Major cryptocurrency exchange Coinbase announced on Thursday that it has joined the Sponsor-A-Scholar program of Yield Guild Games, a DAO that promotes blockchain-based games and its players.
Per the Twitter post revealed yesterday, Coinbase will sponsor new players starting Play-to-Earn (P2E) games through YGG. “We’re excited to support the gig economy of the metaverse,” Coinbase tweeted.
YGG or Yield Guild Games is a major P2E-focused game guild (DAO) with more than 100,000 members as of December 2021. Normally, P2E games require users to purchase NFTs in order to play games, YGG has a scholarship program that lends NFTs to players who want to play the game and earn tokens.
There are currently more players wanting #playtoearn scholarships than there are game assets to meet the demand
— Yield Guild Games (@YieldGuild) January 11, 2022
Coinbase has recently begun to step up its efforts on the Metaverse. In a December blog post by Coinbase, CEO Brian Armstrong said the exchange will work on building user identities in the Metaverse.
“At Coinbase, we want to help pull all the pieces of identity together — essentially creating an identity on-ramp into the Metaverse,” Armstrong said at the time.
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