As you know, NFT games are gradually becoming known as a way to generate income. You can sell your in-game NFTs to other collectors and players, even earning tokens if it’s a play-to-earn model.

And today I will tell you the story of the people in the Philippines.

When the COVID-19 pandemic hit the Philippines, people in the city of Cabanatuan, north of Manila, found a unique way to relieve stress caused by the blockade: playing video games.

However, this is not just for fun. Axie Infinity, created by SkyMavis, allows players to earn cryptocurrency through breeding, fighting, and trading digital pets known as “Axies.”

This new “play for money” model represents a significant step forward in the game economy. Many players in the Philippines soon realized that they were earning more than they had in their previous careers. An entire village has really escaped poverty thanks to playing games. And that’s where Yield Guild Game started as a way to attract more people into money-making games.

YGG is bringing yield farming to game economies by combining the best of the non-fungible token (NFT) and decentralized finance (DeFi) spaces.

What is Yield Guild’s mission?

In the long term, Yield Guild Game wants to add value to these virtual worlds by developing the content and economics of these games. The project also believes that the virtual economy will be more valuable than the real world economy over time. So it wants to develop in a metaverse manner.

Investing in NFT produces the best yields in the Metaverse: Yield Guild Game manages a treasure trove of game-related NFTs, digital assets, and virtual parcels of land that members can use to grow their wealth. their income

Build a global economy of people playing games for money. They will develop games for gamers in the DAO to profit through arbitrage.

Generate revenue by operating and leasing NFTs, which optimize community-owned assets for maximum benefit and profit sharing with YGG token holders.

Encourage the community to participate in the DAO by voting and proposing.

What is YGG token used for?

Stake YGG to receive token rewards related to the network’s overall operations, or to enjoy exclusive content and pay for network services.

In addition, its protocol is automated by consensus-guided smart contracts through the DAO, based on the governance and voting proposals of a distributed network of token holders. YGG

Currently, YGG is traded on many different exchanges. Exchanges that list this token include: Uniswap, Sushiswap, MEXC, OKEx, Gate.io, BigONE.

YGG is an ERC20 token, so you will have a lot of wallet options to store this token. You can choose from the following wallets:

Floor wallet

Popular ETH wallets include Metamask, Myetherwallet, Mycrypto, and Coin98 wallets.

Cold wallets: Ledger, Trezor

Business model for Yield Guild Games

Where does DAO’s revenue come from?

The majority of DAO’s revenue will come from leveraging YGG’s NFT assets, which will be rented out to guild members in exchange for a portion of the in-game rewards.

Note: Revenue can be generated by a third party (not a guild member) by performing economic activities on in-game assets such as land.

What do I get for owning NFT?

You will benefit from an increase in the economic value of your in-game assets, which is reflected in the value of the open market fungible token.

Things that give YGG a distinct personality

SubDAO

Guild Games DAOs are split into small subDAOs for ease of management and to allow investors to optimize their investment in a given game.

As you all know, Yield Guild Game manages a treasure trove of game-related NFTs, digital assets, and virtual parcels of land that members can use to increase their income. In addition to Axie Infinity, other games that Yield Guild is actively investing in include: League of Kingdoms, The Sandbox, Star Atlas, etc.

As such, SubDAO is a subset of YGG DAO that focuses on the activities and content of a given game. For example, there will be a SubDAO for Axie Infinity players, a SubDAO for League of Kingdoms players, etc.

Token holders in SubDAO join and cooperate to maximize the collective profits generated by the game. They can also use the DAO’s treasury assets to retrofit their characters, which increases their earning potential.

Community program

The Yield Guild built the DAO and distributed its tokens to the community. Up to 45% of all YGG tokens will be distributed to community activities such as airdrops, achievement awards, and special offers for in-game wins.

The Yield Guild also contributes to the community through its scholarship program. The Yield Guild Scholarship, a defining feature of the guild, lends game-related NFTs to members who cannot afford their own.

Yield Guild Game development possibilities

It can be said that Yield Guild Game’s investment model solves many complex problems in the market, helps players lower financial barriers, and makes it easier for investors to invest in the game.

As we can see with the steady rise of NFT, many decentralized technologies have caught up with the trend and built a reputable presence in that field. Yield Guild Games has made significant investments in the money-making games industry, where NFTs have encouraged the widespread adoption of such games.

With the aim of building the world’s largest virtual world economy, it will continue to grow in the future with the vision I mentioned in the article.

See ya in the next article !

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