Yeeha Games, a $50 million-funded GameFi platform, has announced its Web3 gaming arrival.
Backed by leading cryptocurrency exchange Bybit, Yeeha Games will focus on quality games and a marketplace for trading non-fungible tokens (NFTs).
Starting with ‘Midgard Saga’, slated for release in September 2022, Yeeha Games will unveil a number of blockchain games over the next 18 months, with 11 already in the works.
A winning team
With a global team over 90 strong, which boasts industry powerhouses like Animoca Brands, Yeeha Games is set to be a big player in the GameFi space.
“The GameFi industry saw incredible growth in 2021,” said Choy Wai Cheong (Choy), co-founder and COO of Yeeha Games. “But when compared to the traditional gaming market, we still see a massive untapped potential.”
“To attract traditional gamers to web3, we must have games that appeal to them. Blockchain or not, games have to be fun to attract and retain players in the long run. Integrating blockchain elements into game genres with proven success in the traditional gaming market is a good starting point — and that’s where Yeeha Games is positioned.”
Also among the global team are notable names like Tencent, NetEase, IGG, Unity, and TapTap.
Onboarding the masses
Yeeha Games will develop free-to-play games, which will serve as a bridge for players in the traditional gaming space to enter Web3 gaming.
Thus, traditional gamers won’t need to navigate the realms of crypto or buy NFTs in order to start playing the games.
You can expect to see a variety of genres, such as MMORPG, SLG, open world, simulation, and idle RPG card games.
As for its marketplace, Yeeha Games has a built-in wallet that supports both fiat and crypto deposits.
Furthermore, players will be able to make transactions gas-free across all game titles on its platform.
Casual card RPG game Midgard Saga will kick off the Yeeha Games ecosystem, following the adventures of a prince to save his fallen kingdom.
Players will encounter heroes of various backgrounds, which they can then recruit and deploy in battles.
Moreover, the game’s idle gameplay, which is light on battle mechanics, will suit those who enjoy a real-time combat strategy game.
Bybit’s GameFi breakthrough
Bybit has already been making waves in the Web3 space, as partners of Formula One Racing Team, Oracle Red Bull Racing, and Borussia Dortmund, amongst others.
Now, the crypto exchange is making major moves in the world of GameFi.
“We are excited about the future of GameFi, and how it could realize the promise of the metaverse and internet through gaming,” said Ben Zhou, co-founder and CEO of Bybit. “Other than creating a level playing field, GameFi has the potential to connect people across global communities to build up our digital and virtual worlds.”
“Additionally, it promotes the ideology of putting power back in the hands of the people with a player-owned economy. Through this partnership, we want to demonstrate our commitment to driving technology innovations to the wider society.”