YGG SEA and Solana Ventures have signed a partnership agreement that will enable both entities to join forces to bolster Southeast Asia’s play-to-earn gaming ecosystem by providing the necessary resources to the region’s game developers and broader gaming community.
YGG SEA, Solana Ventures Forge Alliances
The alliance aims to bolster the operations of YGG SEA in Southeast Asia by providing the necessary resources game developers in the region need to thrive.
Per a press release shared with crypto.news, the partnership is part of a $500,000 private investment round co-led by Solana Ventures for YGG SEA.
As part of the new alliance, the team has made it clear that Solana Ventures will work closely with YGG SEA’s country managers to develop training programs on how to build decentralized applications (dApps) on the Solana blockchain, and connect game development studios to engineering resources, to help launch new game titles in the Solana (SOL) ecosystem.
The team expects this initiative to expedite game development and blockchain product launches in the fledgling Southeast Asian play-to-earn gaming industry, which boasts over 225 million gaming and esports fans. Meanwhile, as the range of game titles available to the members of the play-to-earn ecosystem diversifies, YGG SEA’s scholars will be able to access a growing number of popular games powered by Solana.
Matt Beck, Head of Solana Ventures said:
“Southeast Asia is a major hub of innovation in blockchain games, and we are excited to partner with YGG SEA to build sustainable value in the Southeast Asian communities and developer ecosystem. Game companies should not only focus on monetization. Our plans are to build out learning and development resources to create real, long-term value in Southeast Asia, and ultimately help bring the best games and products to market.”
The solid relationship between YGG SEA and Yield Guild Games, as well as its team of veterans in the gaming industry, has placed the subDAO in a unique position to bring to life the most fun and engaging titles in Southeast Asia, while also helping local gamers benefit from the play-to-earn game model.
With its massive fan base, Southeast Asia is an integral part of the global video game industry, and Solana has hinted that its long-term plans include significant expansion in the region and the partnership with YGG SEA will help in the actualization of that goal.
Evan Spytma, CEO and Co-Founder of YGG SEA said:
“The demand for play-to-earn games is higher than ever, especially in Southeast Asia. YGG SEA’s core team and country managers have a deep understanding of the cultural nuances in this diverse region and have been building our community of scholars from the ground up since early 2022. The new partnership with Solana Ventures will give YGG SEA an incredible boost and help us offer the best resources to players and developers in Southeast Asia as we continue to serve the needs of the region’s gamer communities.”
YGG SEA is a decentralized autonomous organization that focuses on acquiring and managing non-fungible tokens (NFTs) used in the metaverse. YGG SEA says its primary objective is to create the biggest and most sustainable play-to-earn virtual economy in Southeast Asia. YGG SEA is a founding member of the Asia Blockchain Gaming Alliance.