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Yield Guild Games Launches YGG Token on Ronin Blockchain
Yield Guild Games (YGG) has introduced its native YGG token on the Ronin blockchain network with the goal of nurturing growth in Web3 gaming.
Embracing the Launch
Following a governance proposal driven by the community, Sky Mavis, the creator of Axie Infinity, and the Ronin community have welcomed the debut of the YGG token, officially launched today, Thursday, March 21, 2024.
Strategic Integration for Ecosystem Fortification
The strategic integration of the YGG token into the Ronin network aims to strengthen the ecosystem by attracting gamers and games alike. As part of this endeavor, YGG tokens will be airdropped to wallets that stake RON on the YGG validator, facilitating seamless interaction between the Ronin network and the YGG platform.
The collaboration between YGG and Sky Mavis underscores their joint commitment to fostering innovation in the web3 gaming sector.
Significance of YGG Token Integration
The introduction of the YGG token to Ronin signifies a significant milestone in advancing the ecosystem, highlighting a deep-rooted partnership between the entities. Jeff “Jihoz” Zirlin, the co-founder and chief growth officer at Sky Mavis, expressed great enthusiasm for this development, emphasizing the intrinsic link between YGG and Ronin.
Ronin Network Expansion
The Ronin network has witnessed notable growth over the past year, with 22 validators, including YGG, Google, Nansen, and Animoca Brands. Ronin boasts over 100,000 delegators and a total stake exceeding 187 million RON tokens, solidifying its position in the Web3 gaming landscape.
Impact on Pixels
Pixels, YGG’s game partner, experienced a surge in daily active users following its migration to Ronin, surpassing 130,000 users. This leap marked a significant milestone as it reached 500,000 daily active users and a million monthly active users, showcasing the platform’s expanding influence and the success of games within the Ronin ecosystem.
Stay tuned to receive your YGG token airdrop if you were an eligible user who staked RON tokens through the YGG validator before March 11, 2024.
Listing on Katana Exchange
The YGG token will be listed on Katana, Ronin’s native decentralized exchange, enabling liquidity pairings with other tokens in the ecosystem. Holding YGG tokens will unlock exclusive benefits, including token-gated quests and potential airdrops, enhancing community engagement within Ronin.
YGG Partnerships and LongHash Collaboration
YGG’s collaboration with LongHash Ventures signifies a strategic move to further innovate the guild protocol and enhance tokenomics centered around questing and on-chain guild progression.
Since its inception, YGG has developed partnerships with 101 games and networks, propelling the growth of the web3 gaming space. YGG’s strong partnerships have been valued at $50.41 million as of February 2024, showcasing its unwavering commitment to advancing web3 gaming despite challenging market conditions.
Global Network Engagement
YGG has expanded its network to support 3 million gamers across eight regions worldwide, cultivating local web3 gaming communities. Guild partners like NYXL in North America, OLA GG in Latin America, and SKYGG in Korea are instrumental in developing a thriving web3 esports ecosystem within their respective regions.
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