Avalaunch and YAY Games have announced a collaborative project and IDO. The gaming space has started becoming even more exciting with the introduction of play-to-earn models and Avalauch wants to tap into this growing market.
YAY games is a 100% decentralized marketplace for gaming with systems for in-gaming mining while playing games on the network. Users can mine cryptos in-game, trade their cryptos, or farm their cryptos.
The primary goal of YAY games is to encourage the adoption of DeFi networks and cryptos in everyday usage.
But not only is YAY Games growing rapidly, the world of PC Gaming is growing at a very fast rate. In 2020, the total annual revenue from PC Gaming all over the world was 37 Billion USD. Mobile gaming is also a hugely growing market with a 77 Billion USD annual revenue earned in 2020.
The number of DeFi users also doubled in 2020. Avalaunch has decided to collaborate with YAY Games because of this huge potential in the gaming and DeFi markets. The founder of Avalaunch has also stated that he is very excited to bring YAY Games to his community of users.
Nick Epifanov, the CEO of YAY Games, has also shared his excitement about YAY games hosting its IDO on the Avalaunch platform. The YAY Games IDO will go live on Avalaunch at 11pm PST on 28th August 2021. 85% of the sale will be directed to the community XAVA stakers. 5% of the sale will be public and the another 10% will be kept in reserve for network validators.
The actual amount of XAVA to be staked by the users to get a max allocation will vary depending on the total XAVA staked. This required number will be displayed on the platform for Avalaunch staking once staking interest has been registered.
The world of crypto and decentralized finance is now full of brand new developments every single day. As traders, it is important to keep up with the upcoming crypto news so that no big opportunities like the YAY Games IDO are missed.