Yield Guild Games doubles down on play-to-earn model with $4M funding round

Cointelegraph

Published Jun 16, 2021 02:30PM ET

Updated Jun 16, 2021 04:00PM ET

Yield Guild Games, also known as YGG, has received the backing of several venture firms and angel investors as it embarks on a mission to expand its network and popularize the play-to-earn gaming model.

The $4 million cash injection will be used to invest in nonfungible token, or NFT, assets of play-to-earn games, the company announced Wednesday. YGG describes itself as a decentralized gaming guild of players who generate yield from NFT-based games.

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