In the era of digital transformation and blockchain technology development, more and more projects are emerging that unite gamers, investors, and cryptocurrency enthusiasts. One such project is Yield Guild Games (YGG) — a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs) and provides players with the opportunity to earn in Play-to-Earn games. Founded in 2020, YGG quickly became one of the leaders in the Web3 gaming sector, bringing together thousands of players worldwide and offering unique opportunities for earning and development in virtual worlds.
Contents:
- History and Mission of Yield Guild Games
- DAO Structure and the Role of SubDAO
- YGG Token: Functions and Opportunities
- Project Partnerships and Integrations
- Impact on the Global Community and Development Prospects
- Conclusion
History and Mission of Yield Guild Games
Yield Guild Games was founded in 2020 by three enthusiasts: Gabby Dizon, Beryl Li, and a developer under the pseudonym Owl of Moistness. The idea for the project arose from the need to provide access to Play-to-Earn games for players unable to afford expensive NFTs. Gabby Dizon began by lending his NFTs to other players in Axie Infinity, enabling many Filipinos to earn during the pandemic. This became the foundation for creating a global guild uniting players and investors worldwide.
YGG’s mission is to create opportunities for people around the world through Web3 games. The project strives to provide equal access to games, education, and earnings by bringing players together into communities and supporting their development. YGG actively invests in NFTs, virtual lands, and other gaming assets, leasing them to its members, thus lowering barriers to entry into the Play-to-Earn world.
DAO Structure and the Role of SubDAO
Yield Guild Games operates as a decentralized autonomous organization (DAO), governed by the community through smart contracts on the Ethereum blockchain. A unique feature of YGG is the existence of SubDAOs — sub-guilds focused on specific games or regions. Each SubDAO has its own rules and assets, allowing members to focus on certain areas and maximize income.
Guild members can obtain a Guild Badge — an NFT confirming membership in YGG. This grants access to various opportunities within the guild, including participating in quests, renting NFTs, and interacting with other community members. Additionally, YGG offers programs such as the Guild Advancement Program (GAP) and Superquests to help members develop skills and build their reputation within the Web3 space.
YGG Token: Functions and Opportunities
The YGG token (Yield Guild Games) is a key element of the YGG ecosystem, performing multiple functions from DAO governance to encouraging participant activity. It ensures decentralized management, motivates players and investors, and serves as a tool for earning within the Web3 gaming framework.
Main functions of the YGG token:
- DAO Governance: YGG holders can participate in voting and decision-making affecting the development of the guild, including investments, partnerships, and resource distribution.
- Staking and Rewards: Users can stake tokens in special vaults, such as The Stake House, to receive additional rewards. Active participation in quests and programs like the Guild Advancement Program (GAP) can increase the reward multiplier.
- Payment for Services: The token is used to pay for various services within the YGG network, including access to exclusive content and events.
- Access to Content: Holders of YGG can unlock exclusive content and features, such as special channels in Discord and participation in private events.
- Investments and Income: The token is used to invest in NFTs and other gaming assets, providing opportunities to earn from their use and value appreciation.
Thus, the YGG token fulfills multiple functions, enabling decentralized governance, stimulating participant activity, and providing earning opportunities within the Yield Guild Games ecosystem. Its multifunctionality makes it an essential tool for all guild participants, from players to investors.
Project Partnerships and Integrations
Yield Guild Games is actively expanding its ecosystem through collaborations with leading projects in the Web3 and blockchain gaming sectors. Partnerships expand opportunities for participants, granting access to new games, technologies, and additional income streams. Key partnerships include:
| Partner | Partnership Description |
|---|---|
| Immutable | A program with a $1 million prize pool to incentivize players participating in quests. |
| Human AIx Alliance | Participation in an alliance to develop a decentralized and human-centric AI infrastructure. |
| Sapien | Integration of a data labeling game where users earn through gamified tasks. |
| Navigate | Partnership with a Web3 big data platform to create a user-governed internet. |
These strategic alliances strengthen Yield Guild Games’ position in the market, supporting its mission to promote a decentralized gaming future. Thanks to such integrations, community members gain new opportunities for growth and development within the Web3 ecosystem.
Impact on the Global Community and Development Prospects
Yield Guild Games has a significant impact on the global community, especially in developing countries where Play-to-Earn offers real earning opportunities. An example is the Philippines, where many players were able to secure an income by playing Axie Infinity and other games through YGG.
The project is also actively developing educational programs and initiatives aimed at teaching and involving new participants in the world of Web3 gaming. With the expansion of partnerships and the introduction of new technologies such as AI and big data, YGG continues to strengthen its position as a leading Play-to-Earn guild.
Conclusion
The active development of Web3 gaming is opening new opportunities for millions of players worldwide. Through investments in NFTs, educational programs, and partnership initiatives, participants gain access to resources necessary for growth and earnings in virtual economies. Yield Guild Games plays an important role in this transformation, uniting the community around the idea of a decentralized future and creating conditions for the development of new generations of players and developers.
