<a target="_blank" href="https://x.com/YieldGuild” target=”_blank” rel=”noopener”>Performance Guild Games (YGG) has announced the launch of Onchain Guilds, a blockchain-based platform designed to help communities manage and verify their collective contributions.
The platform will operate on Base, Coinbase's Layer-2 ethereum network, which provides faster and more profitable transactions. The Philippines, a world leader in web3 gaming adoption, will be the initial focus of this new initiative.
YGG aims to provide communities with tools to organize and document their collective achievements in a secure and cost-effective way. This aligns with its broader efforts to expand the use of blockchain technology beyond gaming and into other areas of digital collaboration.
Source: YGGWhat are Onchain guilds?
Onchain Guilds allows groups (such as gaming teams, freelancers, and content creators) to record and manage their contributions using blockchain technology. The platform provides tools to document work, manage shared assets, and build group reputations through verifiable data stored on-chain.
“Reputation is on a chain for all to see. It is enrolled in your wallet, so it is your property, not a social network or any other platform,” said Gabby Dizon, founder of YGG.
This system eliminates dependence on centralized platforms to validate contributions, offering a transparent and decentralized approach to reputation management. YGG also plans to expand Onchain Guilds into non-gaming sectors, including ai data labeling and freelancing, building on its recent efforts to explore broader applications of blockchain.
Source: YGGWhy is Base important for this release?
The platform will launch on Base, Coinbase's Layer-2 network built using the Optimism Stack. Base enables faster and cheaper transactions while maintaining the security and decentralization of ethereum. This is particularly relevant in the Philippines, where high transaction costs can limit access to blockchain tools.
The Philippines is a key market for web3 innovation and consistently ranks as one of the most active regions in web3 gaming. YGG Pilipinas has over 1.2 million members and research from ConsenSys shows that 96% of Filipinos are aware of cryptocurrencies.
This makes the country ideal for the introduction of Onchain Guilds, where communities can leverage blockchain to improve collaboration and access new opportunities.
