Yield Guild Games Token (YGG)

Being a founder of a crypto project isn’t easy, especially in today's market. Here’s YGG Founder Gabby Dizon on the challenges of creating a sustainable crypto game. Gabby: "At the root of it all, finding a product that people want and they are willing to pay for in your niche." "It's hard to do that in crypto because when token prices go up, people don't care as much." Chinsanity: "Do you think crypto games have found the product market fit (PMF)?" Gabby: "I do think the original scaling of Axie Infinity was definitely an instance of PMF. But as we could see it didn't sustain long term, because it was still tied to the price of the token." "I still do believe that crypto gaming still has to evolve and find newer version of PMF. One that doesn't necessary evolve like token price going up, but we'll get there." @gabusch @YieldGuild

Being a founder of a crypto project isn’t easy, especially in today's market. Here’s YGG Founder Gabby Dizon on the challenges of creating a sustainable crypto game. Gabby: "At the root of it all, finding a product that people want and they are willing to pay for in your niche." "It's hard to do that in crypto because when token prices go up, people don't care as much." Chinsanity: "Do you think crypto games have found the product market fit (PMF)?" Gabby: "I do think the original scaling of Axie Infinity was definitely an instance of PMF. But as we could see it didn't sustain long term, because it was still tied to the price of the token." "I still do believe that crypto gaming still has to evolve and find newer version of PMF. One that doesn't necessary evolve like token price going up, but we'll get there." @gabusch @YieldGuild

🚨 LATEST: Yield Guild Games shuts down YGG Play and lays off 35 staff, citing a prolonged crypto downturn and a “similarly brutal” video game publishing market. https://t.co/6qe3pnd37h

🚨 LATEST: Yield Guild Games shuts down YGG Play and lays off 35 staff, citing a prolonged crypto downturn and a “similarly brutal” video game publishing market. https://t.co/6qe3pnd37h

Sad news today - we are sunsetting our Web3 game publishing unit @YGG_Play, and 35 jobs will be affected as a result. We're committed to paying 8 additional weeks for our team to manage the transition and will help them find new roles. YGG Play games - @LOLLandGame @waifusweeper and the @YGG_Play platform will be available until July 31st, then will go offline. @GIGACHADBAT will return to @delabsOfficial and @RagnarokBreaker will continue on with @planetariumhq. Going forward, YGG will continue on with a small team and will go back to our roots with working with our game community to play games and train data to sell to AI Labs. A heartfelt thank you to our YGG Play team, community, partners and everyone that has made our journey together memorable. We'll continue on with our play-to-earn roots, but in a different form going forward. More details and full interview with Jon Jordan below.

Today, we are sharing some difficult news with our community: after much consideration, we have made the decision to sunset @YGG_Play, YGG’s publishing arm. Our team set out to prove the Casual Degen gaming thesis, and they absolutely delivered. However, the realities of the broader macroeconomic climate mean that this unit is no longer commercially sustainable. This is a market decision, not a product decision. As part of this sunset, we are parting ways with some incredible talent. This team built the YGG Play Launchpad, collaborated with major IPs, and shipped exceptional products under immense pressure. We are incredibly proud of the value they created for the ecosystem. Our mission of providing opportunities through technology hasn't changed. Full details on the decision, how to get in touch with our incredible team and what’s coming next for YGG, in the article below.👇 🔗: https://t.co/PvJeQi5YKF