Play-to-Earn Initiative Good Games Guild Finalizes $1.7M Round

Good Games Guild, the Play-to-Earn game hub, has completes its seed round, which was valued at $1.7 million, and includes investments from a list of well-known investors.

As mentioned in an update shared with CI, NGC has led the investment round along with contributions from OKEx Blockdream Ventures, Chromia, LD Capital, Basics Capital, Twin Apex Capital, Kyros Ventures, Titan Ventures, Mapleblock, Fomocraft Ventures, ExNetwork Capital, Master Ventures, AU21, Signal Ventures, OIG, Dutch Crypto Investor, Alves Ventures, Kieran from Illuvium, and Scorpio VC joining as well.

As noted in the announcement, Good Games Guild is a gaming hub for play-to-earn games based on NFTs and collectible tokens. By supporting users in play-to-earn games, a phenomenon that has gained considerable traction, and offering the chance to collect and trade digital assets, Good Games Guild’s aim is to become the biggest virtual economy hub.

GGG will support players who are required to put up an initial deposit of NFTs in order to enter a play-to-earn environment. Players who have assets within a game are able to rent them in exchange for a share of the renter’s profits, “essentially putting their game assets to work.” The announcement also mentioned that the associated GGG token will
“entitle holders to rewards, exclusive content and DAO governance rights.”

Aditia Kinarang, CEO of Good Games Guild, stated:

“Good Games Guild is not just an organization, it is a movement. Our vision is that everyone can and should make a living by playing games, and this vision bonds players, game developers, and content creators who have taken part in our movement. Thanks to all our investors, our goal of becoming the biggest metaverse economy, with millions of guild members in the future, is soon becoming a reality.”

Helen Liu, Director of OKEx Blockdream Ventures, remarked:

“As play-to-earn games spread, Good Games Guild has explored the game frontiers, finding new ways to let players have fun. This is a hub for players, creators and voters — and that is what constitutes a DAO. Looking forward to seeing growth in the future.”

As mentioned in the update, Good Games Guild is a Gaming Hub that aims to “create the largest virtual world economy by optimizing its owned assets to get maximum yield.”

GGG also suppots play-to-earn gamers and “invests in play-to-earn games along with their in-game assets.”