Yield Guild Games

Yield Guild Games

YGG
$0.932163753%3.42

Key Metrics

Price$0.932163753
Real Volume (24H)$67,454,220.97
Marketcap$337,246,828.98
Fully Diluted Valuation$100,000,000
ATH$11.17
ATH Date11/20/2021, 7:49:03 PM
ATL$0.159951
ATL Date12/20/2022, 1:35:17 AM
Circulating Supply185M
Total Supply1B
WebsiteN/A
WhitepaperN/A
Popularity Rank189
Chart
What is Yield Guild Games?

Yield Guild Games (YGG) is a revolutionary play-to-earn gaming league that brings players together through a blockchain-based economy, allowing them to earn from playing NFT games. This Decentralized Autonomous Organization (DAO) aims to create a virtual world that maximizes the utility of its assets and shares the profits with its token holders. Unlike traditional gaming companies, YGG operates as a community-driven entity with no central authority.

YGG has brought yield farming to game economies by combining NFTs (non-fungible tokens) and DeFi (decentralized finance) systems to add value to both virtual worlds. Yield farming is a process of staking crypto assets and providing high returns as additional cryptocurrency. This innovative approach allows players to earn real-world value from their virtual activities.

The vision of YGG is to build and own assets in the metaverse, which is a digital platform that combines aspects of online gaming, virtual reality, augmented reality, and cryptocurrencies to let users interact virtually. By creating a metaverse that is owned and controlled by its community, YGG aims to increase the value of its members in the virtual environment.

To achieve this vision, YGG offers multiple activities, such as allowing the community to vote or pass proposals to show engagement in the DAO, producing revenue by trading or exchanging the YGG-owned NFT assets, and developing a community of play-to-earn participants who can compete to collect rewards in the games.

According to the whitepaper, the value of YGG is derived from the yield obtained from treasury assets, rewards achieved from raids, esports, sponsorships, treasury farming activities, subscription fees, and merchandise sales. The value of all YGG activities is reflected in the diluted market capitalization of the governance tokens of YGG.

The YGG token serves as the native utility and governance token of the Yield Guild Games platform. It can be used for various purposes, such as staking to get rewarded for overall activities and exclusive content, participating and voting in the DAO, paying for the services of the network, and subscribing to exclusive merchandise.

YGG is also launching a subDAO (sub-Decentralized Autonomous Organization) to control specific game activities and assets. The subDAO acquires all assets owned and managed by the YGG treasury via a multi-signature hardware wallet. A portion of the subDAO tokens can be proposed to the community for voting.

YGG was founded in 2018 by Gabby Dizon and Beryl Li, and the total supply of the YGG token is one billion. With its innovative approach to the metaverse and gaming economies, YGG is poised to revolutionize the way we interact and earn value in virtual worlds.

In a nutshell, YGG is a play-to-earn gaming league that utilizes blockchain technology, NFTs and DeFi systems to build a community-driven metaverse where players can earn real-world value from their virtual activities. It is an innovative platform that combines online gaming, virtual reality, augmented reality and cryptocurrencies. YGG's vision is to build and own assets in the metaverse and increase the value of the guild members in the virtual environment. YGG token is the native utility and governance token of the Yield Guild Games platform, and it is used for various purposes, such as staking to get rewarded, participating and voting in the DAO, paying for the services of the network and subscribing to exclusive merchandise. It is founded by Gabby Dizon and Beryl Li in 2018, with a total supply of one billion YGG.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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