Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs) and enables its members to earn income by playing blockchain-based games.
In this article, we will explore the origin, key features, latest price analysis, and future prospects of YGG Crypto.
Origin of Yield Guild Games
Yield Guild Games was founded in 2021 by Gabby Dizon, Beryl Li, and Owl of Moistness, who are experienced in the blockchain gaming industry. The project was inspired by the success of Axie Infinity, a popular game that allows players to breed, battle, and trade digital pets called Axies. YGG started as an Axie Infinity scholarship program, where the DAO provided Axies to players who could not afford them in exchange for a share of the in-game rewards. This way, YGG created a win-win situation for both the DAO and the players, who could earn a living by playing games.
Since then, YGG has expanded its portfolio to include other play-to-earn games such as Zed Run, Aavegotchi, Guild of Guardians, Star Atlas, and more. The DAO aims to build the largest crypto-focused gaming guild that optimizes earnings and asset value for its token holders and community members.
Key Features of Yield Guild Games
Yield Guild Games has several features that make it stand out from other gaming projects. Some of them are:
- YGG Token: The YGG token is the native utility token of the DAO that is used for governance, staking, and rewards. The token holders can vote on proposals, access exclusive content, and receive a share of the DAO’s revenue. The token has a fixed supply of 1 billion units, of which 45% are allocated to the community over four years.
- NFT Investments: The DAO invests in NFTs that are used in various virtual worlds and games. These NFTs can generate income by being rented out to players or by hosting economic activities on them. For example, YGG owns land parcels in Sandbox and Decentraland, where it can create gaming experiences and monetize them.
- Play-to-Earn Model: The DAO supports the play-to-earn model, where players can earn crypto tokens by playing games. YGG provides players with access to NFTs that they can use in games such as Axie Infinity, where they can earn Smooth Love Potions (SLP) by completing quests and battles. The players then share a portion of their earnings with the DAO, which in turn distributes them to the token holders and reinvests them in more NFTs.
- Community Building: The DAO fosters a strong community of gamers and investors who share a common vision of creating a sustainable virtual economy. YGG has over 200,000 members across different platforms such as Discord, Twitter, Telegram, and Medium. The DAO also organizes events, tournaments, contests, and educational programs to engage and empower its community.
Latest Price Analysis of Yield Guild Games
Yield Guild Games launched its public sale on Sushiswap Miso on July 27, 2021, where it sold out within seconds. The initial price was $0.50 per YGG token. Since then, the token has experienced high volatility, reaching an all-time high of $11.17 on November 20, 2021 and an all-time low of $0.125601 on June 10, 2023.
The token is trading at $0.335068 with a market cap of $61.9 million and a 24-hour volume of $146.7 million. The token is ranked #257 on CoinMarketCap and #361 on CoinGecko.
Printing similar Ascending triangle type pattern, whereas got bounced from strong trendline support & is currently facing resistances, entry upon breakout would be sensible.
Yield Guild Games is a pioneering project that is revolutionizing the play-to-earn model and creating a new paradigm of gaming and earning. The project has a solid vision, a strong team, a loyal community, and a diversified portfolio of NFTs and games.
The project also faces some challenges and risks that could affect its growth and sustainability. However, if YGG can overcome these obstacles and continue to innovate and deliver value to its stakeholders, it could become one of the leading players in the crypto gaming industry.
For on-demand analysis of any cryptocurrency, join our Telegram channel.