YGG is a pioneer among Web3 gaming guilds, allowing players to start their blockchain gaming journey right away
Yield Guild Games (YGG), an active contributor to blockchain gaming, has YGG tokens to support the operation of its Decentralised Autonomous Organisation (DAO). The DAO is made up of tens of thousands of gamers, and that number is still growing. YGG acquires game assets so that its community of gamers can have access to them and play the best web3 games available.
- What is Yield Guild Games?
- The Yield Guild Games business model explained
- What is YGG token?
- What does the future hold for YGG
What is Yield Guild Games?
Yield Guild Games (YGG) is a decentralized network of gaming guilds focused on blockchain games and web3 education. Dedicated to onboarding millions to the open metaverse, the guild acquires game assets for its community of gamers to enjoy.
Participants in the DAO are made up of its community members. The DAO’s mission is to enable access to NFT assets that the community can use, so they can receive rewards from active participation.
The Yield Guild Games business model explained
YGG has allowed people from all over the world to play web3 games and access NFT assets, which includes non-crypto natives who are curious about web3 games to esports players who want to compete with the highest-quality assets at a competition. However, with the change in market conditions, the guild is placing greater emphasis on creating opportunities for its community, reflecting the demands of the general market.
Primarily, YGG’s main focus is on building products around a web3-native user acquisition and distribution system built on top of its community, such as the Guild Advancement Program and Reward Vaults. Further, the guild’s focus on community ties closely with esports-related initiatives, including hosting offline and online tournaments, as well as complementary events around these competitions.
YGG also offers a suite of advisory services and sponsorship packages for game companies, infrastructure and brands who want to get into the metaverse.
YGG offers NFTs to new players so that they can start playing immediately without any upfront costs, scaling up the scholarship model to a larger user base. Under this model, players receive most of the proceeds, while YGG takes 10%.
YGG’s ecosystem has formed a strong network of partnerships with games, infrastructure projects and guilds, and has acquired assets in various web3 games for its community. In addition to Axie Infinity, Aavegotchi, Star Atlas, Guilds of Guardians, Illuvium, and many more within its partnership network.
What is YGG token?
As a DAO, Yield Guild Games has its own governance token, the YGG token. This token can be used to vote on decisions such as business development and rewards distribution. There will be 1,000,000,000 YGG tokens minted in aggregate, with 45% of the token supply going to community members.
YGG token value
The value of the YGG token is positively correlated with YGG‘s ecosystem expansion and business activities. YGG generates funds from in-game asset rentals, sponsorships and token staking. The guild spends many of the rewards derived from its game partners into those same games, taking a long-term view to the value of these games in general and to the YGG community.
But it’s worth noting that as the metaverse gaming economy grows, it will have a multiplier effect on the value of YGG.
At the time of writing, YGG tokens are trading at $0.31, up 90% in 30 days.
YGG tokens can be used for the following:
- YGG Staking can receive rewards generated from users’ in-game activities.
- Staking also unlocks exclusive content and exclusive merchandise;
- Staking YGG grants voting rights;
- Holders can use YGG tokens to pay for services in its network.
What does the future hold for YGG
While NFT-powered blockchain gaming is still an emerging market, it has the potential to become a huge market and attract more users to adopt Web3. YGG can accelerate this process as it bridges the gap between games and users. Since its inception, YGG’s ecosystem has witnessed high user growth and retention rates, which is a strong testament to its business model and strategy.
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