Announcing Delphi Digital's Investment In Yield Guild

MAR 03, 2021 • 3 Min Read

Piers Kicks + 1 other Anil Lulla Piers Kicks

We are very excited to announce that Delphi has led Yield Guild’s seed round. Delphi continues to be an ardent supporter of the NFT ecosystem and its potential for impact across video games and beyond. One of the many exciting aspects of this emerging landscape has been the rise of games such as Axie Infinity, that provide players with the capacity to earn money and potentially materially improve their livelihoods. Whilst much of the early activity has been driven by emerging markets, we have observed strong appetite for such activities at a global level. As more money and time is spent in virtual worlds, we think that people will increasingly recognize these places as legitimate places to earn additional income.

We believe that the Yield Guild vision of becoming the largest virtual world economy ever observed is not only attainable, but that there is an opportunity to improve tens of thousands of lives along the way. As it stands, this ecosystem remains relatively unstructured. It can be difficult for new entrants to establish exactly where and how to engage with these emerging player-owned economies. Yield Guild has an opportunity to organize and coordinate activity across a fast growing number of crypto game environments. In doing so, the guild will optimize yields on investments of both time and money. Furthermore, as the guild matures it will become a powerful catalyst for the ecosystem’s growth more broadly by providing developers with useful insights gleaned from a sophisticated player base who are familiar with the tools available. Over time, we foresee Yield Guild’s treasury effectively becoming a pseudo-investment fund for productive NFTs. Due to Yield Guild’s unique position at the heart of the ecosystem, we expect them to have unparalleled insight into attractive new projects at the earliest opportunity.

From the end user perspective, Yield Guild provides a valuable service to NFT collectors and *whales* within crypto. As most of us know, the opportunity cost of time in this space for people deep in the weeds is very high. Because of this, a lot of crypto enthusiasts and speculators aren’t able to fully leverage functional NFTs which they may have invested a lot of capital in. YGG will become an efficient bridge between the supply side of these lucrative assets, and the demand side from players who are eager to perform yield-generating activities but might be unable to afford the highest-end assets.

Delphi has enormous confidence in the founding team’s ability to execute on this grand vision and to serve as a responsible shepard for the crypto gaming space at large. As this sector gradually bridges into broader game audiences, early movers will be granted an outsized share of pie as they capture larger player bases (who are also owners, and therefore stickier) and secure a presence in many game ecosystems at a lower price point than later entrants. We believe that ultimately, the allure of these player-owned virtual economies could eventually serve as a trojan horse for onboarding millions of players into crypto more broadly.

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Piers Kicks + 1 other Anil Lulla Piers Kicks