What is Yield Guild Games (YGG)?
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 organization’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.
What are the games and investments of Yield Guild Games (YGG)?
The followings are part of the games and investments of Yield Guild Games (YGG):
What are the activities of Yield Guild Games (YGG)?
- 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.
What is the subDAO of Yield Guild Games (YGG)?
A subDAO is established to host a specific game's assets and activities. Assets in the subDAO are acquired, fully owned and only controlled by th YGG treasury through a multisigniture hardware wallet for security reasons.
A subDAO is tokenized and a part of the subDAO tokens will be offered to the community. Holders can send proposals and vote on the specific game mechanics, which allows them to benefit from yields generated from the game and hence encourage them to put assets under the treasury management.
Who created Yield Guild Games (YGG)?
Yield Guild Games (YGG) is founded by Gabby Dizon, Beryl Li and Owl of Moistness in 2020.
The story of Yield Guild Games tracks back to 2018, when Gabby Dizon began to lend his own Axies to other Axie Infinity players who couldn’t afford to buy their own. It sparked the idea of creating a global network of players and investors who would help each other get started with NFT games. With fintech entrepreneur Beryl Li and developer Owl of Moistness joining Gabby as co-founders, YGG was founded with the mission of onboarding millions of people into the play-to-earn revolution.
