Yield Guild Games Southeast Asia (YGG SEA) is calling out to Malaysian consumers to kickstart their journey via the P2E blockchain-based game Axie Infinity. Users can play the game for free by signing up for a game account through YGG SEA and will be entitled to 70% of the earnings in-game and 30% will go to YGG SEA as the owner of the non-fungible token (NFT) used in gameplay.
The Gameplay and Earnings
To date in Malaysia, YGG SEA scholars have access to play the most popular P2E blockchain game, Axie Infinity. While Axie Infinity accounts are free to create, the game comes with a one player one account policy to avoid exploitation. Before creating a game account, users will need to first have a Ronin wallet, which is a cryptocurrency wallet necessary before users can create an Axie Infinity game account.
Once the game is also installed and gamers have access to NFT – either owned or loaned – they can then officially start their P2E gameplay. Axie Infinity is premised on winning battles or completing challenges, among other activities, which consequently rewards through smooth love potions (SLP) – a cryptocurrency in Axie Infinity. SLP earnings can then be cashed out for local currency.
Alternatively, gamers can also choose to use SLP to breed more Axies – the digital pets or virtual avatars of the game – which can then be sold on the Axie Infinity open market. In order to do so, users need to connect to their Ronin wallet to put up the Axie for sale. As the game requires a minimum of three Axies for the player to start playing, demand for Axies is a constant.
An Overview of P2E Gaming in Malaysia
Earlier this month, YGG announced that it had successfully raised USD$15 million to support the adoption of P2E gaming in Southeast Asia.
“We are excited to amplify play-to-earn blockchain-based gaming within the local market as Malaysia certainly is an untapped potential for growth in this segment. Our successful experience in building the P2E economy in the Philippines is a prime example of the impact of virtual economy where some users were able to make more from blockchain-based games, compared to wages from their jobs. Moving forward, we are hopeful that this success can be replicated for local users. Ultimately, these efforts will also propel the local market’s digital maturity as we promote understanding and adoption of new technologies from blockchain to participation in the metaverse and NFTs.”
Evon Chay – Country Manager of YGG SEA in Malaysia
To date, YGG SEA’s Discord has more than 38,000 members while the guild has over 7,000 scholars worldwide. Feedback has also been encouraging on the local front with 300 scholars from Malaysia and Singapore, garnered in less than two months since YGG SEA’s establishment locally. By 2022, it targets to house over 100,000 scholars from the Malaysia and Singapore market.
For those who are interested, you can visit YGG SEA discord channel HERE.