Yield Guild Video games (YGG) has introduced the launch of Onchain Guilds, a blockchain-based platform designed to assist communities handle and confirm their collective contributions.
The platform will function on Base, Coinbase’s Ethereum Layer-2 community, which offers sooner and extra cost-efficient transactions. The Philippines, a world chief in web3 gaming adoption, would be the preliminary focus for this new initiative.
YGG goals to supply communities with instruments to prepare and doc their collective achievements in a safe and cost-effective manner. This aligns with their broader efforts to increase the usage of blockchain know-how past gaming and into different areas of digital collaboration.
Supply: YGGWhat’s Onchain Guilds?
Onchain Guilds permits teams—comparable to gaming groups, freelancers, and content material creators—to document and handle their contributions utilizing blockchain know-how. The platform offers instruments to doc work, handle shared belongings, and construct group reputations by verifiable information saved on-chain.
“The reputation is on-chain for everyone to see. It’s inscribed in your wallet, so you own it—not a social network or any other platform,” stated Gabby Dizon, founding father of YGG.
This technique removes reliance on centralized platforms for validating contributions, providing a clear and decentralized strategy to fame administration. YGG additionally plans to increase Onchain Guilds into non-gaming sectors, together with AI information labeling and freelance work, constructing on its current efforts to discover broader purposes of blockchain.
Supply: YGGWhy is Base important for this launch?
The platform will launch on Base, Coinbase’s Layer-2 community constructed utilizing the Optimism Stack. Base permits sooner and cheaper transactions while sustaining the safety and decentralization of Ethereum. That is notably related within the Philippines, the place excessive transaction prices can restrict entry to blockchain instruments.
The Philippines is a key marketplace for web3 innovation, persistently rating as one of the lively areas in web3 gaming. YGG Pilipinas has over 1.2 million members, and analysis from ConsenSys reveals 96% of Filipinos are conscious of cryptocurrency.
This makes the nation well-suited for the introduction of Onchain Guilds, the place communities can leverage blockchain to boost collaboration and entry new alternatives.
