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Yield Guild Games Raising $75 Million Venture Fund to Double Down on Web3 Gaming

Yield Guild Games (YGG), a top web3 gaming guild, is entering the venture capital space, raising $75 million for its first fund.

"The fund's mandate is to invest in early-stage token and equity deals in web3, gaming studios and the infrastructure that supports the growth of the industry to benefit the LPs [limited partners] of YGG Ventures Fund I," reads the fund's pitch deck, which was obtained by The Block. YGG co-founder Beryl Li confirmed the formation of YGG Ventures and the fund's targeted amount.

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