Ready your (crypto) wallets! Yield Guild Games Southeast Asia (YGG SEA), a subDAO of the Philippines' Yield Guild Games, is ready to launch its SEA governance token in early 2022.

• Governance tokens are core to any DAO or subDAO, allowing token holders to shape future decisions and access guild activities and benefits.
• Token owners will submit and vote on proposals evaluated by the community.

🙌🏼  Divvying it up

If you want to get your hands on it, they'll be having a live token launch on Copper in a limited-time auction. Only 7.5% will be sold in the open market, so we suggest you move as fast as your keyboard can get you.

• The biggest chunk of its tokens (25%!) is for its community.
• The remaining will be for its team and advisors, investors, liquidity rewards and DAO treasury.

🌱  Where it started

Early believers. The Philippines' Yield Guild Games raised a $1.3M seed in March 2021. At the time, it had a community of 2,500 gamers playing play-to-earn (P2E) games.

Now, who backed YGG before a16z came along?

• Delphi Digital, BlockTower, Scalar Capital, Sébastien Borget (The Sandbox), Jeffrey "Jiho" Zirlin (Axie Infinity), Aleksander Larsen (Axie Infinity) and more.

Making waves! In August, it had a $4.6M round led by Silicon Valley's Andreessen Horowitz (a16z). It's a16z's first Philippine bet and its first crypto investment in SEA.

• There's a major upfront cost to buy in-game assets (NFTs) to play P2E games. So, YGG made it accessible for anyone with "scholarships".
  
• It had 4,700 scholars who borrowed the company's in-game assets for a share of the income— and earned $8.6M in total.
  
• Its community grew to 48,000 gamers globally.

👾  In the now

YGG SEA recently launched and raised $15M, and as a part of its goal to build local-first gaming communities, it appointed country managers across SEA.

• It has 10,000 scholars earning from P2E games.
• It has expanded by acquiring assets from over 20 games.