What is YGG
Yield Guild Games (YGG) is a gaming guild focused on blockchain play-to-earn games. It’s a community / DAO that invests in NFT assets and connects blockchain gamers around the world. Their goal is to build a network of players and investors who help each other get started and grow in the NFT gaming space.
The idea of creating a global play-to-earn gaming community arose in 2018. Gabby Dizon, YGG co-founder, and CEO noticed that blockchain gaming was trending in Southeast Asia. At that time, many gamers were looking to get started in the popular NFT game Axie Infinity, but they lacked the money to buy the in-game NFT characters called Axies. Dizon started lending his Axies to other players. This inspired him to co-found Yield Guild Games with Beryl Li in 2020 to help gamers thrive in the world of NFTs and blockchain gaming.
Yield Guild Games also issued a token, YGG. YGG is an ERC-20 token that gives holders the right to participate in the governance of the YGG DAO. It has a total supply of 1 billion tokens, and 25 million YGG was sold via an Initial DEX Offering (IDO) on SushiSwap in 2021. As the platform’s native token, YGG is used to pay for services on the network. It can also be staked to earn rewards in the YGG vaults or used to unlock exclusive content on the YGG Discord channel. In addition, YGG holders can submit proposals and vote on decisions regarding the guild’s technology, products, projects, token distribution, and overall governance structure.
For more information about YGG, please check the overview page of the project on TokenInsight.
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