YGG (Yield Guild Games) overview

Blockchain technology is revolutionizing the gaming industry, particularly through the rise of play-to-earn (P2E) gaming. This trend has been gaining momentum as more games introduce their own tokens and Non-Fungible Tokens (NFTs), drawing the attention of both gamers and investors. A key development in this space is the emergence of gaming guilds, which offer numerous benefits to their members.

The burgeoning Metaverse is expected to further amplify the relevance and value of NFTs. These digital assets, encrypted on the blockchain, range from virtual goods and artwork to music and even virtual land. In the wake of this growing popularity, numerous NFT-centric companies are emerging, especially in the video game sector.

What Is Yield Guild Games?

Yield Guild Games (YGG), a Decentralized Autonomous Organization (DAO) established in 2020 by co-founders Gabby Dizon and Beryl Li, represents a significant evolution in blockchain gaming. Its core mission is to build sustainable and profitable virtual gaming economies by integrating Non-Fungible Tokens (NFTs) into various digital worlds. YGG is known for its innovative approach in yield farming strategies and for maximizing NFT value in the blockchain-based gaming sector.

This DAO, a major player in the emerging Metaverse, invests in NFTs used within blockchain games, positioning itself as a critical element of virtual world economies. These investments range from virtual real estate to other in-game assets, with a focus on enhancing the financial ecosystem of major DeFi platforms like Axie Infinity and The Sandbox. YGG’s unique model allows for the sale and rental of company-owned NFT assets, generating profit for its community.

The concept of YGG was born in 2018, inspired by the growth of blockchain gaming in Southeast Asia. Co-founder and CEO Gabby Dizon recognized the potential of blockchain gaming as an empowering tool for people in developing countries. He began by lending his Axies in Axie Infinity to those who couldn't afford them, laying the foundation for YGG. This act of sharing resources led to the creation of YGG with the goal of helping gamers thrive in the NFT and blockchain gaming landscape.

YGG isn’t just a single DAO; it encompasses various SubDAOs, each focusing on specific games or regional player communities. These SubDAOs operate under their own sets of rules tailored to their unique gaming and investment focuses. This structure allows players to maximize their gaming rewards, which in turn benefits the overall guild. YGG combines decentralized finance (DeFi) with NFTs to create a metaverse-like economy on Ethereum's blockchain, governed by smart contracts.

In essence, YGG is a global community where players come together to engage in their shared passion for gaming. The guild operates internationally, coordinating players to earn rewards in P2E games and invest in various NFTs. This model not only benefits individual players but also contributes to the growth and sustainability of the virtual economies it participates in.

How Does the Yield Guild Games System Work?

Yield Guild Games (YGG) operates on an innovative business model that seamlessly blends the play-to-earn (P2E) concept, a Decentralized Autonomous Organization (DAO), and Decentralized Finance (DeFi) to cultivate a thriving virtual economy on the Ethereum blockchain.

At the core of YGG's system are smart contracts that automate various functions, including the execution of sales, governance by guild members, and the facilitation of NFT transactions. These contracts are pivotal in distributing rewards, enabling member governance, and managing NFT purchases and rentals.

YGG's guild gaming is central to its operation. Players engage in games, competing to earn rewards, which provides YGG with valuable data on NFT and cryptocurrency trends. This data aids in understanding market fluctuations and player preferences, enhancing the guild's strategies.

The DAO system empowers participants to vote on systemic changes, fostering a democratic approach to platform development. YGG employs a hybrid revenue model, combining a subscription service for Guild members with revenue from non-Guild members through in-game assets. This structure allows YGG to grow its ecosystem beyond its paying clientele.

YGG’s model is further diversified with its SubDAOs, which cater to specific geographical areas or NFT games. Each SubDAO operates under its own rules, managing the P2E game's operations and assets. This division allows for maximized in-game earnings and encourages members to rent and use YGG's NFT assets for in-game rewards.

YGG also adapts to market conditions, focusing on creating opportunities for its community. This includes initiatives like the Guild Advancement Program and Reward Vaults, and esports-related activities such as hosting tournaments. They offer advisory services and sponsorship packages for companies entering the metaverse.

The guild provides NFTs to new players, allowing them to start playing without upfront costs and scaling up the scholarship model. YGG retains a portion of the proceeds, creating a sustainable revenue stream. Their ecosystem boasts strong partnerships with various web3 games, infrastructure projects, and guilds, and has acquired assets in multiple games for community use. This expansive network includes Axie Infinity, Aavegotchi, Star Atlas, and more, underlining YGG's commitment to growing its presence in the web3 gaming world.

What is a YGG token?

Yield Guild Games (YGG) has introduced a significant component to its ecosystem: the YGG token, an ERC-20 coin that plays a pivotal role in the governance and operation of the YGG DAO. This token not only grants holders the power to participate in governing decisions but also functions as a versatile tool for various services on the platform.

The YGG token has a total supply of 1 billion, with a strategic distribution aimed at supporting the community and the company's growth. Key allocations include 13.3% to the Treasury, 15% to Founders, 2% to Advisors, 24.9% to Investors, and a substantial 45% to the Community. This distribution is governed by a linear vesting concept, where participants gain gradual ownership over time, following initial lock-up periods that vary based on their role in the ecosystem.

In 2021, YGG launched the token through an Initial DEX Offering (IDO), selling 25 million YGG on SushiSwap. The token's utility extends beyond governance, as it can be used for staking in YGG vaults, unlocking exclusive content on platforms like Discord, and as a form of payment within the YGG network. Staking the YGG token enables holders to earn rewards from various in-game activities, further integrating them into the YGG ecosystem.

The value of the YGG token is closely tied to the expansion and business activities of YGG's ecosystem. Its revenue streams include in-game asset rentals, sponsorships, and token staking. As the metaverse gaming economy grows, the value of the YGG token is expected to increase, reflecting the ecosystem's success.

YGG tokens are available on major cryptocurrency exchanges like Binance, KuCoin, Kraken and Huobi Global, making them accessible to a wide range of investors. The process of purchasing YGG tokens involves either market or limit orders, with Binance being one of the largest platforms offering this token.

Overall, the YGG token is a cornerstone of the Yield Guild Games system, embodying its decentralized, community-focused ethos while providing a range of functionalities to its holders.

What Sorts of Gaming Projects Is Yield Guild Games Interested In?

In the dynamic and growing market of blockchain gaming, Yield Guild Games meticulously selects its areas of focus, ensuring they align with the specific needs of its user base. For a gaming project to integrate into the Yield Guild Games DAO ecosystem, it must fulfill several essential criteria:

Virtual Land Dynamics: It's crucial for player-investors to have the ability to purchase, sell, and engage in trading of NFT-based properties and land within the game's virtual environment.
Adherence to DeFi Principles: The game must incorporate key principles of Decentralized Finance (DeFi). This entails having a native, decentralized token that is central to the functioning of the game's economy.
Reward Systems for Players: The game should feature a play-to-earn model, with clearly defined mechanisms that allow players to earn native tokens through various in-game or ancillary activities and tasks.
Robust Community Engagement: The game's platform must boast a significant and active community, underlining its popularity and ensuring a lively, interactive user experience.

These guidelines ensure that each game within the Yield Guild Games ecosystem not only resonates with their community but also upholds the standards of innovation and engagement in the blockchain gaming world.

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YGG (Yield Guild Games) overview

What Is Yield Guild Games?

How Does the Yield Guild Games System Work?

What is a YGG token?

What Sorts of Gaming Projects Is Yield Guild Games Interested In?

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