Yay! Announces Technology Alliance with CryptoGames to Develop the web3 Game Features
TOKYO November 15, 2023 – nanameue, Inc., a leading company of the democratizing social media, today announced a technology alliance with CryptoGames to develop the upcoming web3 game features for Yay!.
On YAY White Paper v2.2, released in November 2023, Yay! revealed to build a token economy inside and outside the service by allowing users to receive incentives by simply contributing to the Yay! community. This new feature will include GameFi components, so that everyone can simply enjoy the game elements by spending time within Yay! community and naturally experience the value of web3.
Yay! will offer a new web3 feature that will allow anyone - including the beginners who are very new to tokens or NFTs as well as advanced users who are familiar with DeFi and trading - to earn tokens while enjoying a seamless and simple gaming elements without the cost of opening a wallet or an account in an exchange.
In the development of this feature, Yay! chose a technical alliance with CryptoGame, which is involved in the development of many blockchain games and operates "CryptoSpells," one of the largest blockchain games in Japan that can be played without wallets or crypto assets. Both Yay! and CryptoGames will maximize the use of respective knowledge and resources to promote the creation of a new experience for the Yay! users while realizing the valorization of community contributions.
"We have long seen great potential in the community economic sphere and mass adoption through the use of tokens in Yay!,” said Kenta Ozawa, the CEO of CryptoGames. “This time, inspired by Mr. Ishihama's insights, we aim to develop an extremely simple game as an entry point for those new to web3. We are looking forward to the day when many users will be able to enjoy Pal’s game element.”
“The Pal game was designed to be easy to play for everyone,” said Takahiro Ishihama, the CEO of nanameue. “We need to make Pal’s battle feature, easy to play and fun for everyone. The first person to consult with us was Mr. Ozawa of CryptoGames. We have received flexible and uncompromising cooperation in the development of this feature. We will continue to develop the feature and release it as soon as possible to our users to enjoy.”
About Yay!
Yay!, the virtual world of interconnected interests, began in January 2020. With 8 million users as of November 1, 2023, Yay! currently serves as a new virtual world for users to find their interests, get connected, and have fun making group calls and more. Within the Circle feature, anyone can create a community group based on common interests, whether it's games, anime, music, or other hobbies. The current total number of group communities has grown to approximately 90,000. In August 2022, Yay! announced a contractual partnership with bitFlyer for the implementation of Initial Exchange Offering (IEO), and subsequently, released the YAY White Paper outlining the scope of web3 initiatives in November 2023. In the future, building token economy on Yay!, nanameue aims to realize the virtual world of the web3 era in Yay!.
Yay! Official website: https://lp.yay.space/en
Download the app here: https://yay.onelink.me/jqva/press
YAY White Paper: https://lp.yay.space/docs/whitepapers/YAY_White_Paper_v2.2_en.pdf
Yay! Official on Twitter @Yay_SocialFi: https://twitter.com/Yay_SocialFi
Yay! Official on Twitter @Yay_jp: https://twitter.com/Yay_jp
About CryptoGames
CryptoGames officially released a blockchain card game “CryptoSpells” that can be played without wallets or crypto assets, on June 25, 2019. As cloud-based sale generated 900 ETH, a record in Japan at the time, and in June 2020, CryptoGames launched its first terrestrial TV commercial. In 2022, the company launched the main net of Oasys' Verse layer "TCG Verse" where users can play games for free on gas and at high speed. The company continues developing a variety of blockchain games.
CryptoGames Official Website: https://cryptogames.co.jp/
About nanameue, Inc.
With the mission of “Building Community with Science,” nanameue operates Yay!, the virtual world where everyone can be exactly who they want to be in a decentralized community. Since its release in January 2020, Yay! has been providing a community place where everyone can belong. The users can share their interests, manage their own smaller communities, and enjoy chatting on group calls while playing their favorite video games. nanameue is committed to form its own token economy within the Yay! community in the future, bringing to life a truly sustainable virtual world.
nanameue Official Website: https://nanameue.jp/