Yield Guild Games Southeast Asia, also known as YGG SEA, is the first subDAO within the Yield Guild Games ecosystem. YGG SEA is a decentralized autonomous organization (DAO) to acquire and manage non-fungible tokens (NFTs) used in the metaverse, with a mission to create the largest and most sustainable play-to-earn (P2E) virtual economy focused on Southeast Asia
In this article, we will discuss:
What is Yield Guild Games Southeast Asia (YGG SEA)?
Yield Guild Games Southeast Asia is the first subDAO of YGG, a play-to-earn (P2E) gaming guild, and was created to exploit the growing popularity of blockchain games in the Asian region.
The guild's sub-DAO, YGG SEA, aims to release the benefits of games play-to-earn in underprivileged Southeast Asian countries and help them keep pace with the growing application of blockchain technology.
Through sub-DAO, guild members will have the privilege of having direct access to highly valuable and expensive NFT assets and up to 70% share of their in-game earnings.
YGG SEA's Big Plans for Southeast Asia
YGG SEA will support games from blockchain with local languages such as Thai, Bahasa Indonesia and Tagalog to further increase the adoption of decentralized gaming in the region.
On top of this, YGG SEA has already secured participation in a number of new play-to-earn games designed for a wide range of gamers, meaning it is prepared to expand its presence to more players in Southeast Asia.
YGG SEA plans to first set foot in Singapore, Indonesia, Thailand and Vietnam before expanding to other countries in the region.
The subDAO is truly prepared for its Asian expansion as it is equipped with a team with long and deep knowledge in promoting technology adoption in Southeast Asia, a region with more than 700 million people from 11 nations open to new technologies.
Team behind the YGG SEA project
Evan Spytma is the CEO and co-founder of YGG SEA and has more than two decades of experience with some of the most prestigious game studios in the world, including Electronic Arts (EA) and Unity Technologies.
Alongside him are fellow co-founders Dan Wang, who has a solid gaming background through his experiences leading operations at Riot Games in China, and Irene Umar of Discovery Nusantara Capital, a gaming VC based in Indonesia.
How It Works Yield Guild Games Southeast Asia (YGG SEA)
YGG SEA's goal is to expand access and provide localized support throughout Southeast Asia. As the region is about to explode in the metaverse through skill, hard work and tenacity, YGG SEA wants to ensure these opportunities remain open to all. YGG SEA plans to serve fellows in the following capacity.
NFT Asset and Treasury Management – Through the relationship with YGG, YGG SEA has the most extensive network of P2E games that the Southeast Asian community wants to play. Having access to the best resources for the most in-demand games players crave once they learn about them.
Incubation and investment – Unlock new narratives for players in Southeast Asia to explore local mythologies and folklore by investing in regionally developed titles and regional languages such as Tagalog, Thai and Bahasa Indonesia.
diversification of opportunities – YGG SEA has already secured major entries in a catalog of new P2E titles that will appear for all types of gamers so that they can support the largest and most comprehensive group of games across the region.
Onboarding – By localizing team support for each country, YGG SEA can help integrate more players across the world of cryptofinance.
Credit capacity and mobility – YGG SEA will focus on how you can best represent your community's needs through local partnerships so that online efforts and reputation can be part of your financial stability and mobility in the real world.
A short jump on YGG
Yield Guild Games (YGG) , the mother DAO who gave life to YGG SEA, is a gaming guild worth acquiring valuable assets from various blockchain games and lending them to your guild or academics.
This mechanism allows scholars to utilize assets from NFT games of high value and earn from them without spending a lot of capital.
It currently serves fewer than 5.000 academics and is a potential game changer in the blockchain gaming industry as it allows more players to gain access to and profit from expensive NFT assets.
YGG SEA raised $15 million for its Asian venture
In the year 2021, YGG SEA announced that it has successfully raised $15 million in its two fundraising rounds.
YGG SEA's first round of financing was supported by Infinity Ventures Crypto, while the second round of financing was attended by Animoca Brands, Crypto.com Capital, Polygon and other big names in the venture capital field.
Sembrani Kiganis of BRI Ventures was also one of the venture capital firms that supported YGG SEA. BRI Ventures is an Indonesia-based venture capital firm backed by Bank Rakyat Indonesia, and the partnership between the two companies would further open Indonesia to the world of blockchain gaming.
Funds raised by YGG SEA will be used to finance, develop and support locally published play-to-earn games in the region and for acquisitions of game assets that would further strengthen its presence in Southeast Asia.
YGG SEA Partnerships
YGG SEA collaborates with Kollect
YGG SEA has partnered with Kollect, a blockchain-powered gamified card collection platform, to establish a strong presence in Southeast Asia and make blockchain games more accessible to Asians.
Kollect and YGG SEA have joined forces to allow both communities to interact and enable players to discuss strategies on how to win games. And since both are decentralized platforms, their synergy also provides throughput, trading and other DeFi transactions.
YGG SEA Partners with GamePad
YGG SEA has signed an agreement with GamePad through an investment partnership aimed at improving the play-to-earn games of the gaming encryption platform and its ecosystem.
Furthermore, this agreement would allow the GamePad to expand in Southeast Asia with the help of YGG SEA's vast network and player base, which would further increase the gaming platform's exposure and popularity.
Conclusion
There is no doubt that blockchain games will be the future of the gaming industry, but most of them can be very expensive for gamers, especially for Southeast Asian gamers.
But, with the help of YGG SEA, more players in the region can finally access various decentralized games and earn from them, giving them a much needed income stream and allowing them to enjoy the other benefits of these games.
