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.
