Yield Guild Games (YGG) is a guild of players who focus on “win-win” games based on blockchain technology. It is a society that invests in NFT assets and brings together blockchain players from all over the world. Their goal is to create a network of players and investors to help each other start and grow in the NFT gaming space.
Realizing that blockchain-based games could be a powerful tool for people in developing countries, Dizon began lending Axie to other players who could not afford their games. This inspired him to create the Yield Guild Games in 2020 with Beryl Lee to help others thrive in the world of NFT and blockchain gaming.
YGG consists of numerous SubDAOs, consisting of groups of players from a particular NFT game or geographical area. Each SubDAO has its own set of rules for managing activities and resources in the respective game-pot game.
This model allows players of the same NFT game to work together to increase profits. It also allows guild members to borrow and use community-owned NFT resources to earn in-game rewards. In return, borrowers of NFTs through the DAO can share a portion of their earnings.
At YGG, all NFTs and digital assets are stored in a community-managed YGG warehouse. Vault provides NFT to each SubDAO and contains P2E resources from many blockchain games.
The game uses an NFT loan program known as YGG DAO Scholarships to increase the value and benefits of NFTs. The idea was first introduced by the Axie Infinity community to benefit both NFT owners and players who want to make a profit.
At Axie Infinity, Axie owners can borrow their assets to help new players get started for one percent of their in-game bonuses. The process is carried out using smart contracts in the blockchain so that users participating in the scholarship program can only use NFT in the game. Only the manager (owner) can trade or transfer with NFT.
Similarly, YGG offers scholarships to new players under the income-sharing model, where they can play and win prizes by earning NFT resources. NFT borrowers do not have to invest any money to get started, but they do share some of their earnings with their managers. In addition to assets, new players will receive training and instruction from community managers.
As mentioned, YGG DAO mainly consists of SubDAO. You can think of SubDAO as localized communities within the main YGG DAO. These local communities are made up of players from a particular P2E game or space. For example, SubDAO for Axie Infinity players, SubDAO for The Sandbox players, another SubDAO for Southeast Asian players, and so on. By grouping players into different SubDAOs, they can discuss game strategies and help each other as effectively as possible.
Each SubDAO manages its activities and assets in accordance with its own rules and conditions of the game, but still YGG brings revenue to the DAO. SubDAO has a community leader, a wallet and a SubDAO token. Token owners can share the profits from the game based on their contributions. They can also make suggestions and vote on SubDAO management decisions related to the acquisition of more NFT or asset management.
As a sign of the native platform, YGG is used to pay for services on the Internet. It can also be collected to win YGG awards or used to unlock exclusive content on your organization’s Discord server. In addition, YGG owners can make suggestions and vote on decisions about technology, products, designs, token distribution, and the overall management structure of the guild. Finally, the best offers to be applied in DAO will be rewarded with YGG tokens.
YGG also plans to build a universal super-index warehouse that will represent all revenue-generating activities in its ecosystem. This box office will reward collectors based on guild revenues from subscribers, gadgets, rents, cash growth and the performance of the SubDAO index.
1. Log in to your Binance account and log in [Handel]. Select Classic or Advanced mode to get started.
3. Go to the field [Spot] on the right and enter the amount of YGG you want to receive. In this example, we will use the Market Order. Click here [Kup YGG]to confirm your order and will be transferred to your purchased YGG Spot Wallet.
With a unique income distribution model, YGG is building a decentralized society in the real world. It gives participants the opportunity to develop in virtual worlds thanks to an innovative gaming economy. As Metaverse projects grow, NFT guilds such as Yield Guild Games may benefit from an influx of new players and cryptocurrency enthusiasts seeking to win NFT games through an alternative source of income.