Yield Guild Games YGG Price

What is Yield Guild Games (YGG)?

Empowering Gamers and Building a Virtual Economy: The Rise of Yield Guild Games (YGG)

Yield Guild Games (YGG) has emerged as a pioneering force in the intersection of decentralized finance (DeFi), non-fungible tokens (NFTs), and virtual worlds. Established as a decentralized autonomous organization (DAO) in 2018, YGG is on a mission to create the largest virtual world economy, optimizing community-owned assets for maximum utility and sharing profits with token holders.

Vision and Mission

YGG's vision encompasses the convergence of the NFT and DeFi space, introducing yield farming to game economies while enhancing virtual worlds through content and economic development. The organization seeks to dominate the metaverse, believing that virtual economies will surpass real-world economies in value over time. Simultaneously, YGG aims to cultivate a thriving virtual environment for its guild members, including competitive gamers, artists, and content creators.

Activities and Initiatives

YGG's activities revolve around maximizing the value of NFTs in virtual worlds and blockchain-based games. The DAO's protocol is automated through smart contracts, guided by consensus from token holders participating in governance proposals and voting. Key activities include:

Building a global play-to-earn community: YGG brings together gamers who play competitively to collect in-game rewards, such as players in Axie Infinity earning tokens from victorious battles.

Revenue generation: YGG generates income by renting or selling its NFT assets, like reselling land in The Sandbox or providing Axies to players through profit-sharing scholarships.

DAO participation: YGG allows community members to engage in the DAO by proposing and voting on decisions.

Research and development: The DAO coordinates R&D efforts for gamers to capitalize on yield generation through competitive play in metaverse-related games.

YGG in the Crypto Landscape

Recognized by platforms like Coinmarketcap, Messari, and Kucoin, YGG positions itself as the world's first and largest web3 gaming guild. It serves as a bridge between Play-to-Earn gaming and decentralized finance, aiming to empower individuals in developing economies by lowering entry barriers through its capital markets layer.

How YGG Works

Yield Guild Games leverages its decentralized community through the DAO to maximize the value of NFT assets in blockchain games. The DAO comprises a global play-to-earn community generating revenue by playing games and collecting rewards. YGG-owned NFT assets are rented or sold, with the proceeds shared among the community. The project's success is driven by community participation in proposing and voting on game-related decisions.

History and Token Sale

Co-founded in 2018 by Gabby Dizon and Beryl Li, YGG originated from the idea of lowering entry barriers for gamers, especially in emerging markets. The project gained momentum, culminating in a successful token sale in July 2021, raising $12.5 million through an Initial Dex Offering (IDO). Notable investors, including Crypto.com Capital, Animoca Brands, and Polygon, recognized the potential of YGG.

YGG's Global Impact

From its roots in the Philippines, YGG has evolved into a global network with regional guilds and partnerships with over 80 blockchain games and infrastructure projects. The guild supports web3 education, competitive esports, and initiatives like Web3 Metaversity and the Guild Advancement Program.

In conclusion, Yield Guild Games stands at the forefront of the evolving landscape where gaming, DeFi, and NFTs converge. With a commitment to inclusivity and community empowerment, YGG is reshaping the future of gaming economies and contributing to the rise of the metaverse.

What is unique about Yield Guild Games (YGG)?

Yield Guild Games uniquely blends decentralized finance (DeFi) and non-fungible tokens (NFTs) to empower a global play-to-earn community, maximizing the value of NFT assets in virtual worlds and blockchain games.

Who are the founders of Yield Guild Games (YGG)?

Yield Guild Games was co-founded in 2018 by Gabby Dizon and Beryl Li, visionaries who aimed to lower entry barriers for gamers, particularly in emerging markets, providing opportunities for monetization through blockchain gaming.

Who are the backers/investors of Yield Guild Games (YGG)?

Notable investors in Yield Guild Games include Crypto.com Capital, Animoca Brands, Polygon, and other prominent names like Coinmarketcap, Messari, and Kucoin, recognizing the project's potential in revolutionizing web3 gaming.

Where can I buy Yield Guild Games (YGG)?

You can buy Yield Guild Games (YGG) on Binance, Bitget, MEXCGate.ioOKX cryptocurrency exchanges.