<p><a href="https://listing.help/what-is-p2e-gaming-top-7-play-to-earn-nft-games/" rel="noopener noreferrer nofollow">Play-to-earn</a> gaming  has become a significant trend in the blockchain space. As games  introduce their own tokens and nonfungible tokens (NFTs), they are  attracting both players and investors. This trend is further evolving  with the rise of gaming guilds, which offer benefits to gamers,  investors, and the wider community.</p><p>Yield Guild Games (YGG) is a Decentralized Autonomous Organization  (DAO) that invests in NFTs used in blockchain games. These games are  part of a broader concept known as the <a href="https://listing.help/what-is-the-metaverse-top-10-metaverse-platforms-you-need-to-know/" rel="noopener noreferrer nofollow">metaverse</a>, encompassing digital land, assets, and more within blockchain-based virtual worlds.</p><p>The idea of building a global play-to-earn gaming community took  shape in 2018. Gabby Dizon, YGG&#39;s co-founder and CEO, noticed the  growing interest in blockchain gaming in Southeast Asia. Many gamers  wanted to play the popular NFT game Axie Infinity but couldn’t afford to  buy the in-game NFT characters called Axies.</p><p>Recognizing the potential of blockchain gaming to empower people  in developing countries, Dizon began lending his Axies to players who  couldn’t afford their own. This experience led him to co-found Yield  Guild Games with Beryl Li in 2020, aiming to support gamers in thriving  within the world of NFTs and blockchain gaming.</p><h2 id="header-0">What Does Yield Guild Games Do?</h2><p>Yield Guild Games (YGG) is a global community of gamers who unite  to pursue their shared passion for gaming and investment. Operating on a  worldwide scale, the guild helps players earn rewards in play-to-earn  titles. YGG also invests in NFTs, such as virtual land and in-game  items, which can be loaned to members, providing benefits to both the  group and the individuals.</p><p>A guild typically spans multiple games and NFTs, attracting a  diverse group of players and investors. This fosters a distinctive  community where decentralized finance (DeFi) merges with NFTs, creating a  metaverse-like economy on the Ethereum blockchain. The project operates  in a decentralized manner, governed by <a href="https://listing.help/what-are-smart-contracts-on-blockchain/" rel="noopener noreferrer nofollow">smart contracts</a>, embodying the principles of a Decentralized Autonomous Organization (DAO).</p><p>YGG isn&#39;t just one DAO; it comprises several smaller  organizations. These focus on specific games or cater to players from  particular regions. Each has its own set of rules regarding activities  and assets. This structure allows members to collaborate effectively,  maximizing their gaming rewards and, in turn, benefiting the entire  guild.</p><h2 id="header-1">What Is The YGG Token?</h2><p>The Yield Guild Games (YGG) token is an ERC-20 token that allows  holders to take part in the governance of the YGG DAO. There is a total  supply of 1 billion tokens, with 25 million YGG sold through an Initial  DEX Offering (IDO) on SushiSwap in 2021. To foster community growth, YGG  has allocated 45% of the total supply to be distributed to users  gradually over four years.</p><p>As the platform’s native token, YGG is used to pay for services  within the network. It can be staked to earn rewards in the YGG vaults  or to access exclusive content on the YGG Discord channel. Additionally,  YGG holders can submit proposals and vote on decisions about the  guild’s technology, products, projects, token distribution, and  governance structure. Suggestions that are adopted by the DAO will be  rewarded with YGG tokens.</p><h2 id="header-2">YGG Scholarships</h2><p>To optimize the utility of gaming NFTs, the YGG DAO uses a rental  program known as scholarships. This concept, initially introduced by the  Axie Infinity community, benefits both NFT owners and play-to-earn  gamers.</p><p>In Axie Infinity, owners lend their assets to new players in  exchange for a share of the in-game rewards. This is managed through  blockchain smart contracts, ensuring that scholars can only use the NFTs  in-game, while only the owner can trade or transfer them.</p><p>Similarly, YGG offers scholarships to new players under a  revenue-sharing model. These players receive NFT assets to start playing  and earning rewards without any upfront investment, sharing a portion  of their earnings with their managers. Besides NFTs, new players get  training and guidance from community managers.</p><p>YGG scholarships extend beyond Axie Infinity. The YGG Treasury  includes virtual lands in The Sandbox and League of Kingdoms, virtual  cars in F1 Delta Time, and other play-to-earn games.</p><h2 id="header-3">SubDAOs</h2><p>The YGG DAO is primarily composed of SubDAOs, which are localized  communities within the main DAO. These groups consist of players from  specific games or regions. For instance, there are SubDAOs for Axie  Infinity players, The Sandbox players, and Southeast Asian players. By  grouping players into these smaller communities, they can share  strategies and help each other improve performance.</p><p>Each SubDAO manages its respective game’s activities and assets  under its own rules but contributes earnings to the YGG DAO. A SubDAO  has a community lead, a wallet, and a specific token. Token holders  share the yields generated from gameplay and can make and vote on  governance decisions related to their SubDAO, such as purchasing more  in-game NFTs or managing assets.</p><h2 id="header-4">YGG Vault</h2><p>The YGG DAO takes a unique approach to yield farming compared to  most DeFi staking platforms. Typically, tokens are staked to earn  fixed-rate interest. At YGG, each vault represents a token reward  program for a specific activity. For example, one vault might yield  returns based on a scholarship program, while another rewards stakers  for the Axie breeding program.</p><p>YGG plans to develop a super index vault representing all  yield-generating activities in its ecosystem. This vault will reward  stakers based on the guild’s revenue from subscriptions, merchandise,  rentals, treasury growth, and SubDAO performance.</p><p>Token holders can stake in the activity they support, with rewards  distributed proportionally to the amount of YGG staked via smart  contracts. Depending on the vault, rewards might include YGG tokens,  Ether (ETH), or stablecoins.</p><h2 id="header-5">Are Yield Guild Games a Good Investment?</h2><p>In 2021, NFTs and play-to-earn games on various blockchains became  major trends. Gaming, being widely accessible, is seen by many as a  potential gateway to making crypto mainstream. Since millions of people  enjoy gaming, the idea of earning money through it holds significant  appeal.</p><p>Blockchain game developments, particularly those involving Yield  Guild Games (YGG), could be promising investments. YGG integrates NFTs  and blockchain gaming with its own token, which might increase in value  over time.</p><p>Most guilds prioritize players because a strong community is  essential for growth in the crypto market. However, YGG also emphasizes  profitability and aims to attract investors. These investors seek  substantial returns without needing to spend hours gaming, a requirement  often seen in other projects. This makes YGG appealing not just to  gamers but also to investors.</p><p>YGG stands out in its niche by focusing on investor appeal,  potentially providing more financial opportunities and enabling faster  growth. The ecosystem is decentralized, operating through a DAO. This  combination of elements creates a compelling value proposition for YGG,  offering users multiple ways to earn from the crypto guild.</p><p><img src="https://media.licdn.com/dms/image/D4E12AQEVskIF8CHw3g/article-inline_image-shrink_1500_2232/0/1718146898376?e&#61;1723680000&amp;v&#61;beta&amp;t&#61;V39NAtXlp8RR9i9wkpyVDgXx5qaFdLOZ46jf3xDl148" /></p><p>To gain deeper insights and stay updated with the latest trends  and developments in blockchain technology, we invite you to explore our  blog at <a href="https://listing.help/blog/" rel="noopener noreferrer nofollow">https://listing.help/blog/</a>.</p>

What is Yield Guild Games (YGG)?

Table of Contents

Sergei Khitrov

Other articles published on Jun 11, 2024

🚀 Weekly HODL Roundup: June 3–June 9, 2024 🌟

EU Report Condemns Privacy Coins and Mixers, Cites Regulatory Hurdles

Artificial Superintelligence Alliance Will Launch on July 15

South Korea’s FSC Classifies Certain NFTs as Virtual Assets Prior to New Crypto Regulations

Litecoin Price Poised for Rebound, On-Chain Metrics Signal

Bitgert’s 200% Jump: What to Expect This Week

Join our free newsletter for daily crypto updates!