Yield Guild Games (YGG) has announced the creation of a new Onchain Guild and the allocation of 50 million YGG to fund the ecosystem. These funds will be used to explore revenue generation strategies.
Creation of Onchain Guild
The new Onchain Guild structure from YGG is fully decentralized. It will use guild assets exclusively for private transactions and does not accept third-party capital. The aim of the guild's creation is to develop revenue generation strategies for its members.
Structure and Management
The ecosystem funding pool will be managed by YGG Corporate Development Manager Serge-Raymond Nzabandora and Head of Corporate Development Andy Chou. This will facilitate more active management of treasury assets and strategic use of these resources to strengthen the ecosystem's financial foundation.
Market Reaction
Following the announcement of the new guild creation, the price of the YGG token saw an increase of approximately 4%. This indicates a positive market reaction to YGG's initiatives.
The establishment of the new Onchain Guild and the allocation of 50 million YGG demonstrate Yield Guild Games' commitment to enhancing and strengthening its ecosystem, which may have a significant impact on future guild opportunities.
