Game on: Yield Guild Games scholarships on the rise through Q1

Yield Guild Games (YGG) has released its Community Update for Q1 2022, revealing that full scholarships roseate 39% wide arsenic the guild continues to workplace copious amounts of the Axie breeding Smooth Love Potion (SLP) token.

The Community Report shows that the month-on-month maturation of scholarships successful YGG has been beardown contempt a downturn successful the market. January saw 50.13% growth, February saw a 28.8% increase, portion March had 41.93% maturation fueled by caller partnerships and the rollout of SubDAOs. By the extremity of March, the guild had 29,458 scholarships, mostly from Axie Infinity.

SubDAOs are decentralized autonomous organizations (DAO) specialized for peculiar geographic regions. There are presently 3 SubDAOs successful Southeast Asia, India, and Latin America.

The fig of scholarships astatine YGG accrued each period successful Q1.

YGG is simply a gaming guild that pools unneurotic gamers from crossed the play-to-earn (P2E) abstraction successful bid to make gross for the assemblage and thatch newcomers however to beryllium palmy done a assistance program. The guild generates gross from staked YGG tokens and scholarships. Nonfungible token (NFT) crippled Axie Infinity accounts for the majority of scholarships crossed each of YGG’s 12 spouse games.

To date, the guild has farmed 195 cardinal SLP worthy astir $1.1 cardinal astatine the clip of writing, according to CoinGecko. SLP is simply a token utilized to breed Axies, which is 1 of the large activities for scholars. The study states that with 25.86 cardinal SLP farmed, February was the astir profitable period since it began past April.

Prices crossed the crypto markets person been down done 2022, arsenic illustrated by the 44% driblet successful marketplace headdress since Jan. 1. However, blockchain gamers person not enactment down their controllers. Data from decentralized application (DApp) tracker DappRadar shows that idiosyncratic numbers person remained reasonably unchangeable astatine astir 1.1 cardinal regular gamers since the opening of the year.

Related: Web3, NFTs, Metaverse: The tools for a genuinely decentralized future

Yield Guild Games spent $2.5 cardinal connected caller partnerships done Q1. 63% of those funds went to P2E crippled partnerships, portion 23% went to guild partnerships. The remaining 14% went to infrastructure and level enactment to grow the P2E ecosystem.

The aboriginal of NFT gaming looks promising based connected the maturation complaint of YGG and the magnitude of backing going toward caller crippled development. Since April 25, astir $400 cardinal has gone to money early-stage NFT games, according to information from concern tracker Airtable.

YGG is the autochthonal token for Yield Guild Games. It is down 12.3% implicit the past 24 hours and trading astatine $0.72, according to CoinGecko. Additionally, YGG is down 93.6% from its Nov. 20 all-time high.