Investing in the Next Major Category in Gaming: Play-To-Earn


Gabby Dizon
Yield Guild Games, Co-Founder

A gaming industry veteran with 18 years experience, Gabby Dizon was part of the team that released the first Filipino-made PC game in 2003, Anito, and in 2014, he established his own gaming company, Altitude Games.

In 2018, he became an avid Axie Infinity player and breeder after meeting Sky Mavis co-founder, Jeffrey “Jiho” Zirlin, at a Manila gaming event. This sparked Gabby’s interest in developing blockchain games, and later that year, he released a blockchain arcade racing game on Decentraland called Battle Racers.

In October 2020, as part of their mission of onboarding millions of people to the play-to-earn revolution, Gabby established Yield Guild Games (YGG) along with co-founders Beryl Li and Owl of Moistness. The decentralized gaming guild has since raised $20M+ from world-leading VCs including a16z, BITKRAFT, gumi Cryptos Capital and Delphi Digital.

Gabby is a board member of the Blockchain Game Alliance and an active investor in various projects in the NFT and crypto space.

Piers Kicks
BITKRAFT Ventures, Senior Associate

Piers leads crypto investments at BITKRAFT Ventures—a leading global gaming investor. Prior to joining the team, he was a co-founder at the investment arm of Delphi Digital—a prominent institutional research firm covering the digital asset market. He remains a venture partner at Delphi Ventures to cover the earliest-stage crypto opportunities across NFTs, gaming, and interactive media. Piers also sits on the board of the Blockchain Game Alliance which seeks to foster constructive discussion across the fast-paced ecosystem.

Miko Matsumura
Gumi Cryptos Capital, General Partner Gumi Ventures
Amy Wu
Lightspeed Venture Partners, Parnter

Amy has enjoyed being on both sides of the table as investor and operator, joining Lightspeed in 2019 as an early member of the growth team to lead the reinvestment platform and invest in growth-stage consumer and enterprise businesses. Prior to Lightspeed, Amy was an executive for several years, most recently at Discovery, Inc, a global media company with 17 TV networks in 220 countries, and at NewsCred, a growth-stage marketing software company based in NYC, after starting her career at Insight Venture Partners.

Amy’s breadth of experience – in early-stage and corporate, in consumer and enterprise businesses, and across the US, Europe, and Asia – has deeply shaped her passion for helping businesses scale globally. In the US, Amy helped raise over $60M for NewsCred, was group CFO of 4 US direct-to-consumer businesses at Discovery and was involved with Zumba, DrillingInfo, and other marketplace and SaaS investments while at Insight. In Europe, Amy was group CFO of Discovery Eurosport, the leading sports broadcaster across Europe, and DPlay, an on-demand video streaming platform, and led the acquisition of Playsports UK. Finally, Amy has lived and invested in Asia, where she was born in Beijing, was CFO and SVP of Commercial Operations for Discovery Asia based in Singapore, led the Scripps Networks Asia integration efforts, and was a board observer with while at Insight.

“As a former operator, what I love most about investing is getting in the trenches with CEOs and their teams.”

Amy finds balance in her life in the outdoors. Having grown up in Oregon, Amy loves skiing on and off-piste, rock climbing, and has summited over 12 alpine peaks over 10,000 ft high. “Mountaineering is the most humbling experience. It gives me real perspective in life and keeps me calm when helping my team and companies through good and hard times.”

As the next iteration on pay-to-play and free-to-play models, "play-to-earn" is often discussed in terms of its benefits for players. As seen in the mini-documentary, Play-to-Earn: NFT Gaming in the Philippines, players have been able to earn significant returns by playing decentralized games. But what does this new business model mean for the mainstream gaming industry? Our speaker panel discusses the changing role of game platforms, publishers, and developers in the burgeoning world of play-to-earn.