The FTX platform has signed an agreement with Yield Guild Games (YGG) to sponsor 137 players from developing countries on the blockchain play-to-earn game Axie Infinity (AXS).
Yield Guild Games and Axie Infinity, time is money
After basketball, e-sports and baseball, it’s the turn of the play-to-earn games ecosystem to have the crypto-currency exchange platform FTX as a partner.
The principle of these games is to be able to earn crypto-assets throughout its games. Axie Infinity is one of the most important flagships in this category. This Ethereum-based game mixing fighting and breeding games allows many users from developing countries to be able to earn enough money to pay their bills.
As of July 2021, 60% of Axie Infinity players were from the Philippines.
The game features an innovative Scholarship system whereby players can lend their accounts to other people to play the game for them and earn money. One part goes to the account manager, the other to the players. A win/win deal.
And that’s where Yield Guild Games (YGG) comes in, a decentralized start-up offering to be a platform dedicated to play-to-earn games by setting up a simple and secure way of putting players and play-to-earn game account owners in touch with each other, while also lending its non-fungible tokens (NFTs) on its side. A part of the revenue goes directly to the decentralized autonomous organization (DAO), which made its IDO a few weeks ago.
Scholarships for 137 players from developing countries
The partnership between YGG and FTX grants FTX lifetime sponsorship rights to 137 players from developing countries through the Sponsor A Scholar program. Scholar is the term for players who play for the account owner, the manager.
- 81 players from the Philippines;
- 25 players from Indonesia;
- 10 players from India;
- 15 players from Latin America;
- 6 players from Brazil.
The amount of this partnership is still unknown, but part of the funds will be used to cover the costs of reproducing Axies, the playable characters of the game. These being and generating NFTs needed to play.
“As fans of gaming and affirmative action, we are thrilled to partner with Yield Guild Games, who has created a unique way to bring crypto-currency to new audiences”
Sam Bankman-Fried, founder and CEO of FTX
YGG said they will lend the NFTs needed to play to new players who can’t afford to buy their own in exchange for a revenue sharing agreement.
