Yield Guild Games is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs) in the digital world.
Yield Guild Games (YGGs) is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs) in the digital world. The goal is to optimize assets to develop the world’s largest digital economy, maximize utility, and share revenues with stakeholders.
Yield Guild Games is a game platform where you earn money as you play. It is structured as a decentralized autonomous organization and allows players to profit by investing metaverse resources.
Yield Guild Games (YGG) cleverly combines immutable tokens (NFTs) with decentralized finance (DeFi) to deliver an innovative new gaming model. With the YGG token, participants get incentivized in the Metaverse through a bounty program and management voting processes.
This project is managing a treasury of gaming-related NFT, some digital assets, and virtual land plots to get used to gain profits for themselves and to the platform.
Founded by Gabby Dizon and Beryl Li in November 2020, the project has a bold long-term vision. According to the vision set, it aims to create the world’s largest virtual economy, which will one day be equivalent to the real-world economy.
What is Yield Guild Games (YGG)?
In decentralized games, Yield Guild Games has created a community of players and investors that make money by investing in NFTs used in digital worlds and blockchain-based games. Due to the pandemic, which has helped increase the popularity of this platform, people have become more willing to participate in play-to-wins.
The income of the DAO comes from leveraging NFT assets owned directly or indirectly by YGG through a leasing scheme where guild members use their assets in exchange for some of the in-game rewards going to YGG. For an in-game possession such as land, third parties (non-guild members) can generate income by conducting economic activities on that in-game land.
NFT ownership will profit from an increase in the economic value of the in-game asset, which gets reflected in the NFT in the open market. The game also includes a play-to-win feature where users get local tokens for in-game activity.
The company behind Yield Guild Game is a Manila-based game studio founded by Gabby Dizon, who was part of the team that started Axie Infinity and Yearn Finance Communities. Beryl Li and Owl of Moistness founded the Game studio. Beryl Li is an entrepreneur. He is a Cambridge University graduate and has served as the President of the Cryptocurrency Society in 2016.
Yield Guild Games Coin review
Both NFTs and Blockchain-based games have become quite popular lately. Therefore, platforms and cryptocurrencies operating in this field also attract attention. For this reason, YGG can be considered a cryptocurrency that attracts attention.
What is YGG Coin?
In the virtual land-based economy, players get rewards of local tokens, allowing them to vote and participate in DAO-related activities during in-game competitions. YGG Coin can get used in any or all of the following ways:
- Betting for token rewards,
- Betting for access to exclusive content,
- Using it as a payment method within the network.
YGG’s protocol is under automation of the Smart Contracts instructed by a governance voting consensus within the decentralized autonomous organization (DAO). Users can play competitively on the Metaverse to collect in-game rewards and earn income through the rental or sale of NFT assets owned by YGG.
Therefore, DAO’s primary income comes from leveraging NFT assets owned directly or indirectly by YGG through a leasing program where platform members use the assets in exchange for a portion of in-game rewards.
YGG players are called scholars and can stake their YGG tokens in any number of vaults. Each vault represents token rewards from one or all platform revenue sources.
Rewards from the vaults are paid to scholars based on the proportion of tokens deposited by each platform member and the current income generated by the scholar assigned to the vault.
In addition, there are safes dedicated to all income-generating platform activities for those who want to benefit from all income sources. This issue includes trading and leasing NFT, other digital assets, and income generated during the game.
Is limited access a problem for Yield Guild Games?
YGG is the native token of the Yield Guild Games ecosystem. It is a relatively new project that appeared in November 2020. This matter means it is on a journey to better adoption. Yield Guild Games is a factor to consider in price analysis, as the increased altcoin could drive the price up.
A cryptocurrency like YGG is a disruptive financial technology. However, some technological barriers can affect the cryptocurrency ecosystem. Also, keep in mind that the cryptocurrency market is still evolving and volatile.
Is YGG Coin a good investment?
Algorithm-based prediction service Wallet Investor offers positive predictions for the future of Yield Guild Games. Digital Coin Price also offers positive forecasts for YGG coins. Average $15.62 in 2022, $19.33 in 2023, $23.04 in 2024, $26.52 in 2025, $31.2 in 2026, average 35 in 2027 $.8 and predicts it will reach an average of $40.46 in 2028.
Financial analyst Milko Trajcevski believes that the value of the altcoin could rise. The project aims to create a stable gaming world economy by maximizing the rewards of all token holders. However, YGG has gathered thousands of players in the win-as-you-play industry.