Yield Guild Game (YGG) is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs), which are utilized in virtual worlds and blockchain-based games.

The concept arose from witnessing how Axie Infinity popularized the concept of play-to-earn with the release of the Small Love Potion ($SLP) token, an in-game resource acquired by winning matches. Because $SLP is an ERC20 token, it may be swapped for ETH or other tokens in Uniswap before being cashed out for money.

YGG intends to scale this basic concept and deliver play-to-earn to millions of gamers worldwide, giving the benefits of blockchain technology to those who need it the most. While most Defi initiatives raise billions of dollars in total value locked (TVL) from a very small number of wealthy individuals, their goal is to assist the rest of the world in getting started with playing games and earning money for their contributions to the new Metaverse economy.

Yield Guild Game manages a treasure mine of game-related NFTs, digital assets, and virtual land parcels that members can employ to increase their earnings and the guild’s earnings. Other games in which Yield Guild is actively invested, in addition to Axie Infinity, are as follows:

Traditional DeFi systems involve staking tokens to earn more tokens at a fixed interest rate or staking tokens in a “liquidity pool” to receive a part of collected revenue. The YGG DAO will operate in a unique manner in that its tokens can be staked into any number of YGG Vaults. Each “vault” symbolizes one or more guild revenue streams’ token payouts.

One of the vaults, for example, could be dedicated to cash generated by the breeding and sale of Axies, the central NFT necessary to play Axie Infinity. Another vault would be used to distribute revenue generated by NFT rents. Vault rewards will be distributed as follows: the proportion of tokens staked by each guild member, as well as the current money generated by the vault’s assigned source.

There will also be a vault representing all income-generating guild operations for individuals who want to be exposed to the full range of revenue streams. This covers not only cash earned while playing, but also the sale and renting of NFTs and other digital assets.

A SubDAO is a subset of the YGG DAO that focuses on a certain game’s operations and assets. For example, there will be one SubDAO dedicated to Axie Infinity players, another to League of Kingdoms players, another to ZED RUN players, and so on.

Token holders in a SubDAO become citizens of the game, participating and cooperating to maximize their collective yield generated by games. They can also employ DAO treasury assets to further outfit their characters, increasing their earning potential.

Because the goal of a DAO is to automate an organization’s tasks, SubDAOs expedite this process by compartmentalizing it, boosting the overall effectiveness of the DAO’s functioning. The guild will give incentives to promote SubDAO participation: the better individual members of a SubDAO perform, the more they can contribute to the overall DAO, and the more they are rewarded for their contributions.

YGG is the platform’s native token, and it is used for the following purposes:

The YGG token (YGG), as the utility token of the YGG DAO, will perform a variety of functions and be utilized for a variety of purposes within the scope of the DAO’s activities.

YGG is more than just a token. It is the oil that keeps the many components of the YGG DAO working smoothly, the lifeblood that links guild members together, and the principal currency for payment of services within the YGG DAO.

YGG tokens can be staked in a variety of ways to gain guild-related perks and prizes. Tokens can, for example, be staked for:

Source:

MMA_Crypto