Yield Guild Games(YGG)

March 16th, 2023 – Coinscribble / ThunderCore has partnered with Yield Guild Games Southeast Asia (YGG SEA), Southeast Asia's largest blockchain gaming guild, to launch a developer program that will tap into the growing demand for blockchain-based games and virtual worlds. The partnership is a manifesto of our commitments to bridge the South East Asia developer talent into Web3 and attract global Web3 talent into the region. It’s going to be a game-changer in the Web3 world of Southeast Asia. Partnership to boost SEA Web3 gaming development ThunderCore is a blockchain platform that provides a scalable and fast infrastructure for decentralized applications (DApps). YGG SEA, on the other hand, is a gaming guild that has evolved into a community driven ecosystem player, establishing strong grass roots presence, connecting and engaging a deep relationship with their community members in the SEA market. For developers, YGG SEA’s massive reach in the region and ThunderCore’s strong user retention skills offer the perfect tools to enter the SEA market as effectively as possible. The developer program is expected to help YGG SEA open opportunities beyond ‘just playing’ games to its community of gamers & creators within the metaverse; and at the same time, provide go-to-market access for ThunderCore and Blockchain game developers into the region. As YGG SEA continues to grow its user base in Southeast Asia, YGG SEA has partnered with over 80 games and has more than 175 K community members and deployed more than 20,000 scholarships to date. In line with YGG SEA efforts to be the friendly gateway into the metaverse for ANYONE, YGG SEA provides language specific support on its platform. It has a stellar track record of helping games establish market presence in SEA and features some of the biggest success stories in blockchain gaming to date. South East Asia is a key market for global economic growth and will be a key driver for Web3 community growth as pioneered in 2021/2022 by Axie Infinity, the region’s home-grown blockchain game. Thanks to its battle-tested fast and secure infrastructure, ThunderCore is perfectly positioned to support the development of high-performance Dapps required for blockchain gaming. It excels at acquiring and retaining new users, frequently clocking over 100,000 daily active users (DAU) according to DappRadar due to its entertainment-first approach to growing its ecosystem. This proven ecosystem retention mechanism will help developers retain users and build a strong community around their projects in the long term. Future Plans With its mission to create the biggest and most sustainable play-to-own (P2O) virtual economy focused on Southeast Asia, the partnership between ThunderCore and YGG SEA is expected to create a more diverse and vibrant game ecosystem in the region. Roger Hsu, CEO of ThunderCore, had the following to say: "Our YGG SEA partnership is an important step for ThunderCore as we expand our presence in the SEA market to help grow the blockchain gaming industry and create new opportunities for ourselves as well as developers, investors, and gamers in the region.” About ThunderCore ThunderCore is the only platform growing DApp users organically through ecosystem retention, which will be the key driving force behind the real mass adoption of blockchain. Its proof-of-stake (PoS) architecture, EVM compatibility, entertainment-first ethos, and deep developer support provide a battle-tested home for the next generation of crypto innovators across Web3, DeFi, NFTs, GameFi, and the metaverse. Thanks to its unique PaLa consensus mechanism, ThunderCore can handle 4,000+ TPS with sub-second confirmation times and ultra-low gas fees kept at a fraction of a cent. ThunderCore Token (TT), the chain’s popular native asset, can be stored in the feature-rich TT Wallet, together with other supported ecosystem assets. About YGG SEA YGG SEA is a gaming guild with a strong community presence in SouthEast Asia. The DAO (Decentralised Autonomous Organization) is YGG’s first guild partner (previously called as SubDAO) and its aim is to become the friendly face in onboarding anyone into the metaverse through gaming, education and providing access to yield earning opportunities in the metaverse. We believe blockchain technology is here to disrupt many aspects of lives and the biggest challenge for the entire ecosystem is ease of access. s part of the ecosystem, YGG SEA believes that gamification is the way to onboard the next billion users and that “playing” is everyone’s birthright. T YGG SEA alongside our ecosystem partners like Thundercore and game developers within this program wants to create opportunities for our communities to have a real job and impact within the metaverse. - Irene Umar, Co Founder of YGG SEA. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

With Bitcoin at an interesting crossroads this week, it is imperative to look at all the contributing factors that could influence the market’s trajectory, especially the launch of a new Ethereum Layer-2 network. Let’s find out more. Bitcoin Bitcoin is facing fortress resistance made up of the 200 weekly MA and the last high reached in August 2022. Bitcoin saw a sell-off this week after it managed to touch resistance, resulting in traders wondering if the crypto has hit its top for now or if it will have another upward surge soon. Ethereum Crypto exchange Coinbase announced the launch of Base, an Ethereum layer-2 network that is designed to be a low-cost, secure, developer-friendly environment. DeFi Following a partnership announcement with Microsoft, the DeFi protocol Ankr swiftly reached over $1.5 billion in 24-hour trading volume, with its token sailing past $0.06 in hours. Altcoins The Solana-themed retail storefronts called Solana Spaces have announced that they are closing their brick-and-mortar storefronts in New York City and Miami. The Klaytn Foundation has unveiled its plans to introduce a new governance system to provide opportunities for community involvement on the Klaytn platform TON validators are set to vote on a proposal that could adjust the supply of Toncoin by freezing 1 billion tokens for the next 48 months before eventually unfreezing it. Recently uncovered documents have claimed that the infamous Crypto Queen, i.e., Ruja Ignatova, has been dead for five years. The Bank of England has published a technology working paper laying out its ideas for a future digital pound that will respect user privacy. Business Binance Australia has announced that it has closed the derivatives trading accounts of some wholesale investors in Australia. Payments giant Mastercard has partnered with Immersive to allow users to make crypto payments in the digital, physical, and metaverse worlds. Ethereum Layer-2, scaling solution Polygon, has announced that it has laid off around 20% of its existing workforce as part of a wider company restructuring. Crypto hedge fund Galois Capital has been forced to shut down after it was revealed that half of its assets were trapped on the FTX crypto exchange. Despite regulatory changes, the Huobi crypto exchange is relocating its Asia headquarters from Singapore to Hong Kong. Regulation The IMF put out a press release on Thursday detailing the points of a paper called “Elements of Effective Policies for Crypto Assets.” Dapper Labs could be forced to face a lawsuit filed by the SEC which alleges that the NBA Top Shots NFTs could be securities. NFT Three Arrows Capital liquidator Teneo has announced that they would be selling the bankrupt firm’s prized NFTs to help recoup the over $3.6 billion owed to creditors. The WazirX NFT marketplace, which was launched two years ago, has been shut down due to uncertain market conditions. DWF Labs and a16z have taken the lead in a $13.8m token purchase from the treasury of blockchain gaming guild Yield Guild Games (YGG). Bored Ape NFT creators Yuga Labs had to remove the logo for Bored Ape Kennel Club (BAKC) over intellectual property issues. Web3 The music streaming service Spotify is working with different digital asset companies to test NFT-enabled playlists for token holders. Polygon blockchain explorer PolygonScan recently went into a brief halt, caused by a sync error on the Polygon mainnet. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

DWF Labs, the investment arm of cryptocurrency trading platform Digital Wave Finance (DWF), has taken the lead along with Andreessen Horowitz’s a16z Crypto fund in a $13.8m token purchase from the treasury of blockchain gaming guild Yield Guild Games (YGG). Galaxy Interactive, Sangha Capital Fund, Sanctor Capital, and angel investor David Lee also participated in the round. YGG did not disclose how many tokens it sold but they are estimated to account for at least 35% of the total $25mn asset value held in its treasury as of November 2022. Founded in 2018 by gaming industry veteran Gabby Dizon and fintech entrepreneur Beryl Li, YGG coordinates players of blockchain-based play-to-earn (P2E) games around the world to help each other onboard and earn cryptocurrency-based rewards. YGG also invests in gaming non-fungible tokens (NFTs), such as in-game items and virtual land, that it rents to members to use in their gameplay to generate profits or yield. Dizon co-founded YGG after he started lending his own Axie Infinity NFTs to other players who could not afford to buy their own to enter the game. YGG has since become the biggest in-game asset manager and investor in the popular P2E game. YGG incorporated in Switzerland in 2022 to adopt a flexible, non-profit legal structure as part of its move towards decentralization, providing validity for YGG token holders as members of the association with the power to vote on governance. “The token purchase signals the confidence of our partners in YGG’s mission of empowering gamers through web3 gaming,” said YGG co-founder Gabby Dizon. “The purchase will support the progress of the guild’s initiatives as it aims to provide the web3 community with valuable products and experiences. YGG will use the funds to develop its soulbound reputation token (SBT), which will become a major part of its ecosystem platform. SBT tokens are linked to a user’s crypto wallet permanently. YGG carried out a test launch of the tokens last year as in-game rewards and plans to launch an upgraded version of its web app in March. Creators will receive SBT tokens as rewards for completing certain tasks or quests. “We have committed to support YGG as part of our vision towards a blockchain-based economy through web3,” said Andrei Grachev, Managing Partner at DWF Labs. As a multi-stage web3 multi-product ecosystem, DWF Labs provides arrange of services including consulting, cybersecurity, smart contract audit process, debt financing, and treasury management. It also provides trading solutions such as token listing, over the counter (OTC) trading, and liquidity support for clients through its partners in different verticals. DWF Labs has supported more than 50 web3 projects and collaborates with top cryptocurrency exchanges such as Binance and ByBit. “We believe that blockchain has the potential to transform the gaming industry by enabling players to own their own assets and earn rewards,” Grachev added. “Through YGG’s partnerships with NFT games and ecosystems like Axie Infinity, The Sandbox and League of Kingdoms, the guild is at the forefront of blockchain-based game economies. Our goal is to support YGG and help the guild expand its offerings such as the Guild Advancement Program to connect even more players and provide them with an opportunity to participate in a decentralized gaming ecosystem and get rewarded from their gaming activities.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Consola.finance has announced the release of its finance and accounting platform with an unparalleled infrastructure for on-chain data, completely revamping how web3 firms approach crypto finance management. The launch follows after identifying the lack of comprehensive accounting tools to record all transactions, wallet balances, and other on-chain operations. Vienna, Austria, 10 January 2023: Consola.finance, announced today the launch of its anticipated end-to-end finance and accounting platform specifically designed for web3 firms. Following the successful pre-seed round September in 2022, closing €1.1 million in funding, the B2B SaaS platform offers an innovative solution for bookkeeping, accounting, and reporting for all blockchain transactional activity. The launch follows after identifying the lack of comprehensive tools to unify accounting related processes. At present, there is no benchmark process for crypto bookkeeping, and international accounting standards do not provide any bookkeeping framework. Bookkeeping is a crucial element to the success of all web3 organizations, and despite the millions of crypto transactions active daily across the globe, most crypto bookkeeping is still recorded manually. Now more than ever, the recording of trading, staking, or payments is of great importance, and as a result, automated crypto bookkeeping solutions are gaining traction across web3 businesses. Consola.finance is committed to providing companies with clarity and control over their crypto finances, and their first product version successfully achieves this goal. With features like transaction and price fetching, fiat valuation, auto-categorization, cost basis calculation, profit and loss calculation, dashboarding, and reporting, the platform provides a solution to streamlining a web3 company’s financial processes. Moreover, the platform aims to unify on-chain operations across accounting, payments, and DeFi, enabling organizations to fully leverage the potential of blockchain in a secure, compliant, and efficient manner, offering unprecedented solutions for automated payments, expense, and invoice management. Consola.finance worked closely with leading organizations including Rook DAO, Decent DAO, MoonDAO, YGG SEA, Spool DAO, Solid World DAO, Bitpanda, LimeWire, Katana Inu, and many others to build its robust platform. "We are excited to launch our first product version and offer web3 firms a solution to manage their crypto finances with ease. We have built a completely new on-chain data infrastructure that provides the highest level of quality, and have partnered with leading node providers and auditing firms to ensure the accuracy and reliability of our data.", said Jacob from consola.finance "Consola.finance is an extremely powerful tool that helps crypto natives like me to better organize, interpret and use the power of my data to make better decisions”, said Matt from Rook DAO. "Consola.finance takes the manual time-consuming work out of on-chain accounting, freeing up my time to focus on other high-value operations", said Adam from Decent DAO. Through consola.finance's partnerships with significant node providers, tax advisors and DeFi applications to integrate their solutions, the company successfully closes the gap of companies currently requiring several point solutions to manage, spend, track and report their on-chain finances. About consola.finance consola.finance, an EU-based finance and accounting SaaS platform brings clarity and control to companies' crypto finances. consola.finance automates crypto finance processes like bookkeeping and reporting, saving valuable time and reducing the risk of human error. To try out consola.finance, companies can visit app.consola.finance and sign up. For partnerships, consola.finance can be contacted via [email protected], Twitter or Discord. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Popular streamer and serial NFT project founder DNP3 has admitted to using investor funds to fuel his gambling addiction. In a statement issued on January 3, the social media star, who has over one million followers and subscribers across various platforms, revealed that he had become addicted to gambling and had pumped "every dollar he could find" into the Stake crypto casino, resulting in the loss of his life savings. DNP3 is particularly well-known for his highly-publicised acts of generosity, including handing out large sums of money to other streamers, as well as his involvement in a number of NFT projects, including CluCoin, the Gridcraft play-to-earn platform, and the Goobers NFT project. I’m sorry.Read: https://t.co/RKM1wYggnC — DNP3 (@DNPthree) January 3, 2023 Statement of apology In his statement, DNP3 apologised profusely for his actions, saying that "there aren't words to describe the level of shame and guilt" and calling his confession "my attempt to break free." He also stated that he is working with a help group to aid in his recovery. The extent of the damage done to the projects he was involved in and to those who have invested in them is still unknown. DNP3 has promised to create a separate tweet with information about the next steps for each of the projects. DNP3 ended his statement with the following words: “I am sorry that I betrayed your trust. I am sorry that I did not live up to my values of integrity. I am sorry that I let you all down. I am sorry.” The tone of the Twitter thread replies that followed his “Sorry” tweet were very mixed. Some expressed love and support, while many others were angry at what they saw as a betrayal of trust. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Tel Aviv, Israel, 15th November, 2022, ChainwireFirst-of-its-kind Web3 gaming event to connect the community, gaming studios, and influential industry participants to reward selected winners from over 200 games for 16 unique categories Echoing the rapid growth of blockchain-based gaming and rising investment inflows, Polkastarter will be hosting the first-ever GAM3 Awards to showcase the industry’s progress in constructing engaging, entertaining Web3 games. To handle the award show’s coverage, publicity, and promotion, MarketAcross is collaborating with Polkastarter and other leading industry participants as the event’s official media partner. Slated for a Twitch broadcast on December 15, 2022, the GAM3 Awards are designed to highlight the best Web3 games delivering a fun and engaging experience for players instead of concentrating on token economies and gamification typical of blockchain gaming titles. The event’s judges will evaluate over 200 Web3 games across 16 categories before doling out $300,000 in prizes to the winning teams. Prizes are sponsored by a consortium of crypto’s biggest names, including the Blockchain Game Alliance, Immutable X, Machinations, and Ultra, among others. Besides its role as the official event media partner, MarketAcross Managing Partner Itai Elizur will be serving as a judge on the awards panel. He will join over 30 other industry creators, investors, and experts who command extensive experience across both the Web2 and Web3 gaming landscapes to evaluate the nominated projects based on the quality of their gaming experiences before voting for the winners. The community and studios will also participate in selecting winners in award categories such as People’s Choice, Games’ Choice, and Best Content Creator. Joining the judging process are Ancient8 Co-Founder Nathan N, Animoca Brands Senior Manager Jesper Lindquist, Avalanche Head of Gaming Edward Chang, Avocado DAO CEO Brendan Wong, BNB Chain Business Development Director John Izaguirre, Fractal Founder Justin Kan, Lv.99 Co-Founder Yoshihisa Hashimoto, Polygon Studios Head of Global Games Urvit Goel, Sfermion General Partner Dan Patterson, Solana Foundation Tech & Product Leadership Matt Sorg, YGG Head of Partnerships Sarutobi Sasuke, and many others. MarketAcross Managing Partner Itai Elizur concludes, “The success of Web3 gaming ultimately depends on competing with AAA gaming titles to attract and engage a broader gamer audience. We truly appreciate the approach the GAM3 Awards embodies of basing awards on gameplay instead of tokenomics. While many play-to-earn titles are entering the space, we argue that any Web3 gaming triumph will be the function of great storylines, stunning graphics, and engaging gameplay, which is why this event’s core philosophy is so indispensable.” “We called it the “GAME” awards, with a 3, to keep the focus on the actual games themselves, get rid of the web3 jargon and negative connotation, while still paying tribute to the underlying web3 tech that we believe will help shape the future of gaming. The GAM3 Awards is set to highlight the high quality of web3 games in the space and showcase the true potential of blockchain technology integration, without jeopardizing the quality of the games themselves.” stated Omar Ghanem, Head of Gaming at Polkastarter. About MarketAcross Established in 2013, MarketAcross is an accomplished public relations and marketing firm offering superior global coverage to ambitious blockchain-based projects. Through its ongoing efforts, MarketAcross has collaborated with the industry’s leading exchanges and blockchains, including Binance, Polkadot, Polygon, and Solana. In addition to helping clients advance their missions through awareness campaigns, MarketAcross positions clients in front of relevant cryptocurrency and blockchain audiences worldwide. About GAM3 Awards GAM3 Awards 2022 is the inaugural edition of the annual web3 gaming awards. Hosted by Polkastarter Gaming, Polkastarter’s first step at reimagining the future of blockchain gaming, which has grown to a community of over 70,000 gamers across the globe. The awards celebrate the highest quality web3 games, with the event boasting industry leaders, ecosystems and media outlets and rewards the top games developers and content creators with monetary prizes and services valued at over $300,000. Learn more: Website | Twitter | Discord | Twitch | YouTubeContactDan [email protected]