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 gives quicker and extra cost-efficient transactions. The Philippines, a worldwide chief in web3 gaming adoption, would be the preliminary focus for this new initiative.
YGG goals to offer communities with instruments to arrange and doc their collective achievements in a safe and cost-effective means. This aligns with their broader efforts to broaden the usage of blockchain expertise past gaming and into different areas of digital collaboration.
Supply: YGGWhat’s Onchain Guilds?
Onchain Guilds permits teams—similar to gaming groups, freelancers, and content material creators—to report and handle their contributions utilizing blockchain expertise. The platform gives instruments to doc work, handle shared property, and construct group reputations by way of 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 method removes reliance on centralized platforms for validating contributions, providing a clear and decentralized strategy to popularity administration. YGG additionally plans to broaden 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 vital for this launch?
The platform will launch on Base, Coinbase’s Layer-2 community constructed utilizing the Optimism Stack. Base allows quicker and cheaper transactions while sustaining the safety and decentralization of Ethereum. That is significantly 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 probably the most lively areas in web3 gaming. YGG Pilipinas has over 1.2 million members, and analysis from ConsenSys exhibits 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 reinforce collaboration and entry new alternatives.
