Binance has completed the integration of Yield Guild Games on the Ronin network. Deposits and withdrawals are now available to users. This partnership between the three platforms aims to boost the GameFi and play-to-earn opportunities for the players.
Yield Guild Games (YGG) is a gaming guild focused on blockchain play-to-earn games. It’s a community that invests in NFT assets and connects blockchain gamers worldwide. YGG aims to build a network of players and investors who help each other get started and grow in the NFT gaming space.
Yield Guild Games combines Decentralized Finance (DeFi) and NFTs to create a metaverse economy on the Ethereum blockchain. The YGG DAO is an open-source protocol with rules enforced by smart contracts. It serves many different purposes, such as carrying out governance decisions voted by the community, issuing rewards, and facilitating NFT rentals.
Benefits of Integrating YGG on Ronin Network
Ronin Network is an EVM (Ethereum Virtual Machine) compatible blockchain developed for gaming. It powers two of Web3’s top games: Axie Infinity and Pixels. Ronin aims to become the full-stack infrastructure enabling blockchain games to succeed. The Ronin team, Sky Mavis, is one of the few teams with real experience driving mass adoption.
Ronin Network provides a customized gaming environment designed to satisfy the gaming sector’s unique needs. This platform guarantees flawless integration and outstanding performance, allowing creators to distribute and control their games quickly.
Ronin’s infrastructure enables almost instantaneous transaction processing at minimum gas fees. Its compatibility with the EVM also helps to streamline game creation and enable seamless deployment. Utilizing the Ronin and Mavis products, Ronin also offers developers an integrated array of tools.
Source: https://blockchainreporter.net/binance-officially-integrates-yield-guild-games-ygg-on-ronin-network/