Name: W3GG
SKU: W3GG
Price: 0.010224297455 USD

W3GG, also known as YGG SEA, is the first subDAO within the Yield Guild Games ecosystem. W3GG is a decentralized autonomous organization (DAO) for acquiring and managing non-fungible tokens (NFTs) used in the metaverse, with a mission to create the biggest and most sustainable play-to-earn (P2E) virtual economy focused on Southeast Asia.W3GG provides guild members with high-quality in-game NFT assets and has removed the high upfront costs of entering P2E games. In exchange for their in-game efforts, all W3GG guild members can receive an industry leading 70% of their bounty.W3GG aims to support opportunities to enter into metaverse reality and wants to ensure that these opportunities remain open to all.<ul><li>NFT asset and treasury management&nbsp;— W3GG has the widest network of P2E games that the Southeast Asia community wants to play. W3GG has access to the best assets for the most in-demand games that the players want or will want once they learn about them.</li><li>Incubation and investment&nbsp;— Unlocking new narratives for gamers in Southeast Asia to explore through local mythologies and folklore by investing in regionally developed and titles in regional languages, such as Tagalog, Thai, and Bahasa Indonesian.</li><li>Diversification of opportunities&nbsp;— W3GG has already secured prime stakes in a catalog of new P2E titles that will appear to all gamer types, so the W3GG can support the largest and most inclusive group of games across the region.</li><li>Onboarding&nbsp;— By localizing team support for each country, W3GG is able to help onboard more players around the world of crypto finance.</li><li>Creditworthiness &amp; Mobility&nbsp;— W3GG will focus on how it can better represent the needs of the community through local partnerships so online efforts and reputations can form part of their real world financial stability and mobility.</li></ul>

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Yield Guild Games Southeast Asia, also known as YGG SEA, is the first subDAO within the Yield Guild Games ecosystem. YGG SEA is a decentralized autonomous organization (DAO) for acquiring and managing non-fungible tokens (NFTs) used in the metaverse, with a mission to create the biggest and most sustainable play-to-earn (P2E) virtual economy focused on Southeast Asia.YGG SEA provides guild members with high-quality in-game NFT assets and has removed the high upfront costs of entering P2E games. In exchange for their in-game efforts, all YGG guild members can receive an industry leading 70% of their bounty.YGG SEA aims to support opportunities to enter into metaverse reality and wants to ensure that these opportunities remain open to all.<ul><li>NFT asset and treasury management&nbsp;— YGG SEA has the widest network of P2E games that the Southeast Asia community wants to play. YGG SEA has access to the best assets for the most in-demand games that the players want or will want once they learn about them.</li><li>Incubation and investment&nbsp;— Unlocking new narratives for gamers in Southeast Asia to explore through local mythologies and folklore by investing in regionally developed and titles in regional languages, such as Tagalog, Thai, and Bahasa Indonesian.</li><li>Diversification of opportunities&nbsp;— YGG SEA has already secured prime stakes in a catalog of new P2E titles that will appear to all gamer types, so the YGG SEA can support the largest and most inclusive group of games across the region.</li><li>Onboarding&nbsp;— By localizing team support for each country, YGG SEA is able to help onboard more players around the world of crypto finance.</li><li>Creditworthiness &amp; Mobility&nbsp;— YGG SEA will focus on how it can better represent the needs of the community through local partnerships so online efforts and reputations can form part of their real world financial stability and mobility.</li></ul>

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W3GG is a decentralized autonomous organization for acquiring and managing NFTs used in the metaverse.

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Bitcoin halving is an event that reduces the rewards that miners receive for validating and adding new transactions to the blockchain by half and it occurs approximately every four years in the Bitcoin blockchain. This mechanism is designed to control the issuance of new bitcoins, limit the supply, and maintain Bitcoin's scarcity and value over time.

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Halvings reduce bitcoin creation rate, slowing down emission temps over time. This leads to curbing inflation. Decreased block rewards make miners rely more on transaction fees, potentially leading to higher fees and a self-sustaining network. Scarcity often drives up prices, attracting investors seeking hedging against inflation, impacting Bitcoin's economic dynamics. That’s why Bitcoin is often called “Store of Value”.

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Fear & Greed Index indicates the current market sentiment. There are 4 possible ranges: Extreme Greed, Greed, Fear, and Extreme Fear.<li>Greed means that traders and investors feel too greedy. This may indicate that the market is due for a correction.</li><li>Fear means that traders and investors are too worried, close to panic sells. This could indicate a good entry point.</li>It is also important to analyze how FGI changed over the period of time, for example in one day, week, or month.

The Fear and Greed Index (FGI) is a comprehensive tool for analyzing cryptocurrency sentiment. It is based on several important market indicators to determine the level of fear or greed present, with a range of 0 to 100.

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We are assessing Bitcoin's volatility and maximum drawdowns, comparing these metrics with the average values from the past 30 and 90 days. We suggest that an abnormal increase in volatility signals a market driven by fear.

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A coin’s dominance represents its share of the total crypto market capitalization. For Bitcoin, an increase in dominance often stems from a flight to safety, reducing speculative investments in alt-coins as Bitcoin becomes the preferred safe haven in the crypto space. Conversely, a decrease in Bitcoin dominance suggests growing greed, as investors move into riskier alt-coins anticipating the next major bull run. For other coins, increasing dominance can imply a bullish or greedy sentiment specific to that coin.

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Latest Bitcoin Halving News

There have been three Bitcoin halvings since the launch of the Bitcoin blockchain. These previous halvings occurred in the following years:{br}{br}First Halving: November 28, 2012; the block reward was reduced from 50 BTC per block to 25 BTC per block.{br}{br}Second Halving: July 9, 2016; the block reward was reduced from 25 BTC per block to 12.5 BTC per block.{br}{br}Third Halving: May 11, 2020; the block reward was reduced from 12.5 BTC per block to 6.25 BTC per block.{br}{br}Fourth Halving: April 20, 2024; the block reward was reduced from 6.25 BTC per block to 3.125 BTC per block.

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The Bitcoin halving event, which is a process that reduces the reward for mining new Bitcoin blocks in half, has significant implications for miners, investors, traders, and users of the Bitcoin blockchain. These implications can be observed in both the short term and the long term. Let's explore some of the key implications in more detail:

How Does Bitcoin Halving Affect The Price of Bitcoin?

Bitcoin halving occurs to control the issuance of new bitcoins and ensure the cryptocurrency's scarcity. Bitcoin's protocol limits the rate at which new bitcoins are created, gradually slowing down the growth of its total supply. This deliberate scarcity is designed to mimic the scarcity and controlled supply of precious commodities like gold, making Bitcoin an attractive store of value and a hedge against inflation.

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Bitcoin halvings reinforce its reputation as a long-term investment by reducing the rate of supply issuance, making it scarcer over time. This scarcity, coupled with the network's growing adoption and utility, can enhance Bitcoin's appeal as a store of value and a hedge against inflation, attracting long-term investors.

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Bitcoin halvings directly impact miners by reducing their block rewards, cutting their income in half. This event can lead to increased competition and pressure on less efficient miners, potentially forcing some to exit the mining ecosystem while incentivizing more efficient operations and technological advancements.

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Mining difficulty is a measure of how much computing power it is required to mine new blocks in a blockchain network. It adjusts regularly to maintain a consistent rate of block production. When more miners join the network, the difficulty increases; when miners leave, it decreases.{br}{br}Hashrate, on the other hand, represents the computational power of the network's miners. It measures how many calculations a network can perform per second. A higher hashrate indicates a more secure and competitive network, as miners with more computational power are more likely to mine new blocks and receive rewards.

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Bitcoin halvings can influence the hash rate and network security by potentially leading to fluctuations in miners' profitability. If the price doesn't rise significantly to compensate for the reduced block rewards, some miners may leave the network, temporarily lowering the hash rate and potentially making the network more vulnerable to attacks until the difficulty adjusts.

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The next Bitcoin halving is expected to occur in March 2028, when the block height number hits 1,050,000. After that, the next block’s reward will be halved: 1.5625 BTC instead of 3.125 BTC.

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Bitcoin halvings can increase price volatility because they create uncertainty about future supply reductions. The expectation of reduced issuance can attract speculative trading and result in price fluctuations as market participants respond to changing supply dynamics. This can lead to both upward and downward price swings before and after halving events.

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The key to Bitcoin's long-term success lies in its Proof-of-Work consensus mechanism within a peer-to-peer environment. This mechanism operates independent of external inputs like clock readings. Proof of Work is based on a fundamental truth: computation requires work, and work requires energy and time in our universe.{br}{br}Difficulty adjustments are necessary to prevent Bitcoin's internal clock from speeding up due to increased miner participation or improved mining devices. Without these adjustments, the value of Bitcoin would quickly decline.

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Bitcoin's maximum supply is capped at 21 million Bitcoins. This limit is hard-coded into the Bitcoin protocol and cannot be changed without overwhelming consensus from the network's participants. The maximum supply of 21 million bitcoins will be reached around the year 2140, when the last bitcoin will be mined.

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Bitcoin halvings reinforce the scarcity of supply by reducing the rate at which new bitcoins are created. This controlled reduction in issuance over time maintains and strengthens Bitcoin's inherent scarcity, ultimately enhancing its appeal as a store of value.

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Bitcoin operates on its own internal rhythm, characterized by a low frequency that allows for a sufficient buffer to delay communication between participants during the block validation process. Approximately every 2016 blocks, Bitcoin's internal clock is reset, resulting in an average block discovery rate of one valid block every 10 minutes.

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Why settle for one when you can have more? Create an unlimited number of watchlists to Organize your digital assets by themes, market trends, or potential investments — the possibilities are endless! 

Create Multiple Watchlists 

Start sharing your knowledge and insights with Cryptorank's sharing feature. Connect, educate, and inspire!

Share Them With Your Friends

Track the Performance of your Favorite Coins

Stay up to date on your favorite coins {br} with the CryptoRank mobile app

Instantly receive notifications on your device {br} without having to open the app.

Easily keep your crypto watchlist up-to-date {br} by synchronizing it.

Market sentiment is very bearish, many assets may be undervalued.

Extreme fear

Market sentiment is very bullish, many assets may be overpriced.

Extreme greed

Market sentiment is moderately bearish, traders are taking less risk.

Fear

Market sentiment is moderately bullish, traders are taking more risk.

Greed

Neutral

Use CryptoRank.io data widgets to get the latest information about the cryptocurrency market. Just set up, copy and paste the iFrame code on your website.

W3GG W3GG

W3GG Arbitrage

No arbitrage opportunities