Yield Guild Games YGGPrice $ 0.0473

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in non fungible tokens (NFTs) used in virtual worlds and blockchain-based games.

The organisation’s mission is to create the biggest virtual world economy, optimizing its community-owned assets for maximum utility and sharing its profits with its token holders.

Vision

YGG combines the best of the non-fungible token (NFT) and the decentralized finance (DeFi) space, bringing yield farming to game economies while adding value to these virtual worlds by developing the content and economy of these games. 

"We want to own and develop assets in the metaverse as we believe that virtual economies will be more valuable than real-world economies over time. At the same time, we want to create value in the virtual world for our guild members to thrive in a virtual environment - the competitive gamers, the artists, and content creators that populate the metaverse."

Activities of YGG

YGG’s goal is to maximize the value of NFTs used in virtual worlds and blockchain-based games. Its protocol is automated by smart contracts instructed by consensus through the DAO based on governance proposals and voting of a distributed network of token holders.

Activities of YGG include:

• Building a global community of play-to-earn gamers who play competitively to collect in-game rewards (e.g. players in Axie Infinity earning tokens from winning battles);
• Producing revenue through the rental or sale of YGG-owned NFT assets for a markup (e.g the resale of land in The Sandbox or renting Axies to players as part of a profit-sharing model, known as a scholarship);
• Allowing the community to participate in the DAO by passing proposals and voting;
• Coordinating research and development for gamers in the DAO to arbitrage on yield generation by being competitive in metaverse-related games.