In Brief:
Strategic Partnership: YGG Play collaborates with Proof of Play to expand the audience for Pirate Nation, utilizing YGG Play’s publishing platform.
Launchpad Debut: The partnership fortifies YGG Play’s operational capabilities as they introduce Pirate Nation through their Launchpad on October 15.
Token Sale Introduction: YGG Play announces a token sale for LOL Land, aiming to foster a utility-driven gaming experience with a significant focus on enhancing in-game benefits.
Strategic Expansion in Web3 Gaming
YGG Play has announced a partnership with Proof of Play (PoP), marking a significant step in expanding its Web3 gaming network. This collaboration integrates the PoP Arcade into the YGG Play platform, enhancing its game offerings as it prepares for the Launchpad debut on October 15.
A Fresh Start for Pirate Nation
Pirate Nation has been facing operational difficulties leading to a discontinuation of its onchain version in September due to high maintenance costs of up to $150,000 per month. The game, which once saw over 100,000 daily active users drop to just 10,000, is now hosted on the Abstract-based PoP Arcade. Adam Fern, co-founder of Proof of Play, expressed optimism about the relocation, saying, “We are extremely happy about how the Proof of Play Arcade on Abstract is performing so far and are looking to bring it to a wider audience, which we know YGG will be able to deliver.” Gabby Dizon, co-founder of YGG, noted the benefits of full-stack publishing support that the platform provides, including strategic marketing and a revenue-sharing model based on smart contracts.
Economic Adjustments and Community Reactions
The transition of Pirate Nation included a $50 reimbursement to some NFT holders, eliciting mixed responses from the community. Web3 gaming content creator Apix remarked, “Pirates were hyped up for years as THE premier asset of the game and studio, and a $50 reimbursement is a little bit of a joke. That’s what happens when you invest into highly speculative and risky assets.”
Launching LOL Land Through YGG Play’s Launchpad
Additionally, YGG Play is gearing up to introduce LOL Land, employing the $LOL token to facilitate a VIP system that promises enhanced in-game progression and rewards. This initiative links tokens directly to gameplay advantages, offering a more utility-focused approach. An initial sale is set to release 10% of the total 5 billion $LOL tokens with a fundraising target of $90,000 in $YGG tokens. Trading of the $LOL token is expected to start on November 1, exclusively on decentralized exchanges.
Distributing Incentives and Future Game Development
The token distribution strategy for LOL Land is carefully crafted to include developers, players, and liquidity provisions, aiming to enrich the game’s ecosystem and engagement. YGG Play has learned from previous web3 gaming experiences to avoid similar challenges and ensure sustainable game development. Dizon illustrated the careful planning behind LOL Land’s launch, which has already generated $4.5 million in revenue.
YGG Play continues to refine its Casual Degen strategy with the objective of redefining player expectations and establishing enduring business models in the web3 gaming realm.
