The YGG price update as of now is $0.4574. In the previous 24 hours, its trading volume was $39,790,617, and its value has decreased by -4.26%. As of now, YGG's live market cap is $457,440,584, and it is ranked as the #2270 on the Coincu. YGG has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

Exploring Yield Guild Games (YGG)

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that focuses on investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games.

The concept of YGG originated from the success of Axie Infinity, a game that introduced the play-to-earn concept with its Small Love Potion ($SLP) token. Players can earn $SLP by winning matches and exchange it for ETH or other tokens on Uniswap.

During the COVID-19 pandemic, playing Axie became a viable source of income for individuals in countries with high unemployment rates. In some cases, playing Axie Infinity proved to be more profitable than traditional full-time jobs.

The Unique Features of Yield Guild Games

What Are the Goals of the Project?

• Investing in high-yield NFTs in the Metaverse
• Building a global play-to-earn gaming economy
• Generating revenue through NFT operation and rental
• Promoting community participation in the guild

YGG aims to scale the play-to-earn concept and bring its benefits to millions of gamers worldwide. Unlike other DeFi projects that primarily attract wealthy individuals, YGG focuses on helping people start playing games and earning money in the new Metaverse economy.

What Sets Yield Guild Games Apart?

Yield Guild Games manages a diverse collection of game-related NFTs, digital assets, and virtual land parcels. In addition to Axie Infinity, YGG is actively invested in games such as League of Kingdoms, F1 Delta Time, The Sandbox, Star Atlas, Iluvium, Zed Run, Guild of Guardians, Ember Sword, and Splinterlands.

Introducing YGG Vaults

YGG introduces a unique approach to DeFi through its YGG Vaults. These vaults represent different revenue streams for the guild and can be staked with YGG tokens. Rewards from the vaults are distributed based on the proportion of tokens staked by each guild member and the current revenue generated by the assigned source.

YGG offers a vault that encompasses all income-generating guild operations, providing exposure to various revenue streams, including earnings from playing, selling, and renting NFTs and other digital assets.

Exploring SubDAOs

YGG utilizes SubDAOs, which are subsets of the YGG DAO focused on specific games' operations and assets. Each SubDAO is dedicated to a particular game, such as Axie Infinity, League of Kingdoms, or Zed Run. Token holders in a SubDAO become citizens of the game and work together to maximize their collective yield.

SubDAOs streamline the DAO's tasks by compartmentalizing them, enhancing overall efficiency. YGG incentivizes SubDAO participation, rewarding individual members for their contributions to the overall DAO's success.

Engaging Community Programs

Yield Guild Games prioritizes community engagement and allocates up to 45% of YGG tokens for community activities. These activities include airdrops, guild achievement awards, and special incentives for game wins.

YGG also operates a scholarship program, providing NFTs relevant to gameplay to members who cannot afford to purchase their own. In return, scholarship awardees share their in-game earnings with the guild, contributing to its overall success.

The YGG Token and Sale

The YGG token allows investors to participate in the value created by the guild, the DAO, and its SubDAOs. Token holders can engage in guild activities, such as voting on DAO-related matters. Additionally, owning YGG tokens grants access to Yield Guild's extensive NFT collection and the achievements of those who utilize them.

Looking Ahead: The Roadmap

YGG is currently in Phase 1 of its roadmap, which focuses on the token launch. In the short term, users will be able to farm or rent NFT assets. YGG plans to create a smart contract or a database to track ownership and rental assets, enabling economic activity within virtual worlds.

YGG aims to develop a rental marketplace and expand its scholarship program to other NFT holders. Non-collateralized lending options will also be available to YGG members.

To learn more, visit Yield Guild Games.