Tag Archives: Yield Guild Games

Sembrani Kiqani and Bukalapak Invest in the Philippines’ Play-to-Earn Gaming Startup

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Sembrani Kiqani, a managed fund by BRI Ventures (BVI), and the unicorn startup Bukalapak were participated in the Yield Guild Games Southeast Asia (YGG SEA) $15 million investment through two financing rounds.

YGG SEA will use the fresh money to encourage the play-to-earn based games adoption in the Southeast Asia region. On the general note, YGG SEA is a decentralized autonomous organization (DAO) under the Yield Guild Games (YGG), a blockchain-based game developer startup from the Philippines.

Sembrani Kiqani is BVI’s latest investment vehicle targeting the direct-to-consumer (D2C) sector and blockchain and its derivatives, including cryptocurrencies. BVI is currently driving its investment to strengthen Indonesia’s crypto ecosystem.

In addition, YGG SEA also raised funding from several investors including Crypto.com Capital, Animoca Brands, MindWorks Ventures, Poloniex, Jump Capital, and Overseas Bank Venture Management. Last August, YGG SEA had received early stage funding led by YGG and Infinity Ventures Crypto.

YGG SEA is led by Evan Spytma as Co-Founder & CEO. YGG’s other co-founders are Dan Wang (previously leading Riot Games operations in China) and Irene Umar (Managing Partner of Discovery Nusantara Capital, an Indonesia-based VC gaming startup).

Expansion plan

With the participation of Bukalapak and Sembrani Kiqani, YGG SEA will set Indonesia as one of its main targets for the expansion in Southeast Asia, followed by Vietnam, Singapore and Thailand. After these four countries, then YGG SEA will further expansion throughout the Southeast Asia region.

The latest investment will help the company take the targeted offerings to the regional gaming community. The company will support the development of play-to-earn games in each country to accumulate game assets that will be useful to build a player base in the local market.

“SubDAOs, such as YGG SEA will be at the core of YGG’s worldwide expansion strategy given its power of local wisdom and networks,” YGG’s Co-founder, Gabby Dizon said.

Furthermore, DAO utilizes an open source protocol on a blockchain based on smart contracts. Its primary purpose is to provide an automated way of executing governance decisions. The DAO on YGG is based on smart contracts built on Ethereum.

Play-to-earn concept

Play-to-Earn (P2E) is one of the NFT concept derivatives in gaming that is getting more popular. Blockchain technology allows players to buy and sell digital assets in the form of games. In Indonesia alone, there are several developers have penetrate this segment, Soulcops is one of them.

Currently, there are 3,000 digital cards by collectors available in Soulcops before the official mobile game release next year. Collectors can play later with the NFT collections with each rarety to achieve objectives while playing, and upgradable along with other weapons and utilities to create stronger characters. Also, it can produce token that can be exchanged for real money as an implementation of P2E.

In addition, there are several other game products that leads to NFT-based concepts, including Arkipelago, Reality Chain, and Meta Forest Society.

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Original article is in Indonesian, translated by Kristin Siagian

YGG SEA Bukalapak BVI

Sembrani Kiqani dan Bukalapak Berinvestasi di Startup Game “Play-to-Earn” Filipina

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Sembrani Kiqani, dana kelolaan milik BRI Ventures (BVI), dan startup unicorn Bukalapak terlibat dalam investasi di Yield Guild Games Southeast Asia (YGG SEA) yang berhasil mengumpulkan $15 juta lewat dua putaran pembiayaan (financing round).

Pendanaan tersebut akan digunakan YGG SEA untuk mendorong adopsi game berbasis play-to-earn di kawasan Asia Tenggara. Sebagai informasi, YGG SEA merupakan organisasi otonom terdesentralisasi (DAO) di bawah naungan Yield Guild Games (YGG), startup pengembang game berbasis blockchain asal Filipina.

Sembrani Kiqani merupakan kendaraan investasi terbaru BVI yang menyasar sektor direct-to-consumer (D2C) serta blockchain dan turunannya, termasuk cryptocurrency. BVI memang tengah mendorong investasinya untuk memperkuat ekosistem kripto di Indonesia.

Selain Bukalapak dan BVI, YGG SEA juga mengamankan pendanaan ini dari sejumlah investor antara lain Crypto.com Capital, Animoca Brands, MindWorks Ventures, Poloniex, Jump Capital, dan Overseas Bank Venture Management. Sebelumnya pada Agustus lalu, YGG SEA telah menerima pendanaan tahap awal yang dipimpin YGG dan Infinity Ventures Crypto.

YGG SEA dipimpin Co-Founder & CEO Evan Spytma. Co-Founder YGG lainnya adalah Dan Wang (sebelumnya mengepalai operasi Riot Games di Tiongkok) dan Irene Umar (juga menjadi Managing Partner Discovery Nusantara Capital, VC startup gaming berbasis di Indonesia).

Rencana ekspansi

Dengan keterlibatan Bukalapak dan Sembrani Kiqani, YGG SEA akan membidik Indonesia sebagai salah satu target utama ekspansinya di Asia Tenggara, diikuti dengan Vietnam, Singapura, dan Thailand. Usai ekspansi ke empat negara ini, barulah YGG SEA akan melancarkan ekspansinya ke seluruh kawasan Asia Tenggara

Investasi terbaru ini akan membantu perusahaan untuk membawa targeted offering ke komunitas gaming di regional. Perusahaan akan mendukung pengembangan game berbasis play-to-earn di setiap negara sehingga dapat mengumpulkan aset game yang dapat digunakan untuk membangun basis pemain di pasar lokal.

“SubDAO seperti YGG SEA akan menjadi inti dari strategi ekspansi YGG di seluruh dunia mengingat mereka memiliki kekuatan pada pengetahuan dan jaringan lokal,” ujar Co-founder YGG Gabby Dizon.

Lebih lanjut mengenai YGG SEA, DAO memanfaatkan protokol open source pada blockchain dengan berbasis smart contract. Tujuan utamanya adalah menyediakan cara otomatis dalam melaksanakan keputusan tata kelola. DAO pada YGG berbasiskan smart contract yang dibangun di atas Ethereum.

Konsep Play-to-Earn

Play-to-Earn (P2E) adalah salah satu turunan dari konsep NFT pada game yang akhir-akhir ini terus naik daun. Teknologi blockchain memungkinkan pemain melakukan jual-beli dan memperdagangkan aset digital dalam bentuk game. Di Indonesia sendiri sudah ada beberapa pengembang yang masuk ke sana, salah satunya Soulcops.

Saat ini, terdapat 3 ribu kartu digital dalam Soulcops yang sudah dapat dibeli oleh kolektor sebelum mobile game resmi dirilis pada tahun depan. Kolektor nantinya dapat memainkan koleksi NFT mereka karena masing-masing memiliki rarety yang dapat digunakan untuk mencapai tujuan saat bermain game, serta dapat di-upgrade dengan senjata dan utilitas lain dalam membuat karakter yang lebih kuat. Hal lainnya adalah mendapat token yang dapat ditukar dengan uang nyata sebagai implementasi dari P2E.

Selain itu, terdapat beberapa produk game lain yang juga mengarah ke konsep berbasis NFT, di antaranya Arkipelago, Reality Chain, dan Meta Forest Society.