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 world chief in web3 gaming adoption, would be the preliminary focus for this new initiative.
YGG goals to offer communities with instruments to prepare and doc their collective achievements in a safe and cost-effective means. This aligns with their broader efforts to develop 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 gives instruments to doc work, handle shared property, and construct group reputations by means of verifiable information saved on-chain.
“The repute is on-chain for everybody to see. It’s inscribed in your pockets, so that you personal it—not a social community or every other platform,” mentioned Gabby Dizon, founding father of YGG.
This technique removes reliance on centralized platforms for validating contributions, providing a clear and decentralized method to repute administration. YGG additionally plans to develop Onchain Guilds into non-gaming sectors, together with AI information labeling and freelance work, constructing on its current efforts to discover broader functions 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 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, constantly rating as one of the energetic 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.
