Yield Guild Games сryptocurrency price. Market

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) focused on investing in non fungible tokens (NFTs) that are used across virtual environments and blockchain-based games.

Its mission is to build the largest virtual world economy-improving community-owned assets for strong usefulness, and distributing the resulting profits to its token holders.

Vision

YGG merges the strengths of non-fungible tokens (NFTs) and decentralized finance (DeFi), applying yield farming concepts to game economies while expanding the value of these virtual worlds through developing their content and economic systems.

"Our aim is to acquire and improve assets in the metaverse, since we expect virtual economies to grow more valuable than those in the real world over time. At the same time, we seek to generate benefits inside the virtual space so that guild members can prosper-especially competitive players, artists, and other content creators who make up the metaverse."

Activities of YGG

YGG intends to increase the usefulness and value of NFTs deployed in virtual worlds and blockchain-based games. The protocol runs through smart contracts that are set by consensus via the DAO, using governance proposals and votes from a distributed group of token holders.

Activities of YGG include:

Growing a worldwide community of play-to-earn gamers who compete to earn in-game rewards (e.g. players in Axie Infinity gaining tokens by winning battles);Generating income by renting or selling NFT assets owned by YGG at a premium (e.g. reselling land in The Sandbox or lending Axies to players under a profit-share approach, referred to as a scholarship);Enabling community involvement in the DAO through submitting proposals and participating in voting;Coordinating research and development for DAO participants to find yield opportunities by staying competitive in metaverse-related games.

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