Yield Guild Games

The Yield Guild Games is a decentralized autonomous organization (DAO) that invests in virtual world NFTs. Its mission is to build the world’s largest virtual economy, optimize asset value, and distribute revenue among stakeholders in the crypto gaming industry.

YGG is an international gaming ecosystem that helps its members earn cryptocurrency through play-to-earn games. Furthermore, the guild purchases non-fungible tokens (NFTs) like virtual land and game assets for its members to use. Each member of the YGG community, whether a player or a contributor, works together to help newcomers learn the ropes and existing players make money through the game’s unique “play-to-earn” system.

Players earn YGGs by participating in play-to-earn blockchain games, where they compete against others to win prizes. Yielders can use their YGGs to buy game items, pay for upgrades, and purchase virtual goods in the marketplaces of popular virtual worlds.

The guild also offers several benefits to its members, including discounts on future purchases, exclusive events, and free giveaways. Additionally, guild members receive regular updates about the latest news and information regarding the games they like. This includes announcements about upcoming tournaments, special promotions, and more.

Members of the gaming guild have access to many non-fungible tokens (NFTs) and other digital assets that can be used in play-to-earn game contexts. YGG gained a diluted valuation through trending NFT games like Axie Infinity, Star Atlas, Ember Sword, Splinterlands, The Sandbox, and Decentraland.

Participating in YGG necessitates using a suitable cryptocurrency wallet, such as MetaMask or WalletConnect, which is compatible with the Ethereum (ETH) network. After you’re linked up, you’ll have to have enough cryptocurrency tokens to cover the gas fees of minting the Guild Badge.

Yield Guild Games Founders

Yield Guild Games is a mobile games studio based in Manila, Philippines. The co-founders are Gabby Dizon and Beryl Li, and they aim to bring fun and engaging games to players worldwide.

The founders are both experienced entrepreneurs and developers. Gabby Dizon is an active member of Axie Infinity and has been involved in the blockchain since 2018. On the other hand, Beryl Li is a blockchain developer who co-founded CapChainX, a cryptocurrency exchange. Owl of Moistness, another co-founder, is a blockchain developer who builds algorithms for many bots and digital collectibles like NFTs.

In addition to being a gamer and crypto enthusiast, Nolan Manalo is also a seasoned gamer. He is in charge of the entire game production and has input into every decision. His background includes working at Ubisoft Singapore as a producer’s Creed Odyssey.

The rest of the team is collaborating to create a secure environment for playing crypto games, drawing on their backgrounds and successes in the field.

Yield Guild Games Scholarship Program

The Scholar’s only up-front commitment is their time playing the game, passion, and willingness to learn.

To encourage new players to join the community and help the Guild grow, Yield Guild uses a rewards-sharing model to acquire NFT assets and rent them out to new players for free.

The scholar, Yield Guild Games and the Scholarship Manager each receive 70%, 10% and 20% of the earnings from an Axie Infinity scholar. The Scholarship Manager will bring in a new player and provide them with guidance and instruction.

Scholarship Managers are the “feet on the ground” necessary for the Guild to grow internationally. One of their main strategies is distributing YGG’s NFTs to promising up-and-coming members of their local ecosystem.

YGG Tokenomics

The YGG token is an ERC 20 token; therefore, token holders can vote on DAO matters. The token can also be used to stake YGG tokens and gain access to premium features in the Discord app, among other network services.

There is a total supply of 1 billion tokens, and millions of YGG were marketed via IDO on SushiSwap. The total market cap of YGG governance tokens will reflect the worth of all YGG activities. The token was launched in mid-2021 and hit an all-time high in the same year.

YGG’s NFT asset rental, merchandise, esports, and breeding operations are represented by the remaining functions.

Yield Guild Games price varies from game to game. You can buy Yield Guild Games (YGG) on crypto exchanges like Binance.

The DAO

YGG combines the finest non-fungible token (NFT) and the DeFi industry. The goal is to bring yield farming to gaming economies and enhance the content of these virtual worlds.

In addition to selling NFTs, YGG offers a “rental” system in which players pay a fee to access certain in-game resources. NFTs and digital collectibles represent real-world items like cars, houses, and pets.

Users can buy the NFTs, sell them on secondary markets, or rent them out to other players in return for a percentage of the asset’s value.

The DAO is the organization that manages the governance of the YGG network. Its primary function is to manage the governance of the NFTs and to arbitrate disputes arising from the use of those NFTs. All transactions regarding NFTs are maintained on the Ethereum (ETH) blockchain.

In addition to generating revenue from the sale of NFTs, the DAO charges fees to participate in the governance process. This allows it to provide ongoing support to the network while ensuring that it does not become too centralized.

By coordinating efforts to improve metaverse-themed games, DAO members can generate yields more efficiently and engage in arbitrage.

SubDAO: To manage the resources and operations of a single game, YGG creates a subDAO. The YGG treasury uses a multi-signature hardware wallet to buy, completely possess, and exercise sole control over the subDAO’s assets. Smart contracts would allow the group to pool its resources and put them to use.

Tokenizing a sub-DAO would involve releasing a portion of the sub-tokens DAOs to the general public. Token holders in the subDAO community can make suggestions and cast votes on how the game is played.

In this way, token holders in the community subDAO will be able to share in the profits and rewards that result from the active participation of the community in the game.