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 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 arrange and doc their collective achievements in a safe and cost-effective method. This aligns with their broader efforts to increase using blockchain expertise past gaming and into different areas of digital collaboration.
What’s Onchain Guilds?
Onchain Guilds permits teams—reminiscent of gaming groups, freelancers, and content material creators—to document and handle their contributions utilizing blockchain expertise. The platform gives instruments to doc work, handle shared belongings, and construct group reputations by way of verifiable knowledge 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 some other platform,” mentioned Gabby Dizon, founding father of YGG.
This method removes reliance on centralized platforms for validating contributions, providing a clear and decentralized strategy to repute administration. YGG additionally plans to increase Onchain Guilds into non-gaming sectors, together with AI knowledge labeling and freelance work, constructing on its latest efforts to discover broader purposes of blockchain.
Why is Base vital 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 some 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.
