Andreessen Horowitz led the round with participation from Kingsway Capital, Infinity Ventures Crypto, and Atelier Ventures. Gabe Leydon, former CEO of MZ, was also involved in the investment.
Based in the Philippines and co-founded by Beryl Li and Gabby Dizon, CEO of Altitude Games (plus another unnamed founder), Yield Guild allows gamers to earn money by embarking on blockchain games. using borrowed assets.
His most notable success was with the mobile game Axie Infinity, in which his scholarship program allowed 5,000 players earn part or all of their salary completing daily challenges and participating in PvP battles. Nearly $9 million has been raised to date.
This latest round of funding follows on from earlier investments, as Yield Guild has raised over $22 million in 2021. He has deployed this money and bought NFTs in new blockchain plays to expand his business.
He has also released his own YGG cryptocurrencywhich values the organization at more than a billion dollars.
Gabby Dizon recently spoke with Pocket Gamer Connects Digital, where she argued that “play-to-earn” will replace “free-to-play” as the dominant mode in mobile games.