Decentralized gaming meets Ubisoft expertise
YGG (Yield Guild Games), a blockchain-focused decentralized gaming group, recently announced collaboration with Ubisoft, the world’s leading game developer. This partnership, centered around Champions Tactics, Ubisoft’s Web3 competitive PvP turn-based RPG, marks a significant merger of the gaming and blockchain worlds.
Since this announcement, YGG’s cryptocurrency value has surged 8% and is currently trading at $0.4084. This collaboration not only increased the value of the coin, but also led to an 11% surge in trading volume, reaching $40 million. YGG is accessible on major cryptocurrency platforms including Binance, OKX, Kraken, and Kucoin, but not on Coinbase, the largest cryptocurrency exchange in the United States.
Notably, despite this recent rise, YGG’s current trading value is still quite low, at 96% below its all-time high of $11.50.
Engaging the public with blockchain games
In essence, this partnership represents a fusion of traditional gaming expertise and the innovative realm of blockchain gaming. Yield Guild Games promises to add quality and depth to this venture, building on Ubisoft’s reputation for game development and its experience investing in blockchain-based games and supporting player communities.
This alliance highlights the potential of blockchain technology to transform the gaming industry and provides a glimpse into a future where gaming and decentralized finance converge.
A promising but cautious future
Despite the positive market reaction, the road ahead remains challenging for YGG, considering the significant decline from all-time highs. While this partnership is promising, it raises questions about the sustainability and long-term impact of such collaboration in the blockchain gaming sector.