YAY Network is a decentralised venture studio and over-the-counter (OTC) marketplace that focuses on secondary market trading for future token allocations. It aims to empower investors by providing access to high-quality opportunities and skills necessary for achieving financial independence.
YAY Network operates on both Ethereum and Arbitrum blockchains using a Proof of Stake (PoS) consensus mechanism. It leverages ERC-20 standards for token issuance, integrating smart contracts to handle transactions and operations within its ecosystem. The network offers a governance token (YAY) and a utility token (EMPL), each with specific roles and distribution mechanisms.
The potential use cases for YAY Network include:
YAY Network originated as YAY Games, a gamefi/play-to-earn platform, and rebranded itself as YAY Network in 2023 to focus on web3 business fundraising and acceleration. The founding team consists of industry veterans, including Guilherme Jovanovic, who played a significant role in its rebranding. The network has launched new business units to support its strategic shift, including marketing support and lead generation services.