Baguio City, Philippines, September 24, 2024, Chainwire
W3GG, the decentralized gaming protocol backed by Yield Guild Games (YGG), is excited to announce the listing of its native token, $W3GGon Gate.io, MEXCAnd Uniswapmarking a significant milestone in its mission to redefine the gaming industry through Web3 technology. The listing is expected to go live on September 25, 2024 at 10:00 UTC, providing users with access to a project at the intersection of blockchain and gaming.
W3GG and the Future of Web3 Gaming
According to the team, the gaming industry, which is expected to reach $125 billion by 2032 according to Global Market Insights, is undergoing a transformation with the rise of Web3 gaming. Web3 is changing the way gamers interact with the digital world by promising ownership of digital assets and opportunities to earn within games. The W3GG protocol is part of this transformation by offering gamers ownership of in-game assets and allowing developers to try to reward users directly.
W3GG’s decentralized gaming protocol allows players to earn blockchain-based rewards, with the intention that contributions such as in-game achievements, time spent, and community building are recognized and rewarded. Additionally, the W3GG token provides players with the opportunity to engage and shape the future direction of the ecosystem.
Expanding market reach
The listing of $W3GG on Gate.io, one of the top 10 global exchanges by trading volume, and MEXC, another global exchange known for its focus on emerging blockchain projects, ensures that the token will be available to a large and diverse user base. Additionally, the decentralized nature of Uniswap allows users to trade $W3GG in a transparent and straightforward manner, providing the opportunity for liquidity and easy access to decentralized finance enthusiasts.
Position in the Web3 gaming ecosystem
According to Delphi Digital, Web3 gaming and metaverse projects have raised nearly $673 million from January to June 2024, highlighting the rapid evolution of this space.
W3GG, with its decentralized gaming protocol and growing ecosystem of over 70 different web3 games, hopes to capitalize on this growth. The protocol’s native token aims to not only power in-game transactions and rewards opportunities, but also allow users to participate in the governance and future direction of the platform. By harnessing the power of blockchain technology, W3GG aims to establish itself as a key player in this multi-billion dollar market.
Utility and governance of tokens
THE $W3GG Token will serve as the ecosystem’s primary utility token:
- Governance: Strengthening community engagement on the future direction of the protocol
- Staking and Rewards: Players can stake $W3GG to unlock exclusive rewards and gain exposure to the growing W3GG ecosystem
- GameFi Integration: Facilitate game mechanics to win
- NFT Marketplace: Powering in-game asset trading
- Access to Launchpad: Exclusive access to new Web3 gaming projects
- Talent Network: Connecting experienced players to opportunities
- Secure access: Exclusive entry to IRL events, exchange for merchandise, NFT whitelists, tournament access, in-game assets and more
CEO Statement
“We’ve been building since 2021 and are excited to finally bring W3GG to a global audience with these listings on Gate.io, MEXCAnd Uniswap,” said Irene OmarCEO of W3GG. “As Web3 gaming continues to grow, we believe our decentralized gaming protocol will grow with it, providing true digital ownership, decentralized governance, and a transparent way for game developers to reward their most engaged players. This is just the beginning of our journey to reshape the gaming landscape in Southeast Asia and beyond.”
About W3GG
W3GG is the pioneer of a decentralized gaming protocol designed to reward players through blockchain-based tokens, digital ownership of game assets, and community-driven governance. The protocol aims to bridge the gap between traditional gaming and the emerging Web3 ecosystem, ushering in an era where every interaction in the gaming ecosystem has tangible value and impact. W3GG is backed by industry giants such as YGG, IVC, Animoca Brands and has strategically invested in over 70 leading Web3 games including Dark Times, Heroes of Mavia, APEIRON, and Wild Forest.
For more information, readers can visit w3gg.io
Contact
Marketing and Community Manager
Joyal Langoy
W3GG
joyal@w3gg.io
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