Buy Yield Guild Games (YGG)
What is Yield Guild Games?
Yield Guild Games (YGG) is a decentralised autonomous organisation (DAO) that focuses on investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games. It operates as a play-to-earn gaming guild on the Ethereum network. The mission of YGG is to build the world's largest virtual economy by optimising the utility of community-owned assets and sharing the profits with its token holders.
How does Yield Guild Games work?
Yield Guild Games works by leveraging blockchain technology, specifically on the Ethereum network, to invest in NFTs and facilitate play-to-earn gaming experiences. Through smart contracts, YGG manages these NFTs, allowing for secure and transparent ownership and exchange. YGG also integrates with layer-2 solutions like Base, enhancing scalability for its Onchain Guilds platform. The DAO structure of YGG enables community governance where token holders can propose and vote on key decisions affecting the guild.
What are the potential use cases for Yield Guild Games?
Potential use cases for YGG include:
- Play-to-Earn Gaming: Players can use YGG's assets in games like Axie Infinity, The Sandbox, and Star Atlas. Scholars can borrow these assets to earn from gameplay.
- NFT Management: YGG manages a variety of in-game NFTs which are rented to players, generating income shared with token holders.
- Staking and Rewards: Token holders can stake YGG tokens to earn a portion of the guild's revenue from its gaming activities.
- Community Building: YGG supports scholarship programs and exclusive access to gaming content, nurturing a global community of players and investors.
What is the history of Yield Guild Games?
Yield Guild Games was co-founded in 2020 by Gabby Dizon, Beryl Li, and Owl of Moistness. Gabby Dizon's experience in gaming and the lending of NFTs since 2018 spurred the creation of YGG. Throughout its history, YGG has established significant partnerships with games like Axie Infinity and expanded to a large membership base. In 2021, it raised $4.6 million from Andreessen Horowitz to bolster its operations. As of March 2022, YGG was one of the largest gaming guilds with over 20,000 members and a robust system for integrating NFTs into play-to-earn ecosystems.
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Frequently Asked Questions (FAQs)
What is the current price of Yield Guild Games (YGG)?
The Yield Guild Games price is $0.82354037 AUD, representing a -0.95% from the day prior.
Where is the best place to buy Yield Guild Games (YGG) in Australia?
The best place to buy Yield Guild Games (YGG) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Yield Guild Games (YGG) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Yield Guild Games (YGG)?
The trading volume of Yield Guild Games (YGG) is $67.3M AUD in the last 24hrs, representing a -0.95% from the day prior.
How can I buy Yield Guild Games (YGG)?
Yield Guild Games (YGG) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Yield Guild Games (YGG)?
The current market cap of Yield Guild Games (YGG) is $334.3M AUD.
Can I convert Yield Guild Games (YGG) to cash?
Yes - With Coinstash you can convert your Yield Guild Games (YGG) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Yield Guild Games (YGG) are there?
The current circulating supply of Yield Guild Games (YGG) is 410.5M.
Is Coinstash a safe place to buy Yield Guild Games (YGG) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Yield Guild Games (YGG) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.