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Yield Guild Games Price

(YGG)

$0.02112
-0.33%(1h)

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Yield Guild Games (YGG) Live Price Chart

    Yield Guild Games Live Price Data

    The live price of Yield Guild Games is 0.02112, with a total trading volume of 152361.6 in the last 24 hours. The price of Yield Guild Games changed by +1.83% in the past day, and its value has decreased by -4.08% over the last week. With a circulating supply of 933,268,100 YGG, the market cap of Yield Guild Games is currently 19751881.18728613226759961000 , marking a +1.83% increase today. Yield Guild Games currently ranks #713 in market cap.

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    Note: This data is for reference only.
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    YGG(YGG) Profile

    altRank713
    rate--
    Expand
    $0.02074
    $0.02126

    ATH
    $11.49579152
    Price Change (1h)
    -0.33%
    Price Change (24h)
    +1.83%
    Price Change (7d)
    -4.08%
    Market Cap
    24h Volume
    Circulating Supply
    933,268,100
    Max Supply
    1B

    About Yield Guild Games

    • What is Yield Guild Games (YGG) Crypto?

      Yield Guild Games is a global play-to-earn gaming community functioning as a decentralized autonomous organization (DAO) operating on the Polygon network. The decentralized community aims to bring together gamers who wish to explore monetization opportunities from leading blockchain-based games, including Axie Infinity, The Sandbox, League of Kingdoms, and more.

      The YGG community members consist of players, contributors, and investors interested in the Play-to-Earn sector of the crypto market. The YGG DAO collectively votes on and decides which games to play, invest in, and how to use in-game assets. The earnings and rewards accumulated based on these decisions are then shared among the DAO’s members.

      The gaming guild initiative helps lower the entry barrier and make earning money from playing blockchain games more accessible to a broader audience. In addition to supporting leading blockchain games through investment, the Yield Guild Games DAO community also interacts with each other in the metaverse to discuss strategies and share ideas on becoming better gamers.

      YGG is the native token of the Yield Guild Games ecosystem and functions as its governance token, giving token holders the right to become DAO members. YGG tokens represent voting rights within the YGG DAO and can also be used as incentive tokens to be distributed as rewards for contributing to staking vaults.

    • How Does Yield Guild Games Work?

      Yield Guild Games serves several purposes, bringing together the world of GameFi with DeFi and NFTs to offer a lucrative opportunity to crypto investors and blockchain gamers. YGG aims to leverage its decentralized community through the DAO to provide the maximum possible value of NFT assets used by leading blockchain games.

      The YGG DAO consists of a global community of play-to-earn gamers who wish to generate revenue from playing blockchain-based games and collecting as many rewards as possible. In addition, Yield Guild Games aims to generate revenue by renting or selling YGG-owned NFT assets for a markup, such as reselling LAND in The Sandbox or renting Axies for Axie Infinity players to maximize their reward generation potential.

      The project functions by encouraging YGG token holders and DAO members to submit and vote on others’ proposals that decide which games to invest in or support. Through these votes, the guild can maximize its revenue generation potential, making it a lucrative opportunity for investors in the GameFi space as well.

      In addition to monetizing YGG-owned NFT assets through resales or rentals, Yield Guild Games also generates revenue by conducting economic activities on its in-game land. This revenue could also be generated by third parties, not members of the YGG DAO.

      The NFTs owned by the Yield Guild Games DAO will rise in economic value upon proper use by gamers that the project supports. The revenues thus earned would increase the value of YGG token and be shared as rewards among the Yield Guild Games community members.

    • History of Yield Guild Games and YGG Token

      Yield Guild Games was co-founded by a Manila-based game studio owned by Gabby Dizon and fintech entrepreneur Beryl Li in 2018. Dizon was part of the team behind launching other successful crypto projects, such as Axie Infinity and Yearn Finance.

      The idea originated from Gabby - a gaming industry veteran who decided to lend his own Axie NFTs to players who couldn’t afford to buy their own to start playing Axie Infinity. His actions helped lower the entry barrier for gamers, especially in emerging markets, making monetization opportunities from blockchain gaming more accessible to players with limited capital.

      The idea came after Axie Infinity went viral in the Philippines as an opportunity for several users to earn passive income during the COVID-19 pandemic and lockdown. The duo co-founded Yield Guild Games as an initiative that could onboard millions of players into the lucrative world of blockchain games and allow them to reap the rewards from participating in GameFi, even if they could not invest in buying expensive NFTs to get started.

      In July 2021, Yield Guild Games announced their token sale via an Initial Dex Offering (IDO) listing on MISO by SushiSwap. The project raised $12.5 million in the public token sale round. The project also raised funds from prominent investors such as Crypto.com Capital, Animoca Brands, Solana Ventures, and Polygon.

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