YieldGuild Games Dips Its Toes into Venture Capital Landscape With $75 Million Fund

02/18/2023 10:10 • AI Insights • 83 views

It is reported that the game guild YieldGuild Games (YGG) is entering the field of venture capital and is raising $75 million for its first fund, YGG Ventures Fund I.

The game guild YGG launched the first Web3 fund, YGG Ventures Fund I, and plans to raise $75 million

Analysis based on this information:

YieldGuild Games (YGG,) a decentralized gaming guild, has announced its foray into the world of venture capital with the launch of YGG Ventures Fund I. The game guild is reportedly looking to raise $75 million for its maiden fund aimed at investing in blockchain-based games and related platforms.

YGG, which was founded in 2020, has been making a lot of waves in the gaming ecosystem. Its primary goal is to empower gamers by enabling them to earn money through gaming while also creating a sustainable gaming ecosystem.

YGG has raised more than $40 million via several funding rounds involving some of the biggest names in blockchain and traditional gaming. The gaming guild’s method of harnessing the play-to-earn model in blockchain gaming has been lauded by several analysts, leading to a surge in its popularity over the past few months.

With YGG Ventures, the game guild aims to invest in up-and-coming blockchain-based gaming platforms. The investment will be used to increase adoption of the play-to-earn model globally while also creating more gaming opportunities with blockchain at the core.

The gaming guild is bullish about the future of the gaming industry, with its CEO pointing out that blockchain technology has created a perfect platform for building communities where players’ contributions can be adequately rewarded. According to YGG CEO, Gabby Dizon, the move into venture capital is aimed at expanding the guild’s capability to empower gamers by investing in the next generation of blockchain gaming development outfits.

With a $75 million fund now in play, YGG is looking to position itself as not just a major player in the gaming ecosystem but also as a major player in blockchain-based venture capital investment.

In conclusion, YieldGuild Games’ foray into venture capital is a logical step aimed at creating a sustainable ecosystem for blockchain-based gaming. With this move, the gaming guild is taking a more proactive approach to drive the agenda for play-to-earn gaming while also investing in the next-generation developers who will drive the industry’s growth over the next few years.

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