Crypto gaming company Yield Guild Games has shut down its game publishing division, YGG Play, and cut 35 employees, blaming a prolonged crypto market downturn and a ‘similarly brutal’ video g
Crypto gaming company Yield Guild Games has shut down its game publishing division, YGG Play, and cut 35 employees, blaming a prolonged crypto market downturn and a ‘similarly brutal’ video game publishing environment that left the business unable to operate commercially.
In a Monday announcement, the company pointed to a major market crash on Oct. 10 as a turning point, saying the event ‘fundamentally altered retail market psychology.’ YGG added that it does not expect either the crypto consumer market or the Web3 games publishing market to recover sufficiently in the near term.
