Yield Guild Games (YGG), an active contributor to GameFi, 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 adds a variety of NFT assets to its portfolio and creates value from them using a unique business model. As a result, the community can enjoy the benefits of its ecosystem.
- What is Yield Guild Games?
- The Yield Guild Games business model explained
- What is YGG token?
- YGG token value
- Token Utility
- What does the future hold for YGG
What is Yield Guild Games?
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO). It is dedicated to creating the world’s largest virtual world economy by investing in play-to-earn (P2E) games and their in-game assets, supporting millions of P2E players, and building tools that will empower the future of metaverse gaming.
Participants in the DAO are the owners and managers of the entire YGG ecosystem. Their missions are to optimize their community-owned assets for maximum utility and share the profits from these assets with YGG token holders.
The Yield Guild Games business model explained
Many P2E games require players to acquire in-game assets, such as NFT characters or props before they can start playing. As these games become more popular and the demand for assets outstrips the supply, the price of such assets could rise and become unaffordable for players.
YGG’s business model aims to solve this problem by acquiring various NFT assets from different P2E games and renting them out to players who need the initial assets. Then, the players need to split the in-game revenue generated using their rented assets with YGG.
For example, to participate in Axie Infinity, players need some NFT digital pets called Axie. These NFTs can be used to farm SLP tokens in the revenue game. Players without initial capital can rent Axies or apply for a ‘scholarship’.
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 P2E ecosystem has formed a strong network of partnerships, and it has invested in various decentralized games and their in-game assets. In addition to Axie Infinity, Avaagotchi, 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. In nature, its yields are from partnered projects and revenue-generating activities from those projects. Specifically, the value will stem from YGG’s activities in NFT asset rentals, merchandise, esports, and NFT minting or production activities.
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.
Token utility
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 GameFi 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 and focuses on maximizing the efficiency of in-game NFT assets. 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.
Learn more about YGG:
- Website
- Discord
- Whitepaper
