YGG SEA Secures USD 15 Million from Marquee Investors to Boost Play-to-Earn Gaming in Southeast Asia
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Taipei, Taiwan, 26th April, 2022, Chainwire
Yield Guild Games Southeast Asia (YGG SEA), a sub-decentralized autonomous organization (subDAO) of the Philippines-based blockchain gaming startup Yield Guild Games (YGG), has secured USD 15 million across two different private funding rounds. It will use the proceeds to boost the adoption of play-to-earn gaming in Southeast Asian countries.
While the initial round was led by YGG and Infinity Ventures Crypto (IVC), the follow-up round saw participation from Crypto.com Capital, Animoca Brands, MindWorks Ventures, Poloniex, Jump Capital, Sembrani Kiqani (a fund by BRI Ventures), Circle, Digital Currency Group, Hashed, Polygon, Bukalapak, United Overseas Bank (UOB) Venture Management, Arca Funds, Evernew Capital, OKEx Blockdream Ventures, Yolo Ventures, SevenX Ventures, LongHash Ventures, Hashkey Group, Morningstar Ventures, Rise Capital, Dialectic, SweeperDAO, PetRock Capital, DNC Ventures, FBG Capital and Emfarsis.
Animoca Brands CEO Robby Yung commented, “As an investor in YGG, Animoca Brands is a supporter of the YGG SEA team, its business model, and its regional focus. We believe YGG SEA will strongly contribute to onboarding players to blockchain across South East Asia.”
YGG SEA is the first regional subDAO of Yield Guild Games, focusing on players from Malaysia, Indonesia, Vietnam, and Thailand. The subDAOs like YGG SEA are at the core of YGG’s expansion strategy across the world as they have the local knowledge and networks. To expand quickly and deeply, having regional subDAOs is key to the community development of the overall YGG ecosystem.
In YGG Ecosystem, the goal is not just to onboard
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