Andreessen Horowitz has invested in Yield Guild Games, which is famed for its Axie Infinity “mentoring” program for beginners, demonstrating its faith in the future of crypto gaming.
Yield Guild Games is a fast-growing Filipino firm that believes the play-to-earn concept has a lot of potentials. Axie Infinity is the most significant endeavor among its representatives to date. It allows users to breed and purchase amusing animals and accomplish objectives and sell virtual monsters for crypto.
Yield Guild Games promotes a style of “mentoring” (“Axie scholarship”) in which inexperienced players’ revenues are split between them and those who purchased monsters for the game. Given the high cost of one monster today, at least $300, many people are intrigued by such a great offer. Remember that you’ll need at least three entry-level monsters to “start.”
The concept of “mentoring” is being extensively promoted in developing nations today, lead by the Philippines, and many people are eager to find a “mentor.” To find out more, search for “Axie scholarship” on Twitter. Hundreds of thousands of Filipinos have already benefited from the game, earning more in a month than they had previously lost because of the COVID-19 outbreak.
By spearheading Yield Guild Games’ $4.6 million fundraising round, Andreessen Horowitz saw play-to-earn potential as well. The round was attended by Atelier Ventures, Kingsway Capital, MZ Gabrielle Leydon, co-founder of the mobile app development business MZ, the Infinity Ventures Crypto team, and the venture fund. BITKRAFT Ventures, which focuses on esports, led the last round of investment hosted by Yield Guild Games in June.
Meanwhile, more than 4,700 players have earned more than $8.6 million through the Yield Guild Games training program, and Axie Infinity’s AXS tokens continue to dominate, attracting an increasing number of individuals to the virtual world.