by chainwire
Baguio City, Philippines, September 24th, 2024, Chainwire
W3GG, the Yield Guild Games (YGG) backed decentralised gaming protocol, is thrilled to announce the listing of its native token, $W3GG, on Gate.io, MEXC, and Uniswap, marking a milestone in its mission to redefine the gaming industry through Web3 technology. The listing is scheduled to go live on 25th September 2024 at 10am UTC, offering users access to a project at the intersection of blockchain and gaming.
W3GG and the Future of Web3 Gaming
According to the team, the gaming industry, which is projected to reach $125 billion by 2032 according to Global Market Insights, is undergoing a shift with the rise of Web3 gaming. Web3 is changing how gamers interact with the digital world by promising digital asset ownership and earnings opportunities within games. The W3GG protocol acts as a part of this transformation by offering players ownership of in-game assets and empowering developers to try and reward users directly.
W3GG’s decentralised gaming protocol allows gamers the chance to earn blockchain-based rewards, with the intention that contributions like in-game achievements, time spent, and community building are recognized and rewarded. Furthermore, the W3GG token offers gamers the ability to engage and shape the future direction of the ecosystem.
Expanding Market Reach
The listing of $W3GG on Gate.io, one of the top 10 global exchanges 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 wide and diverse user base. Additionally, the decentralised nature of Uniswap allows users to trade $W3GG seamlessly and directly, providing the ability for liquidity and ease of access for decentralised finance enthusiasts.
Position in the Web3 Gaming Ecosystem
According to Delphi Digital, Web3 games and metaverse projects raised nearly $673 million from January to June 2024, underscoring the rapid evolution of this space.
W3GG, with its decentralised gaming protocol, and growing ecosystem of over 70 different web3 games, is hoping to capitalise on this growth. The protocol’s native token aims to not only fuel in-game transactions and rewards opportunities, but also enable users to participate in the governance and future direction of the platform. By leveraging the potential of blockchain technology, W3GG is aiming to establish itself as a key player in this multi-billion-dollar market.
Token Utility and Governance
The $W3GG token will serve as the core utility token of the ecosystem:
- Governance: Empowering community engagement on the future direction of the protocol
- Staking and Rewards: Gamers can stake $W3GG to unlock exclusive rewards and gain exposure to the growing W3GG ecosystem
- GameFi Integration: Facilitating play-to-earn mechanics
- NFT Marketplace: Powering in-game asset trading
- Launchpad Access: Exclusive entry to new Web3 gaming projects
- Talent Network: Connecting skilled gamers with opportunities
- Gated Access: Exclusive entry into IRL events, redeem against merchandise, NFT whitelists, tournament access, gaming assets and more
CEO Statement
“We have been building since 2021 and we are excited to finally bring W3GG to a global audience through these listings on Gate.io, MEXC, and Uniswap,” said Irene Umar, CEO of W3GG. “As Web3 gaming continues to grow, we believe our decentralised gaming protocol will grow with it, offering true digital ownership, decentralised governance, and a seamless 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 W3GG
W3GG is pioneering a decentralised gaming protocol designed to reward gamers 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
Contact
Head of Marketing and Community
Joyal Langoy
W3GG
joyal@w3gg.io
#blockchain #crypto, #decentralized, #distributed, #ledger