YAY Games
The first decentralized game publisher on AVAX & BSC that aggregates a wide range of games focused on Play-2-earn, NFTs, and DeFi.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
N/A | Seed | ||
| Total Funding | 000k | ||
YAY Games operates as a decentralized gaming marketplace, positioning itself at the intersection of the gaming industry and decentralized finance (DeFi). Founded in 2021 by Yaroslav Filippov and Guilherme J, who also serves as the CEO, the company aims to bridge the gap between blockchain technology and casual gaming. YAY Games has successfully raised a total of $1.9 million through multiple funding rounds, including a seed round in the second quarter of 2021 and an Initial Dex Offering (IDO) in August 2021.
The platform's business model is centered around creating a comprehensive GameFi ecosystem. It introduces an in-game mining system that allows players to earn cryptocurrency rewards while actively participating in games. This approach is designed to attract traditional gamers to the blockchain space by integrating play-to-earn mechanics, farming pools, and non-fungible tokens (NFTs) into accessible and entertaining games. The company generates revenue through various streams, including marketplace transactions and potentially advertising and VIP fees. The platform supports both the Avalanche (AVAX) and Binance Smart Chain (BSC) networks, offering services like token swaps and a bridge between the two.
YAY Games' product portfolio includes a variety of mini-games, prediction games, and a more complex flagship game titled "Bold Point". They also feature an NFT marketplace called LOOT and staking options for their native token, $YAY. The ecosystem utilizes a dual-token structure: YAY, a governance token, and EMPL, a utility token. Players can acquire NFTs, such as "Pals," which can be used to earn rewards based on community contributions. The platform also includes Zeus, a launchpad for new GameFi projects, further expanding its ecosystem. By offering a mix of casual games and more intricate DeFi functionalities, YAY Games targets a broad audience of gamers, traders, and crypto-farmers.
Keywords: decentralized gaming, GameFi, play-to-earn, blockchain gaming, NFT marketplace, DeFi gaming, crypto gaming, YAY token, Avalanche, Binance Smart Chain, crypto farming, in-game mining, tokenomics, Zeus launchpad, Bold Point, digital collectibles, decentralized finance, gaming marketplace, cryptocurrency rewards, staking
