![]() But salaried workers lower on the totem pole haven’t shared in the growing pie. This has enriched the investor class-the wealthy elites who own equity. Since the world began to globalize, capital has moved easily across borders. What excites Dizon is the opportunity for labor to be as free flowing as capital. YGG is seeing people get paid to be digital fashion designers for avatars or architects for virtual buildings. ![]() Play-to-earn games started because games need player liquidity-games aren’t fun if no one else is playing, so the ability to earn income lures enough players to kickstart things. Gabby Dizon likens his organization to “settling the metaverse.” Just as settlers explored the American frontier in the 1700s and Singapore in the 1950s, gamers are settling digital worlds. ![]() Star Atlas’ co-founder says: “Yield Guild Games will provide access to burgeoning gaming communities based in the Philippines and throughout Asia, while Star Atlas will build the metaverse in which Yield Guild Games guild members earn yield.” The latest addition is Star Atlas, a space exploration strategy game. The Guild owns virtual real estate in The Sandbox and in League of Kingdoms, leasing that land to players. More recently, YGG has added more blockchain-based games. YGG scholars have now earned six million Small Love Potion, two million in April alone. YGG’s founder, Gabby Dizon, emphasizes that players and community managers aren’t employees of the Guild-they’re entrepreneurs. ) YGG’s vision is to allow anyone to earn income through play-to-earn games across the metaverse. (For an overview of DAOs, check out Linda Xie’s piece here. Yield Guild Games is a decentralized autonomous organization, or DAO-essentially a community-owned organization built on a shared set of blockchain-enforced rules. Each manager recruits players from their respective sub-communities, trains them in how to win games in Axie Infinity, and starts them on the road of earning SLP for their families. YGG recruits existing members of the community as our “scholarship managers”, who recruit and train our Axie “scholars” or players that are leasing Axies from the guild. In its December launch announcement, YGG described its “scholarship” model:Ĭurrently, we are in the alpha stage of our automated “scholarship program”, leasing out Axies to players who want to get started playing Axie Infinity. They help me build my confidence and teach me leadership.” Hearing him speak about it, it sounds like any good job: “My bosses in Axie University aren’t as strict as other bosses. Howard, the player mentioned above, was recruited by a community manager and is happy with the arrangement. Players get to keep 70% of the money they make in the game. Many players find out about YGG through community managers, who recruit new players and take a share of earnings. Then YGG leases those assets to players so that players can start playing the game and making money. ![]() YGG buys up game assets across various online games, including Axies. Yield Guild Games (YGG) emerged to solve this problem. An Axie costs about $100 today, and you need three Axies to play the game-that’s $300 in upfront cost, or over a month’s wages for many Filipinos. What’s fascinating about play-to-earn games is how they foreshadow future labor structures-structures that will become more common in an increasingly-digital, borderless economy.Ī problem with Axie Infinity is that it can be cost-prohibitive to get started. It’s how we pay for our medicine.” During the pandemic, playing Axie became a viable source of income in many developing countries: players in the Philippines comprise about 30% of global Axie players Indonesia comes in second with 15% global share. One 75-year-old man plays from 4am to 10pm and says, “This is my only entertainment.” His wife adds, “We’re praying to the Lord that Axie doesn’t go away. Play-to-earn games have been life-changing for members of the community. A 66-year-old grandmother earns a living on Axie Source
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