Gaming Guild YGG Closes $13.8 Million in Funding Led by a16z Crypto and DWF Labs

Gaming guild Yield Guild Games (YGG) has sold $13.8 million in tokens to a group of investors led by a16z Crypto and DWF Labs. YGG co-founder Gabby Dizon said that YGG will use the funds to further develop its soulbound reputation token.

YGG is a Play-to-Earn gaming guild on Ethereum, a decentralized autonomous organization (DAO) for investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games.

According to TokenInsight data, Yield Guild Games ($YGG) went up by 12.61% in the last hour, trading at $0.370206.