Yield Guild Games (YGG) - a decentralized autonomous organization (DAO) that invests in non-fungible virtual world tokens (NFTs).
Contents:
Description of Yield Guild Games (YGG)
The goal of the organization - to develop the world's largest virtual economy, optimize its assets to maximize utility and share revenue with its stakeholders. In decentralized games, Yield Guild Games has created a community of players and investors who earn money by investing in NFTs, used in blockchain-based virtual worlds and games. People have become more willing to participate in play-to-earn games due to the pandemic, which has helped the platform to grow in popularity.
The company behind Yield Guild Game - a Manila-based game studio, founded by Gabby Deason, part of the team that launched the Axie Infinity and Yearn Finance communities. Beryl Li and Owl of Moistness co-founded Game Studios. Beryl Lee - an entrepreneur, a graduate of the University of Cambridge who also served as President of the Cryptocurrency Society in 2016. She is also the co-founder of CapchainX and a licensed financial advisor. Owl of Moistness is a blockchain developer - he has built algorithms for many bots and NFTs, including Axie Infinity. Today, the Yield Guild Game team has grown to over 20 people, led by Nolan Manalo.
Project uniqueness
The mission of the organization — to create the largest virtual world economy, optimize its community-owned assets for maximum utility and share the profits with token holders. The long-term goal of Yield Guild Games — to build the world's largest virtual economy in the field of cryptocurrencies.
The developers think that Yield Guild Games will use its accelerated growth and value creation to optimize its community-owned assets for "maximum utility" by sharing profits with YGG token holders.
Some features of the project:
| Startup | Decentralized gaming startup Yield Guild Games (YGG) sold all 25 million of its native tokens at breakneck speed. |
| Income | The main income of the DAO comes from the direct or indirect use of NFT assets, owned by YGG, through a rental scheme, where guild members use the assets in exchange for a portion of the gaming rewards, going directly to YGG. |
| Assets | With regard to game assets such as land, third parties (non-guild members) can earn income by carrying out economic activities on this game land. |
YGG created a subDAO to host the resources and activities of a specific game. Assets in the subDAO are bought, owned and controlled by the YGG treasury through a multi-signature hardware wallet (multisig) for maximum security. The community of players will be able to use assets by using smart contracts. In June 2021, the project also raised $4 million in funding, led by Bitkraft Ventures with participation from ParaFi Capital.
Platform tokenomics
To support the YGG community, the gaming startup has allocated 45% of the total token supply of one billion tokens. According to the company, the tokens will be distributed gradually over four years. The best cryptocurrency exchanges to trade Yield Guild Games stock are:
- Binance;
- OKX;
- FTX;
- Bitget;
- Mandala Exchange.
In addition, about 40% of the tokens will be distributed to investors and founders, while the remaining 15% will go to the company treasury and advisors.