Yield Guild Games YGG Price

What is Yield Guild Games (YGG)?

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that focuses on building a community of players and investors in blockchain-based games. Launched in 2020, YGG aims to create a virtual economy where players can earn income by participating in play-to-earn games. The organization invests in in-game assets and NFTs, allowing members to share in the benefits generated from these assets. As of 2024, YGG has expanded into various gaming ecosystems, including Axie Infinity, The Sandbox, and Decentraland, facilitating access for players who may not be able to afford the initial investments required to participate in these games.

Who are the Founders of Yield Guild Games?

Yield Guild Games was co-founded by Gabby Dizon, Beryl Li, and Jyri Katainen. Gabby Dizon is known for his involvement in the Philippine gaming community and has extensive experience in the blockchain space. Beryl Li has a background in technology and marketing, while Jyri Katainen brings expertise in finance and operations. Together, they have positioned YGG as a pioneer in the play-to-earn gaming sector, significantly contributing to its growth and popularity.

How does Yield Guild Games Work?

Yield Guild Games operates by acquiring in-game assets, such as characters, land, and other NFTs, which are then rented out to players, referred to as "scholars." These scholars can use the assets to play games and earn rewards, while YGG retains a portion of the earnings. The organization utilizes smart contracts on the Ethereum blockchain to facilitate transparent transactions and manage asset ownership. The YGG token serves as the governance token for the community, allowing holders to vote on important decisions, such as which games to invest in and how to distribute earnings. This model fosters a collaborative environment, enabling players to participate in the burgeoning play-to-earn ecosystem without significant upfront costs.

Top Use Cases of Yield Guild Games

Yield Guild Games has several notable use cases:

• Asset Rental: YGG rents out NFTs and in-game assets to players who cannot afford them, enabling them to participate in play-to-earn games.
• Community Building: The platform fosters a strong community of gamers and investors, facilitating networking and collaboration among members.
• Investment Opportunities: YGG provides investment opportunities in the gaming sector, allowing members to earn returns from the appreciation of in-game assets.
• Game Development Support: YGG collaborates with game developers to promote their titles, providing funding and resources to enhance game ecosystems.
• Educational Resources: The organization offers tutorials, guides, and support to help new players understand the mechanics of play-to-earn games, improving their chances of success.

How to Keep your Yield Guild Games Safe?

To ensure the safety of assets and investments within Yield Guild Games, consider the following practices:

• Use Secure Wallets: Always store your YGG tokens and NFTs in secure wallets, preferably hardware wallets, to protect against hacks and phishing attacks.
• Enable Two-Factor Authentication: Activate 2FA on all accounts associated with your crypto and gaming activities to add an extra layer of security.
• Be Cautious with Links: Avoid clicking on links from unknown sources or suspicious emails related to YGG or its games to prevent phishing attempts.
• Regularly Update Software: Keep your wallet software, devices, and applications up to date to protect against vulnerabilities.
• Educate Yourself: Stay informed about the latest security practices in the cryptocurrency and gaming sectors to better protect your assets.