Yield Guild Video games (YGG) introduced the launch of Onchain Guilds, a blockchain-based platform designed to assist communities handle and confirm collective contributions.
The platform operates on Base, Coinbase's Ethereum Layer-2 community, providing sooner and less expensive transactions. The Philippines, a world chief in Web3 gaming adoption, would be the preliminary focus of this new initiative.
YGG goals to offer the neighborhood with instruments to arrange and doc their collective achievements in a safe and cost-effective method. That is in step with broader efforts to develop the usage of blockchain expertise past gaming and into different areas of digital collaboration.
Supply: YGGWhat’s an on-chain guild?
On-chain guilds enable teams corresponding to gaming groups, freelancers, and content material creators to document and handle their contributions utilizing blockchain expertise. The platform supplies instruments to doc work, handle shared property, and construct group fame via verifiable information saved on-chain.
“Fame is on-chain and visual to everybody. It's etched in your pockets, so that you personal it, not social networks or different platforms,” says YGG. Founder Gabby Dizon mentioned.
The system eliminates reliance on centralized platforms to confirm contributions and supplies a clear and decentralized strategy to fame administration. YGG additionally plans to develop on-chain guilds into non-gaming areas corresponding to AI information labeling and freelance work, constructing on latest efforts to discover broader purposes of blockchain. .
Supply: YGGWhy is Base vital to this launch?
The platform might be launched on Base, Coinbase’s Layer 2 community constructed utilizing the Optimism Stack. Base maintains the safety and decentralization of Ethereum whereas enabling sooner and cheaper transactions. That is very true within the Philippines, the place excessive transaction prices can restrict entry to blockchain instruments.
The Philippines is a vital marketplace for Web3 innovation and persistently ranks as one of the vital energetic areas for Web3 gaming. YGG Pilipinas has over 1.2 million members and in line with a research by ConsenSys, 96% of Filipinos are conscious of cryptocurrencies.
This makes the nation well-suited for the introduction of on-chain guilds, the place communities can leverage blockchain to reinforce collaboration and entry new alternatives.
(Tag Translation) Base Community
