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Yield Guild Games YGG Price

$0.233

1.69%

$0.223

24h Range

$0.243

Market Cap

$99,643,577.8

Fully Diluted Valuation

$233,010,248.4

24 Hour Trading Vol

$30,788,744.5

Circulating Supply

427,630,026.8

Total Supply

999,985,959.9

Max Supply

Info

YGG Price Statistics

Yield Guild Games Price

$0.233

24h Range

$0.223 - $0.243

Percent Change 1h

-1.69%

Percent Change 24h

1.69%

Percent Change 7d

-25.58%

All-time high

$11.17

All-time low

$0.126

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About Yield Guild Games

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.

How to Invest in Yield Guild Games (YGG)?

Investing in Yield Guild Games (YGG) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Yield Guild Games: Once your account is funded, you can purchase Yield Guild Games directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Yield Guild Games (YGG) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Yield Guild Games using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Yield Guild Games (YGG) in the Long Term?

Yield Guild Games (YGG) is currently trading at $0.233 and exhibits good potential for future growth. Check the latest Yield Guild Games (YGG) price prediction.

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