Yield Guild Games (YGG)

Yield Guild Games (YGG)

Rank #373

$0.255616

11.65%

0.000012 BTC

YGG
USD

MARKET CAP

$47.39M

ALL TIME HIGH

$11.50

VOLUME 24H

$25.42M

CIRC. SUPPLY

185.395M

VOL/MCAP

54.00%

TOTAL SUPPLY

1B

DILUTED MCAP

$255.616M

MAX SUPPLY

1B

1H USD

0.23%

24H USD

11.65%

7D USD

41.07%

30D USD

29.23%

60D USD

16.61%

90D USD

0%

Tag:

collectibles-nftsgamingentertainmentdaoView all

Yield Guild Games Price Chart

24h Change

11.65 %

Yield Guild Games - YGG Profiles

What is Yield Guild Games (YGG)?

Yield Guild Game (YGG) is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs), which are utilized in virtual worlds and blockchain-based games.

The concept arose from witnessing how Axie Infinity popularized the concept of play-to-earn with the release of the Small Love Potion ($SLP) token, an in-game resource acquired by winning matches. Because $SLP is an ERC20 token, it may be swapped for ETH or other tokens in Uniswap before being cashed out for money.

The real test for this new concept came when the COVID-19 outbreak struck, and people with no prior knowledge of cryptocurrency began signing up for Axie in the hopes of earning some money. Playing Axie became a viable, alternative source of income in the Philippines and other nations suffering from significant unemployment during the COVID-19 crisis. In many circumstances, playing Axie Infinity can even be more profitable than working full-time in various impoverished countries throughout the world!

Outstanding Features

What is the project trying to achieve?

  • Invest in the best yield producing NFTs in the Metaverse;
  • Build a global economy of play-to-earn gamers;
  • Produce revenue by operating and renting NFTs;
  • Encourage community participation in the guild.

YGG intends to scale this basic concept and deliver play-to-earn to millions of gamers worldwide, giving the benefits of blockchain technology to those who need it the most. While most Defi initiatives raise billions of dollars in total value locked (TVL) from a very small number of wealthy individuals, their goal is to assist the rest of the world in getting started with playing games and earning money for their contributions to the new Metaverse economy.

What is the unique selling point?

Yield Guild Game manages a treasure mine of game-related NFTs, digital assets, and virtual land parcels that members can employ to increase their earnings and the guild’s earnings. Other games in which Yield Guild is actively invested, in addition to Axie Infinity, are as follows:

  • League of Kingdoms
  • F1 Delta Time
  • The Sandbox
  • Star Atlas
  • Iluvium
  • Zed Run
  • Guild of Guardians
  • Ember Sword
  • Splinterlands

YGG Vaults

Traditional DeFi systems involve staking tokens to earn more tokens at a fixed interest rate or staking tokens in a “liquidity pool” to receive a part of collected revenue. The YGG DAO will operate in a unique manner in that its tokens can be staked into any number of YGG Vaults. Each “vault” symbolizes one or more guild revenue streams’ token payouts.

One of the vaults, for example, could be dedicated to cash generated by the breeding and sale of Axies, the central NFT necessary to play Axie Infinity. Another vault would be used to distribute revenue generated by NFT rents. Vault rewards will be distributed as follows: the proportion of tokens staked by each guild member, as well as the current money generated by the vault’s assigned source.

There will also be a vault representing all income-generating guild operations for individuals who want to be exposed to the full range of revenue streams. This covers not only cash earned while playing, but also the sale and renting of NFTs and other digital assets.

Yield Guild Game
Source: Yield Guild Game

SubDAOs

A SubDAO is a subset of the YGG DAO that focuses on a certain game’s operations and assets. For example, there will be one SubDAO dedicated to Axie Infinity players, another to League of Kingdoms players, another to ZED RUN players, and so on.

Token holders in a SubDAO become citizens of the game, participating and cooperating to maximize their collective yield generated by games. They can also employ DAO treasury assets to further outfit their characters, increasing their earning potential.

Because the goal of a DAO is to automate an organization’s tasks, SubDAOs expedite this process by compartmentalizing it, boosting the overall effectiveness of the DAO’s functioning. The guild will give incentives to promote SubDAO participation: the better individual members of a SubDAO perform, the more they can contribute to the overall DAO, and the more they are rewarded for their contributions.

Yield Guild Game
Source: Yield Guild Game

Community Programs

Yield Guild built its DAO and token distribution with the community in mind. Up to 45 percent of all YGG tokens will be distributed to community activities such as airdrops, guild achievement awards, and special incentives for game wins.

Yield Guild also contributes to the community through its scholarship program. Yield Guild scholarships, a defining characteristic of the guild, lend NFTs relevant to gameplay to members who cannot afford to buy their own. Scholarship awardees, in exchange, share their in-game earnings with the guild, adding to its general success.

Yield Guild Game
Source: Yield Guild Game

YGG Token and Sale

The Yield Guild Games token (YGG) allows investors to participate in the value created by the guild, the DAO, and its collective SubDAOs. It also exposes the community to Yield Guild’s extensive NFT collection as well as the triumphs of those who use them. Owners of YGG tokens can participate in guild activities such as voting other DAO-related activities.

Yield Guild Game
Source: Yield Guild Game

Roadmap

image 18
Source: Yield Guild Game

*According to Discord YGG’s Community, the project is still on Phase 1- Token Launch of the Roadmap

In the short term, users may be able to farm or rent NFT assets. However, because the present ERC-721 standard does not provide such functionality, it will need to be centralized. YGG will create a smart contract to issue ownership tokens or a database to track ownership and rental assets. The latter is a less expensive choice because no gas is required.

The provision of smart contract-based NFT lending and delegation in the future will allow economic activity within virtual worlds to flourish and evolve. While YGG will seek to achieve this in a trustless way, in the short term, social coordination via the DAO will be employed to achieve YGG’s goals until smart contracts can govern these activities.

YGG will develop a rental marketplace to offer up its scholarship program(s) to other NFT holders after generating considerable treasury growth and automating rentals through their scholarship program. Other types of non-collateralized lending will be available to YGG members.

Read more: CLICK HERE

People

We found 5 people related to ygg-yield-guild-games, include CFO / Co-founder Beryl Li

Organizations

We found 10 organizations related to Yield Guild Games has Ascensive Assets, Bitscale Capital, Delphi Digital, Animoca Brands, Scalar Capital, Mechanism Capital, BlockTower Capital, Yield Guild Games, Polymath Network, Fabric Ventures

Yield Guild Games Price Live Data

YGG Price

$0.255616

Trading Volume

$25.42 M

All Time High

$11.50

1hour Change

0.23%

24hours Change

11.65%

24hours Range

11.65%

24hours Low

$3.81

24hours High

$4.09

Liquidity ±2%

$878.25 B

Bids -2%

$878,245.00

Asks +2%

$357,602.00

Market Cap

$47.39 M

Fully Diluted Market Cap

255.62 M

Circulating Supply

185.40 M

Total Supply

1.00 B

Max Supply

1.00 B

Yield Guild Games Markets

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