ForN announced that YGG Japan, a blockchain game platform and business partner of ForN, has completed a fundraising round of worth approximately 2.95 million U.S. dollars from a total of 18 different companies and investors. With this round of funding, YGG Japan reaches a cumulative total of approximately 5.75 million U.S. dollars. YGG Japan’s Co-Founder, YGG (Yield Guild Games), is the world’s largest DAO-type gaming guild that provides NFT (Non Fungible Token) for blockchain games, with over 80 game and infrastructure partners, and 8 regions across its subDAO network.
What is YGG Japan?
It is a blockchain game platform that aims to be the leader of the game industry in Japan. The platform lead game users beyond “Play to Earn” to the world of “Play and Earn” and operates the blockchain game platform “GabeeTown”. YGG Japan also builds relationships with other diferent partners in order to support Japanese game companies to launch their blockchain games. Surely, YGG Japan and the YGG Group will do its best to support the global rising of Japanese content, especially with its world-class gaming culture.
Fundraising
YGG Japan’s man goal is to create an environment for users in the Japanese NFT and blockchain game market. There are several barriers for Japanese users such as scam-like information and a very high learning cost. YGG Japan will solve these problems by promoting the development of tools and the construction of an environment for mass adoption, such as “GabeeTown”, whose alpha version has been already released, so that many users can safely play web3 games and become “professional gamers”. The funds will be spent on following purposes:
Recruitment
The company will hire skilled employees to expand blockchain games in Japan, focusing mainly on product marketers, ad operators and AEs, engineers, product managers, token economists, BizDev and PR, and further focus on building an organization that can create products and communities.
Product Development, Marketing and Promotion
In order to bring as many game users into the market as possible, YGG Japan will continue to develop the Japanese blockchain game market by using its service “GabeeTown” and other products that will be released in the future. The platform will also concentrate on developing products that deliver solutions to the entry barriers for blockchain games and increase awareness.
Source
https://medium.com/
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