Yield Guild Games (YGG) announced the launch of Onchain Guilds, a blockchain-based platform designed to help communities manage and validate their collective contributions.
The platform will run on Base, Coinbase’s Ethereum Layer-2 network, which provides faster, more cost-effective transactions. The Philippines is a global leader in web3 gaming adoption and will be the initial focus of this new initiative.
YGG aims to provide communities with tools to organize and document their collective achievements in a safe and cost-effective way. This is consistent with their broader efforts to expand the use of blockchain technology beyond gaming and into other areas of digital collaboration.
Source:YGGWhat is an on-chain guild?
Onchain Guilds lets groups such as game teams, freelancers, and content creators record and manage their contributions using blockchain technology. The platform provides tools to record work, manage shared assets, and build group reputation through verifiable data stored on-chain.
“Reputation is on the chain and everyone can see it. It’s engraved in your wallet, so you own it – not the social network or any other platform,” said YGG founder Gabby Dizon.
The system eliminates reliance on centralized platforms that validate contributions, providing a transparent and decentralized approach to reputation management. YGG also plans to expand Onchain Guilds into non-gaming areas, including artificial intelligence data labeling and freelancing, based on exploring broader applications of blockchain.
Source:YGGWhy is Base important for this release?
The platform will launch on Coinbase’s Layer 2 network Base built using Optimism Stack. Base enables faster and cheaper transactions while maintaining the security and decentralization of Ethereum. This is particularly important in the Philippines, where high transaction costs may limit the use of blockchain tools.
The Philippines is an important market for web3 innovation and has been rated as one of the most active regions for web3 games. YGG Pilipinas has more than 1.2 million members, and ConsenSys research shows that 96% of Filipinos are aware of cryptocurrencies.
This makes the country ideally suited for the introduction of on-chain guilds, where communities can leverage blockchain to enhance collaboration and gain new opportunities.
