YGG expands with onchain guilds on Coinbase's Base

Yield Guild Games (CRYPTO:YGG) has announced its Onchain Guilds platform, set to launch on Base, Coinbase’s Layer-2 Ethereum (CRYPTO:ETH) network, as revealed during the YGG Play Summit.

This new platform aims to enhance how digital collectives manage their reputation and assets using Blockchain technology.

"We've always had guild communities as part of YGG since day one," emphasised Gabby Dizon, founder of Yield Guild Games (YGG). 

He noted that YGG's origins lie in the Axie Infinity scholarship program, which has since expanded to encompass various games and activities. 

Onchain Guilds enables users, including gaming teams and content creators, to establish verifiable records of their achievements on the blockchain.

"The reputation is onchain for everyone to see," Dizon explained.

This transparency allows individuals and groups to showcase their contributions without relying on centralised platforms, giving them ownership over their digital footprints.

Base, known for reducing transaction costs and enhancing speed while maintaining Ethereum's security, was chosen for the platform’s launch.

This move is particularly relevant in the Philippines, where Web3 gaming has become a major source of income, with typical earnings ranging from $3,000 to $12,000 annually.

The country remains a leader in Web3 gaming interest, supported by a 96% crypto awareness rate, based on research from ConsenSys.

YGG’s broader mission extends beyond gaming.

Earlier in 2024, it launched the Future of Work division to apply blockchain tools for freelancers and data contributors in AI projects.

Dizon highlighted that transactions in the digital space are increasingly moving onchain, making platforms like Onchain Guilds crucial for facilitating collective economic participation.

At the time of reporting, the Yield Guild Games (YGG) price was $0.4952.