Yield Guild Games (YGG), a decentralised gaming guild, has teamed up with eight new play-to-earn (P2E) blockchain games and invested in them.
YGG provides nonfungible token (NFT) gaming assets to Guild members. So they may earn prizes from a variety of P2E games without having to pay for them upfront. Axie Infinity and Splinterlands are among the guild’s holdings.
Influence, CyBall, Thetan Arena, KOGs SLAM!, MOBOX, Aavegotchi, DeHorizon, and Genopets were among the eight games announced by YGG on Nov. 16 with “strong play-to-earn models.”
YGG’s chief of partnerships, Sarutobi Sasuke, stated that the guild looks for games that have a strong community and a “fair gaming economy”.
He explained, “The team examines the gameplay and game economics. In order to ensure that the games have a robust and fair game economy that pays players appropriately for the time and work they put in.”
YGG has purchased a variety of NFT assets from the games, including tokenized land plots and avatars. While some of the gaming projects are still in the development or pre-launch stages, others, such as Aavegotchi and Mobox, have already hit the market.
Aavegotchi is an Ethereum-based NFT project based on the popular Tamagotchi virtual pet game in Japan. Mobox is a gaming platform based on Binance Smart Chain that incorporates yield farming mechanisms throughout its games. Aavegotchi (GHST) and Mobox (MBOX) both have a market cap of $145 million and $340 million, according to Coingecko.
Microsoft’s gaming executive is wary about NFTs
While several well-known brands and businesses have embraced NFT, Microsoft‘s director of gaming, Phil Spencer, has expressed reservations about integrating the technology with the Xbox Store.
“What I’d say today on NFTs is, I think there’s a lot of speculation and experimentation that’s going on, and that some of the creative that I see today feels more exploitive than about entertainment”, Spencer said in an interview with Axios on Nov. 17: “What I’d say today on NFTs is, I think there’s a lot of speculation and experimentation that’s going on, and that some of the creative that I see today feels
He admitted that not all NFT games are exploitative, and that the industry is still “kind of on that road of people finding it out”.
“And I realise that early on you see a lot of stuff that you definitely don’t want in your business,” he explained.
If Xbox chooses to put NFT titles on the Xbox Store, Spencer says the company will carefully filter out anything it deems unsuitable for users, adding, “We don’t want that type of stuff”.
Quiznos begins NFTs side-hustle
Quiznos, a fast-food sandwich chain located in the United States, has entered the NFT market through a collaboration with Crypto.com.
The company’s first NFT collection, dubbed “Out of This World,” included five open edition NFTs or “sandwich coins”. Portraying astronauts in space clutching or seeking major digital assets including Dogecoin (DOGE), Ether (ETH), and Bitcoin (BTC) (BTC).
The dip was held on Crypto.com and finished on Nov. 16, with a total of 4,403 NFT purchases yielding roughly $176,975.
Quiznos said on Nov. 15 that all earnings from the sale will be donated to World Central Kitchen. An organisation that distributes free meals to communities in need.
“We are ecstatic that Quiznos picked our platform to begin this NFT campaign. In support of initiatives to assist people in need at such a vital moment for our world”, said Joe Conyers III, executive vice president of Crypto.com and global head of NFT. He added:
“We see this as a fun opportunity. In order to link our community with a beloved food brand and a fantastic charity”.
Ice Cube drops ice-cold NFTs
On November 17, Ice Cube will collaborate with digital artist Trevor Jones. To release a series of NFTs on Nifty Gateway.
There are four 1:1 versions exhibiting oil paintings inspired by Ice Cube’s life narrative. Three limited editions of different rarity including digital portraits of the rapper-backed new original tunes. And one open edition available exclusively to holders of Jones’ prior NFT releases on Nifty Gateway.
Ice Cube stated that rather than cashing in, he wanted to accomplish something legitimate.
“Many attempted to push me into the NFT space when they initially burst over a year ago. However, I wanted to accomplish something respectable. And produce artwork that I would be as proud of in 20 years as I am now”, Ice Cube stated.
The auction will end on November 18th. And prices for limited and open editions range from $1,400 to $15,000, with no initial bid price for one-of-a-kind editions.