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Home Crypto News & Analysis Adoption & Use Cases

YGG Reveals Onchain Guilds: The Future of Web3 Gaming is Here

by Abena Sarfo
November 24, 2024
in Adoption & Use Cases
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YGG Reveals Onchain Guilds: The Future of Web3 Gaming is Here
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Yield Guild Games (YGG) just dropped a major update that could change how we think about online gaming communities. The team has officially released its Guild Protocol concept paper, and it’s packed with new features designed to bring guilds into the web3 world.

If you’re familiar with the traditional gaming scene, you know that guilds have always been a big deal. Whether it’s World of Warcraft or EVE Online, guilds have been the backbone of many games, bringing players together for epic quests and social experiences. But as games evolve, especially with the rise of web3, the way guilds work needs an upgrade. This is what YGG offers with this new protocol.

Enter YGG Onchain Guilds

One of the most exciting parts of this announcement is Onchain Guilds. With this, players and communities can now create guilds that live on the blockchain. What does that mean? Essentially, everything a guild does, from who is in it to what assets they control, can be verified and tracked using blockchain technology. It’s a game changer for transparency and organization.

Here’s the cool part—YGG’s Onchain Guilds aren’t just for gamers. They are for any community that wants to organize, scale and even monetize their activities in web3. Whether you’re managing an eSports team, a group of crypto fans, or just your regular gaming team, Onchain Guilds makes it easier to coordinate and grow.

Soulbound Tokens: Reputation with real weight

Reputation is a big deal in the blockchain world, and YGG knows it. This is why they are introducing Soulbound Tokens (SBTs) as part of the protocol. These signs are a way to prove what you have achieved. Think of them as badges that show your skills and contributions to a community—but with a twist: they can’t be traded or transferred, meaning your reputation is yours and yours alone.

For guilds, these SBTs will play a major role in verifying the skills and achievements of their members. Whether you’re a top player or a master strategist, you can prove it on the chain, and it can lead to some exciting potential.

Why should players care?

You might be thinking, “Okay, but what does this mean for me as a player?” Well, a lot. First, guilds can now manage their own onchain assets. Whether it’s in-game rewards, tokens, or other digital treasures, guild members can more easily share in the loot. Everything is transparent, and everyone gets their fair share.

But that’s not all. YGG sets things up so that games can target entire guilds instead of individual players. Imagine a new shooting game looking for guilds with experience in FPS games. They can use the YGG protocol to find guilds that meet certain criteria, such as a specific number of members or certain achievements, and recruit them directly. It’s like bounty hunting, but for gambling guilds!

Open source power for communities

Another important feature of the Guild protocol is that it is open source. Anyone can use it, adapt it and build on it. This is a huge win for developers as they can create new tools and features to better support guilds.

Because it is modular, people can create guilds that perfectly fit their community’s needs. Want to add a custom reward system? Done. Need to manage a treasury of digital assets? No problem. The flexibility is there, and it’s all recorded on the blockchain for full transparency.

What YGG Says

According to YGG co-founder Gabby Dizon, this is a massive step forward for web3 gaming. “We worked with hundreds of guilds, but they didn’t have the tools to scale,” Dizon said. Now, with the Guild Protocol, they give guilds everything they need to grow and succeed in the web3 world.

And it’s not just for games. Communities built around shared interests – be it gaming, crypto, or even geographic location – can use this protocol to build stronger connections and organize themselves more effectively.

The bigger picture

This move from YGG isn’t just about improving game guilds. It’s about creating a global standard for how groups organize and operate in the web3 space. The open source nature of the protocol means it is adaptable to a wide range of uses, and as more builders and communities get involved, the possibilities are endless.

YGG is positioning itself as a leader in the blockchain gaming space, and with this Guild protocol they are setting the pace. Whether you’re a gamer, a community leader, or just someone interested in the future of web3 communities, the Guild Protocol is something to keep an eye on.

What’s next?

YGG’s Guild Protocol is more than just an exciting idea on paper. It will start rolling out soon, and with the open source framework, anyone can jump in and start building.

For players, this could mean more organized and rewarding guild experiences. For builders, it’s a chance to tap into a new wave of community-driven content. And for the web3 space as a whole, it’s one step closer to a fully decentralized future where communities can organize and thrive like never before.

Disclaimer for Uncirculars, with a Touch of Personality:

While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.

No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.

And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.

Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!

UnCirculars – Cutting through the noise, delivering unbiased crypto news

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Abena Sarfo

Abena Sarfo

A champion for economic empowerment, Abena showcases how blockchain can bridge the financial gap in developing economies. Her insightful articles highlight real-world projects and initiatives bringing financial services to unbanked communities.

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