Last updated 23/06/2022
Official Website: https://yieldguild.games/
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that invests in non-fungible virtual world tokens (NFTs). The organization’s goal is to build the world’s largest virtual economy, optimize for maximum utility, and share profits with its stakeholders.
Yield Guild Games has developed a community of gamers and investors who profit from investing in NFTs, which are utilized in virtual worlds and blockchain-based games. The pandemic increased interest in play-to-earn games, which assisted in the platform's rise in popularity. In order to introduce yield farming to game economies and enhance the value of these virtual worlds, YGG combines the best aspects of the non-fungible token (NFT) and decentralized finance (DeFi) spaces.
The DAO's primary revenue comes from directly or indirectly leveraging YGG-owned NFT assets through a rental scheme in which guild members use the assets in exchange for a portion of the in-game rewards going directly to YGG. Third parties (non-guild members) can generate revenue on in-game assets such as land by conducting economic activities on that in-game land. NFT ownership will benefit from an increase in the economic worth of the in-game asset, as reflected in the open market value of its NFT.
The game also contains a play-to-earn feature, where users receive native tokens for in-game activity. Gamers often represent the earliest adopters of any new technology, and YGG is positioned to recruit and convert non-crypto gamers into crypto gamers.
Trading of the Yield Guild Games, which is an ERC-20 token, began on July 27, 2021.
In 2018 a gaming industry veteran Gabby Dizon decided to lend his own Axies to other Axie Infinity players who didn’t have any financial means to buy their own. It two years' time it was clear how this was helping Filipinos to create another source of income during the pandemic while spending their time on something they enjoyed.
This stirred the idea to create a global network of players and investors who would help each other get started with NFT games. To make that possible, fintech entrepreneur Beryl Li and developer Owl of Moistness joined Gabby as co-founders and YGG was brought to life.
As of today, there are over 20 members, including Nolan Manalo, that are part of Yield Guild Games (YGG).
Popular among traders and gamers - Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
Another option where you can store your Yield Guild Games (YGG) is in MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to your MetaMask wallet.
You can Buy & Sell Yield Guild Games (YGG) by heading over to the Buy Coins page of our website. Yield Guild Games (YGG) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $YGG has never been easier, simply place your order and provide your wallet address. Once your payment arrives Yield Guild Games (YGG) will be sent directly to your wallet.
If you choose to Sell Yield Guild Games (YGG) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.