Imperial project

Yield Guild Games has successfully reached the one year milestone, and the Play to Earn (P2E) gaming guild is already looking ahead to how it can make its next year even better. To mark the occasion, the company shared a blog post in which the team discussed their future plans.

In the release, Yield Guild Games (YGG) highlighted its journey from being a small community based around Axie Infinity, to becoming settlers in the metaverse.

YGG took the opportunity to further reiterate its dedication to Play to Earn games, and bettering the player experience, even despite the bear market. For this, the guild will focus on new products and services, alongside fostering the community.

“Now more than ever, we see an opportunity to bring on world-class builders to help us write the destiny of the play-to-earn ecosystem.” says Colin Goltra, the Global COO at YGG. “Historically, the best projects have been those that could survive the harsh crypto winter and build enduring protocols and communities through discipline and without the distractions of public hype,” he added.

What Are YGG’s Future Plans?

In it’s official blog post, Yield Guild Games highlighted some key points that they would be looking to emphasize

Yield Guild intends to dedicate the next 12 months to exploration and building. The company will support anyone who has “put their heads down to focus on building” in the bear market.
The company is taking a “right people in the right seats” approach to hiring new leaders. The onboarding of Colin Goltra, Jen Yu, and “KnightAV” are just some examples of this.
After the success of season 1 of the Guild Advancement Program (GAP), YGG is making plans for a second season. GAP season 2 will feature more quests and community activities.
The YGG Reward Vault will be receiving some updates.
YGG Esports plans to host more esports tournaments. To develop the blockchain esports scene, Yield Guild Games will be creating educational content.
The company will also explore opportunities for subDAOs, micro-guilds, and managers in the evolving P2E industry.
For the full details, you can check out the official blog post by YGG

China’s supreme court said it would conduct research into cryptocurrency to protect the legal rights of investors.
Also, the Chinese government announced the ninth batch of 348 domestic blockchain firms, which mainly included NFT digital collections.
Taiwan FSC wrote to the Association of Banks last week, reminding them not to engage in cryptocurrency.
The Supreme People’s Court of China has ruled that it will “actively research new cases such as asset-backed securities, cryptocurrencies, and cross-border financial product transactions.”

This statement came via the deputy chief judge of the supreme court, Zhou Lunjun, on July 25 at a press conference with the theme, “Opinions of the Supreme People’s Court on Providing Judicial Services and Guarantee for Accelerating the Construction of a National Unified Market.”

Justice Lunjun added that the essence of the research is to “protect the legal rights of investors, and provide high-quality judicial guarantee for the healthy development of the national unified capital market.”

Meanwhile, the Chinese government announced the ninth batch of 348 domestic blockchain information service names and record numbers, most of which are NFT digital collections — among which are two from NetEase (NASDAQ:NTES), China’s second largest game company.

By and large, the current legal status of cryptocurrency in China is vague and complicated. While some reports show wholesome acceptance of crypto, blockchain, and NFT, like the Shanghai Municipal People’s Government, other institutions show great detestation.