YGG SEA, Solana Ventures Raises $500K To Disrupt SEA Blockchain Gaming
2022.04.29 08:11
YGG SEA, Solana Ventures Raises $500K To Disrupt SEA Blockchain Gaming
- YGG SEA and Solana Ventures will provide resources and training to blockchain game devs in the region.
- Southeast Asia is one of the largest blockchain gaming hubs in the world.
- The deal will put YGG in a position to further serve the region’s gaming community.
YGG SEA, Yield Guild Games’ subDAO in Southeast Asia, has inked a $500-thousand deal with investment capital Solana Ventures to boost YGG SEA’s operations in the region.
According to details shared with CoinQuora, the strategic agreement will provide ample resources to YGG SEA’s game developers and expand the region’s gaming community. Aside from the whopping funding involved in the deal, Solana Ventures will work closely with YGG SEA’s country managers.
The partnership involves both parties developing training programs on building projects within the Solana blockchain and linking game development studios with engineering resources to help introduce new gaming titles within the mentioned ecosystem.
The deal is said to accelerate game development and product launches in Southeast Asia, a region with a huge gaming community.
Matt Beck, head of Solana Ventures, cited this fact and pointed out that gaming companies should prioritize catering their services to the region’s ever-growing community. Beck said that their “exciting” partnership with YGG SEA will bring about a “sustainable value in the Southeast Asian communities and developer ecosystem.”
The Solana Ventures head added:
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.
It is important to note that Solana provides YGG SEA’s scholars and other members of the P2E community with a wide range of gaming titles. The deal will further give these players access to a growing number of popular games built on Solana.
It can be remembered that gamers from Southeast Asia greatly benefit from these platforms as the P2E model provides them extra income. According to YGG SEA, the deal puts them in a position to further extend their services to the community.
Evan Spytma, CEO and Co-Founder of YGG SEA said that the “demand for play-to-earn games is higher than ever, especially in Southeast Asia’s countries.” He added that the collaboration with Solana Venture will give them “an incredible boost and help [them] offer the best resources to players and developers in Southeast Asia” as they continue to serve the gaming community.
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