Bybit Announces Web3 Entry of GameFi Platform Yeeha Games

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“We are excited about the future of GameFi, and how it could realize the promise of the metaverse and internet through gaming,” —Ben Zhou, co-founder and CEO of Bybit

Yeeha Games, a Bybit-backed GameFi platform, has announced its entry into the gaming world of web3. The venture, according to the media release, aims to bridge the gap between traditional gaming and GameFi.

Yeeha Games is a platform with an ecosystem that offers a wide range of quality games, as well as a marketplace where users can trade in-game assets. 

Further, Bybit promises that they focus on high-quality, free-to-play games that deliver on all aspects. According to the press release, Yeeha Games is “set to raise the bar and shape the future of blockchain gaming” as its free-to-play games will serve as a bridge for players in the traditional gaming space to enter web3 gaming without the need to purchase cryptocurrencies from the get-go. They stressed that with this strategy players will be able to fully experience the game before purchasing their first digital assets.

Consequently, the developers stated that they are pushing the boundaries of the current GameFi space, as Yeeha Games seeks to introduce a broad range of game genres to the ecosystem, including but not limited to MMORPG, SLG, open world, simulation, and idle RPG card games to cater to different users. 

“To help players transition smoothly into web3 gaming, the Yeeha Games marketplace has a built-in wallet that supports both fiat and crypto deposits. To top it off, players would also be able to make transactions gas-free across all of its platform’s game titles.” –Yeeha Games

Choy Wai Cheong, co-founder and COO of Yeeha Games, noted how the “GameFi industry saw incredible growth in 2021.”

“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,” he explained.

Accordingly, Yeeha Games also announced that it will be releasing a number of blockchain games over the next 18 months. Currently, the platform has 11 games on queue with subsequent game releases planned in the future.

Subsequently, the first game in Yeeha Game’s ecosystem, Midgard Saga, is slated for release in September 2022. It is a casual card-based RPG that follows the adventures of a prince to save his fallen kingdom. 

“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,” Ben Zhou stated.

In a statement, they disclosed that the global team behind the platform is 90+ people strong and consists of industry veterans from the blockchain, GameFi, and traditional gaming sectors — including Bybit, Tencent, NetEase, IGG, Animoca Brands, Unity, and TapTap.

This article is published on BitPinas: Bybit Announces Web3 Entry of GameFi Platform Yeeha Games

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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