KEY TAKEAWAYS
- YGG Play partners with Gigaverse, marking its first third-party game collaboration to enhance Web3 gaming experiences.
- Gigaverse, an onchain RPG, integrates Web3 elements and is known for its community-driven, self-funded development approach.
- The partnership introduces a smart contract-based revenue-sharing model, ensuring transparency and real-time earnings tracking.
- YGG Play aims to expand Gigaverse’s reach through its expertise in organizing gaming events and community engagement.
YGG Play, the publishing arm of Yield Guild Games (YGG), has announced Gigaverse as its first third-party game partner. Gigaverse, an onchain RPG, joins YGG Play with an activation that spans both their games. This includes a Gigaverse-themed board in LOL Land and LOL Land-themed skins in Gigaverse.
This partnership follows the launch of LOL Land, which laid the foundation for YGG Play’s efforts in the Casual Degen genre. Gigaverse aims to advance this category through its successful execution of casual gameplay with degen outcomes. YGG Play is positioning itself as a key player in Web3 gaming by offering streamable, social-first experiences.
Gigaverse’s Unique Approach to Web3 Gaming
Launched on February 12, 2024, Gigaverse is a nostalgic RPG that integrates Web3 elements. The game is live on Abstract and has achieved significant success, partly due to developer GLHF’s community-building efforts. Gigaverse’s founder, Dith, previously gained attention with a viral NFT mint on OpenSea in 2022, which led to his involvement in the Web3 game Pirate Nation.
Gigaverse’s development is notable for being entirely self-funded, with no external investor involvement. The game also relies on an internal creator program for content creation, rather than traditional marketing strategies. This organic approach aligns well with YGG Play’s community-driven model.
Innovative Revenue Sharing Model
YGG Play’s partnership with Gigaverse introduces a smart contract-enforceable revenue-sharing model. This approach ensures transparency and parity between the publisher and the game developer. Unlike traditional models, where developers receive periodic payments, this blockchain-based system allows for real-time tracking of earnings.
Gigaverse’s collaboration with YGG Play is expected to enhance its reach and benefit from YGG’s expertise in rallying gaming communities. The partnership aims to leverage YGG Play’s capabilities in organizing questing programs, tournaments, and events to further grow Gigaverse’s player base.
Why This Matters: Impact, Industry Trends & Expert Insights
YGG Play’s partnership with Gigaverse marks a significant step in the evolution of Web3 gaming, introducing a novel revenue-sharing model and enhancing player engagement through collaborative gaming experiences.
A recent industry report highlights the projected growth of the Web3 gaming market, expected to reach USD 124.74 billion by 2032. This growth is driven by blockchain adoption and NFT integration, aligning with YGG Play’s strategic move to partner with Gigaverse and leverage blockchain technology for enhanced digital ownership and player-driven economies.
As per insights from a BeInCrypto report, expert opinions emphasize the importance of strategic partnerships in Web3 gaming that focus on enhancing digital ownership and player-driven economies. This supports the significance of YGG Play’s collaboration with Gigaverse, aiming to create sustainable growth and engagement in the Web3 gaming landscape.
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