Baguio City, Philippines, September 24, 2024, Chainwire
W3GG, the decentralized gaming protocol backed by Yield Guild Games (YGG), is pleased to announce the listing of its native token, $W3GGin Gate.io, MEXICOand marking a milestone in its mission to redefine the gaming industry through Web3 technology. The listing is scheduled for September 25, 2024 at 10am UTC, and will offer users access to a project at the intersection of blockchain and gaming.
W3GG and the future of Web3 gamesAccording to the team, the gaming industry, which is estimated to reach $125 billion by 2032 according to Global Market Insights, is undergoing a shift with the rise of Web3 gaming. Web3 is changing the way gamers interact with the digital world by promising them ownership of digital assets and earning opportunities within games. The W3GG protocol acts as part of this transformation by offering gamers ownership of in-game assets and allowing developers to attempt to reward users directly.
W3GG’s decentralized gaming protocol allows players the opportunity to earn blockchain-based rewards, with the intention that contributions such as in-game achievements, time invested, and community building are recognized and rewarded. Additionally, the W3GG token offers players the ability to participate and shape the future direction of the ecosystem.
Expanding market reachThe listing of $W3GG on Gate.io, a top 10 global exchange by trading volume, and MEXC, another global exchange known for its focus on emerging blockchain projects, ensures that the token will be available to a broad and diverse user base. Additionally, Uniswap’s decentralized nature allows users to trade $W3GG seamlessly and directly, providing the possibility of liquidity and ease of access for decentralized finance enthusiasts.
Position in the Web3 gaming ecosystemAccording to Delphi Digital, Web3 games and metaverse projects raised nearly $673 million between January and June 2024, underscoring the rapid evolution of this space.
W3GG, with its decentralized gaming protocol and growing ecosystem of over 70 different web3 games, hopes to capitalize on this growth. The protocol’s native token aims to not only power in-game transactions and reward opportunities, but also allow users to participate in the governance and future direction of the platform. By harnessing the potential of blockchain technology, W3GG aims to establish itself as a key player in this multi-billion dollar market.
Utility and governance of tokensHe $W3GG Token It will serve as the main utility token of the ecosystem:
- Governance: Encourage community engagement on the future direction of the protocol
- Participation and rewards: Players can stake $W3GG to unlock exclusive rewards and gain exposure to the growing W3GG ecosystem.
- GameFi Integration: Facilitate the mechanics of playing to win
- NFT Market: Boosting in-game asset trading
- Accessing the Launchpad: Exclusive entry to new Web3 game projects
- Talent Network: Connecting expert players with opportunities
- Closed access: Exclusive entry to IRL events, merchandise redemption, NFT whitelisting, tournament access, in-game assets, and more
Statement from the CEO
“We have been building since 2021 and are excited to finally bring W3GG to a global audience through these listings on Gate.io, MEXICOand Uniswap,” saying Irene UmarCEO of W3GG. “As Web3 gaming continues to grow, we believe our decentralized gaming protocol will grow with it, offering true digital ownership, decentralized governance, and a simple way for game developers to reward their most engaged players. This is just the beginning of our journey to reshape the gaming landscape in Southeast Asia and beyond.”
About W3GGW3GG is pioneering a decentralized gaming protocol designed to reward players through blockchain-based tokens, digital ownership of in-game assets, and community-driven governance. The protocol aims to bridge the gap between traditional gaming and the emerging Web3 ecosystem, ushering in an era where every interaction in the gaming ecosystem has tangible value and impact. W3GG is backed by industry giants such as YGG, IVC, Animoca Brands and has strategically invested in over 70 cutting-edge web3 games including Dark Times, Heroes of Mavia, APEIRON, and Wild Forest.
For more information, readers can visit w3gg.io
ContactHead of Marketing and CommunityJoyal LangoyW3GG[email protected]
This article was originally published on Chainwire
