Thread by @pierskicks

1/ Amped for this! 🔥

@YieldGuild comfortably remains the most exciting project in the space to my mind, and I couldn't be happier for us to lead their Series A as @BitkraftVC's first token investment.

More to come.

venturebeat.com/2021/06/16/yie…

2/ The wealth of industry experience and broad network provided by the the wonderful BK team stands firmly behind Yield Guild on this pioneering mission to settle the New World.

3/ Since @Delphi_Digital led YGG's seed round in November, the pace of progress for the project and the play-to-earn games such as @AxieInfinity has been truly astonishing.

https://twitter.com/anildelphi/status/1392836548983459840?s=20

4/ Whilst it’s still early on in the transition towards open game economies, we are very excited by its potential. Already, games like Axie are showcasing the explosive proliferative power of shared economics in gaming.

Stay tuned for an update report.

https://twitter.com/Delphi_Digital/status/1404515516295827458?s=20

5/ The nature of work is changing as the digital realm continues to beckon. For many, the economics of traditional vs natively-digital work are already skewing towards the latter.

6/ Increasingly, whether driven by increased automation or adversity such as COVID, local economic opportunities will struggle to compete with this new global, virtual economy that affords its participants unprecedented flexibility and freedom.

atelier.net/virtual-econom…

7/ Whilst for now this is most potent in emerging markets such as the Philippines where YGG was born, we believe that people from all over the world will begin to engage with crypto-enabled game and creator environments as either primary or supplemental income.

8/ There remain a number of questions around what play-to-earn game economies will look like as they mature, but YGG gives us the best chance at building long-term sustainability into this ecosystem by providing structured engagement opportunities for its participants.

9/ The YGG team are extremely talented and formidably well-networked in this emerging world.

It's difficult to see any other group of founders possessing the combination of boots on the ground and deep industry experience required to execute on a vision as grand as this. 🤝

10/ We believe that YGG is going to be a responsible shepherd for the major growth phase of crypto gaming, whilst providing its members actively-managed proxy exposure to the entire emergent sector.

Onwards.