A regionally focused sub-DAO, Ola GG raised $8 Million in funding led by many big names like Galaxy Interactive, BITKRAFT and Arca among others.
Ola GG is backed by one of the largest NFT gaming communities, Yield Guild Games and is looking to innovate a space where gamers can earn money playing games like Axie Infinity, Monkeyleague and Cyball.
These funds will be used for the creation of Spanish-language educational content, to acquire NFTs and to multiply the acquisition of play-to-earn (P2E) gaming in the U.S, Latin America and Spain.
“The Hispanic market has many similarities to that of Southeast Asia, which is where YGG was born. With so many people living below the poverty line and lacking access to quality education, we are seeing an equally strong appetite for Play-to-Earn blockchain games and, with it, the adoption of cryptocurrencies,” Ola GG co-founder Clara Bullrich said in a statement.
At present Ola GG has 3,000 fellowship players in its shared reward program, in which the guild retains 30% of the earnings and does not require upfront compensation.
Ola GG currently permits its players to play Axie Infinity and CyBall, however, it intends to eventually support StarSharks, Genopets and Karmaverse among other NFT games.
YGG claims to have more than 30,000 scholars globally whose lives have been positively impacted by play-to-earn games.
P2E games are gaining popularity at an extremely fast pace, many investors are looking to partner up with high earning P2E games. P2E games are the future of gaming.
Check out The Crypto Times for more crypto related news.
