Podcast Summary
In this podcast, Gabby Dizon, the founder of YGG, a guild protocol in the gaming industry, discusses the evolution of YGG and the current state of the gaming industry in crypto. The conversation covers the integration of NFT assets and tokens in games, the role of guilds in the gaming community, and the future of work in the context of web 3.0 guilds.
Key Takeaways
The Evolution of YGG and the Gaming Industry
- YGG’s Origin: Gabby Dizon’s background as a game developer and his interest in smart contracts and NFTs led him to start YGG. The guild protocol aims to match players with different opportunities in the metaverse.
- Role of Guilds: Guilds are social settings where players come together to reach common goals. YGG has evolved to include quests and reputation-building through the Guild advancement program.
- Gaming Industry Trends: The gaming industry has seen a surge in popularity, with more fully built-out games coming to the market. Experimentation with tokenomics and the integration of NFT assets and tokens in games is a key focus.
The Guild of Guilds Platform
- Platform for Guilds: The Guild of guilds platform was built to serve guilds rather than directly operate them, allowing for faster scaling and revenue sharing between players, guild leaders, and the platform.
- Community Building: The core insight behind building a platform for guilds was the understanding that community needs to be bottom-up and self-managed for scalability. The Guild of guilds engages with games by helping bring organic community engagement, forming social groups, creating quests, and supporting growth.
YGG Protocols
- Transition to Guild Protocol: YG is transitioning from being a guild of guilds to a guild protocol, bringing communities together on-chain. They aim to connect players with different experiences in Web 3 and optimize for easy connection to those experiences.
- Soulbound Tokens: Soulbound tokens are non-transferable tokens used as reputation markers in YGG protocols, allowing users to showcase their participation and achievements. These tokens enable users to own their data and participate in the value capture of commerce.
- Gamified Staking System: YGG protocols are launching a gamified staking system that combines capital and labor to achieve optimal effects, allowing users with different resources to participate.
Sentiment Analysis
- Bullish: The podcast presents a bullish sentiment towards the future of the gaming industry in crypto, with the integration of NFT assets and tokens in games being a key focus. The guest, Gabby Dizon, expresses optimism about the potential of guild protocols like YGG in connecting players with different experiences in Web 3.
- Neutral: While the podcast is generally bullish, it also maintains a neutral stance by acknowledging the challenges in the industry. For instance, the biggest potential threat to YGG protocols is if someone can build network effects around groups faster than they can.
