What is Yield Guild Games? The World's First and Largest Web3 Game DAO

Yield Guild Games (YGG) introduces an innovative concept in the world of gaming, where playing games is not only entertainment, but also a source of income. At the time of writing, YGG is one of the popular GameFi crypto assets which ranks 290th globally with a market capitalization of IDR 2.3 trillion with daily trading volume of IDR 924 billion.

In this article, we will dig deeper into how Yield Guild Games is changing the traditional gaming paradigm into a profitable and interactive model for its players. Let's Listen!

What is Yield Guild Games (YGG)?

Yield Guild Games (YGG) is a decentralized organization or DAO that operates in the blockchain gaming ecosystem, specifically in a play-to-earn (P2E) model . This organization allows its members to earn real income by participating in various games based on blockchain and NFTs (Non-Fungible Tokens) .

What's interesting is that YGG does not only focus on collaborating with one game platform, but also many platforms with various genres. Axie Infinity and The Sandbox are two examples of well-known crypto gaming platforms that have collaborated with Yield Guild Games.

This strategy expands the platform's reach in the market and opens up more opportunities for its members to earn income. This diverse approach also positions Yield Guild Games as an important and influential entity in the crypto gaming space.

In general, through its innovative business model, Yield Guild Games has succeeded in attracting interest and participation from various global players and investors.

How it Works and Features

Yield Guild Games (YGG) operates as a unique decentralized organization in the blockchain gaming world, adopting a play-to-earn model that allows players to earn real income from playing games. The way YGG works is centered on the integration of various blockchain games where players can earn tokens or digital assets that can be exchanged for real money.

One of YGG's key features is its use of Non-Fungible Tokens (NFT), where in-game assets are represented as NFTs, giving players ownership, sale, or rental rights to those digital assets. YGG also offers a membership model that allows revenue sharing between players, encouraging collaboration and support within the community.

Moreover, the organization is not limited to one game, but rather collaborates with various popular gaming platforms such as Axie Infinity and The Sandbox, expanding opportunities for its members to generate income and strengthening its position in the blockchain gaming market.

Who is the Founder Behind Yield Guild Games

The founder of Yield Guild Games (YGG) is Gabby Dizon, a prominent figure in the blockchain gaming industry. Gabby Dizon has a strong background in game development and has been an early proponent of the play-to-earn concept in gaming.

His leadership at YGG has been instrumental in shaping and growing the organization into one of the leading entities in the blockchain gaming and decentralized finance (DeFi) ecosystem.

Tokenomics and Use of Tokens

YGG is Yield Guild Games' native token. The total supply of Yield Guild Games (YGG) tokens is 1 billion tokens. This number is the maximum capacity of tokens that will be produced and distributed in the YGG ecosystem. Meanwhile, as of January 12 2024, the number of tokens circulating on the market was recorded at 284,903,702 YGG.

Token distribution is usually carried out through various methods such as public sales, allocation to the development team, rewards to the community, as well as for staking and governance activities in the YGG ecosystem. The following is a detailed description of YGG token allocation:

YGG Whitepaper

The uses of YGG tokens are as follows:

• Governance : YGG tokens give their holders voting rights in community decision-making. This allows token holders to participate in the governance of YGG's DAO (Decentralized Autonomous Organization), influencing the guild's policies and future direction.
• Staking and Rewards : YGG token holders can stake their tokens to earn rewards. This staking is often related to various activities within the YGG ecosystem, including participating in certain games or supporting guild operations.
• Access to Exclusive Assets and Activities : YGG Tokens can be used to gain access to in-game assets, such as NFTs, used in play-to-earn games. In addition, this token can provide access to exclusive activities or events within the YGG community.
• Payments and Transactions : In some cases, YGG tokens may be used for transactions or payments within the YGG ecosystem, including the purchase of assets or services.
• Income Distribution : YGG implements a sharing income model where YGG tokens can play a role in the distribution of income generated by guilds from various games.

YGG tokenomics is designed to encourage active participation in gaming communities and activities, ensuring that members who contribute to the ecosystem are rewarded. This creates an environment where token holders not only invest in the token itself, but also in the success and growth of the YGG community as a whole.

Conclusion

Yield Guild Games (YGG) is emerging as an innovative organization in the blockchain gaming ecosystem, leveraging a play-to-earn model to empower players with real income. By adopting NFT technology and integrating popular games such as Axie Infinity and The Sandbox, YGG has succeeded in creating a strong and active community.

As a key player in the gaming and DeFi industry, YGG not only offers opportunities for gamers to generate income, but also strengthens the concept of digital ownership and community participation in the world of blockchain gaming.