Blockchain Gaming Guild YGG Records 174% Player Increase in Q1
Yield Guild Games (YGG) saw a 174 percent increase in players in the first quarter of 2022 compared to Q4 2021.
According to YGG's recent community update report for the quarter, new games launched by partner subDAOs contributed to the increase in scholars — players who borrow digital assets to participate in play-to-earn games. The three subDAOs - YGG India, YGG South East Asia and Ola GG, were formed with the goal of extending the guild's reach to hundreds of millions of gamers all over the world.
At the beginning of February 2022, YGG launched its second scholarship program, allowing players to use YGG assets to earn CyBloc Battery Tokens (CBT) in the cyborg-themed soccer game CyBall.
YGG also initiated 13 new partnerships in the first quarter of 2022, totalling over $2.5 million, with 63 percent going to play-to-earn game partnerships, 23 percent to gaming guild partnerships, and the remaining 14 percent were targeted at platforms and infrastructure to support the P2E ecosystem.
There were 29,548 YGG scholars putting close to 90,000 assets to work across the metaverse by the end of Q1 2022. The highest month-on-month scholarship growth was recorded in January at 50.13 percent, followed by 28.80 percent in February and 41.93 percent in March.
In the first quarter of 2022, these scholars harvested a total of 55.5 million SLP, with a new high of 26.4 million in February 2022.