Yield Guild Games (YGG) is a notable player in the GameFi sector, particularly in the play-to-earn (P2E) space. The platform has gained prominence by collaborating with top games and having prominent GameFi personalities on its team.
Yield Guild Games operates as a decentralized autonomous organization (DAO), utilizing blockchain technology to enable users to earn income by playing and participating in blockchain-based games. Central to the ecosystem is the YGG token, which is essential for platform operations and governance.
What is Yield Guild Games
Yield Guild Games (YGG) is a DAO that supports blockchain-based games utilizing non-fungible tokens (NFTs). The organization's vision revolves around fostering a community of players who can earn a livelihood while enjoying their time in these metaverses. Yield Guild Games' strength lies in its capability to provide players with essential resources to kickstart their P2E journey, eliminating the initial financial barriers many encounter.
The Yield Guild Games team
The Yield Guild Games team is led by its co-founders, Gabby Dizon, Beryl Chavez Li, and Twitter user Owl of Moistness. Each co-founder contributes a distinct blend of experiences and skills, encompassing game development, blockchain technology, community building, and venture capital expertise.
How does Yield Guild Games work
Yield Guild Games (YGG) is made up of multiple SubDAOs, which are groups of players from specific NFT games. Each SubDAO has its own set of rules to manage the assets of their respective play-to-earn (P2E) game. This model enables players from each DAO to rent out their NFTs so others can gain access to P2E games and earn rewards. In return, those who loan their NFTs gain a share of the earnings, creating a mutually beneficial arrangement. All NFTs and digital assets on the YGG platform are stored within the YGG treasury, which the community controls.
Yield Guild Games’ native token: YGG
YGG serves as the DAO's governance token, allowing holders to vote on various proposals concerning the guild's operations. The token is also used to reward players and contributors, making it an integral part of the YGG ecosystem.
YGG tokenomics
YGG operates on an Ethereum-based ERC-20 token model. The token's primary use is for governance and rewards within the YGG community. It has a max supply of 1 billion tokens, aiming to gradually distribute them over time to maintain a healthy, sustainable economy within the ecosystem.
YGG use cases
YGG token holders can participate in the decision-making process of the Yield Guild Games ecosystem, voting on various proposals, including strategic decisions and asset acquisitions. The YGG token also serves as a rewards mechanism within Yield Guild Games. Players who contribute to the ecosystem by playing games, completing tasks, or participating in community activities can earn YGG tokens.
Distribution of YGG
YGG is distributed as follows:
- 45 percent to the community
- 15 percent to the founders of YGG
- 24.92 percent to investors of the project
- 1.75 percent to advisors
- 13.33 percent to the treasury
Yield Guild Games’ future expansion plans
Yield Guild Games has ambitious plans to broaden its presence and take a leading role in emerging gaming markets, including newer metaverses. To enhance earnings opportunities for gamers, Yield Guild Games is actively developing new products and services. For instance, a yield farming platform is in the works, enabling gamers to earn interest on their gaming assets. Additionally, Yield Guild Games is creating a guild management platform to facilitate efficient asset and operations management for guilds.
