Yield Guild Games is a decentralized autonomous organization (DAO) for investing in NFTs. The initial concept of YGG came from gaming industry veteran Gabby Dizon. In 2018, he started lending out his Axie NFTs to other players who couldn’t afford to buy them outright. By October 2020, he co-founded YGG to introduce as many people as possible to the play-to-earn gaming revolution.
Yield Guild Games aims to build the biggest virtual economy in the world. They believe that as virtual economies grow in value, they will eventually be worth more than real world economies.
YGG is a global community of competitive play-to-earn gamers. Their goal is to maximize the value of NFTs used in virtual worlds and blockchain-based games. As NFT gaming grows, so will the value of YGG tokens.
$YGG tokens are distributed to users through rental of YGG-owned NFT assets and via active guild involvement. Tokens can be staked in different YGG Vaults. $YGG holders can choose the vault they want rewards from. Token stakers can also receive rewards from breeding activities proportional to their stake in the vault. Another vault will be for revenue-generating activities such as subscription and rentals. Each vault has specific rules in regards to rewards and vesting periods.
A SubDAO native token, YGGSEA, will be its governance token. It allows members to vote in governance proposals, ecosystem reward allocations, partnerships, and staking.