinity. This figure represents a 57% increase from January’s farming figures. It added that more than 18.4 million SLP (worth around $360,000 at the end of February) or 70% of the total, was received by scholars, 20% went to the scholarship manager, and 10% to the Guild.
Likewise, despite the slide in SLP prices, there has been sustained demand for scholarships with YGG. SLP is currently trading at around $0.018, down more than 95% from its July 2021 all-time high of $0.40. YGG is a decentralized community of play-to-earn gamers. YGG Pilipinas is a localized entity dedicated to gamers in the Philippines, and there are also YGG subDAOs based in Southeast Asia, India, Latin America, and Brazil. It operates across several games investing in yield-generating in-game nonfungible tokens (NFTs) that are lent out to the players.
It secured a $4 million funding round to invest in NFTs in June 2021 and has had three rounds of funding and a public sale totaling $22.4 million. In addition to Axie scholarships, YGG has launched similar incentives for the soccer-themed cyberpunk play-to-earn game CyBall. The 1,000 scholarships were snapped up quickly and the program is now full but YGG said that more will be offered soon through its Discord channel.
Thus, in February, the YGG had launched a new game-focused proof-of-stake blockchain called Oasys.