Introduction

Yield Guild Games, powered by its native token, YGG, is a blockchain-based platform that has brought great innovation to the gaming world by providing a fair and decentralized environment for players. Built on the Terra blockchain, Yield guild games deliver fast and low-cost transactions for a seamless gaming experience that’s from collectible card games to role-playing games, there is something for every type of player on the gaming platform.

Yield Guild Games is not just about games, it is also about player ownership and empowerment, and the YGG token is at the center of this vision. The built-in marketplace allows players to trade and sell their in-game items and create real value for their time and effort. And with its player-driven governance model, YGG token holders have a say in the development and direction of the platform, making it a truly community-driven experience.

Understanding Yield Guild Games - Maximizing Gaming Earnings through DeFi

As already established in the introduction, Yield Guild Games is a blockchain-based NFT (non-fungible token) gaming platform that allows users to play, trade, and collect in-game assets. It’s a decentralized autonomous organization (DAO) that aims to optimize the virtual world economy through investment in NFTs used in blockchain-based games.

The organization brings players together to earn cryptocurrency through play-to-earn gaming, allowing members to thrive in a virtual environment. The vision of Yield Guild Games is to build assets in the metaverse, a digital platform that encompasses online gaming, virtual reality, augmented reality, and cryptocurrency. Also, the goal is to increase the value of the guild members in the virtual world and create sustainable virtual economies.

Furthermore, Yield Guild Games is focused on empowering its members to succeed in the virtual world by providing a platform for investment in NFTs. The organization believes that virtual economies will become more relevant and useful than real-world economies, and is dedicated to promoting blockchain-based games through its play-to-earn gaming league.

More so, Yield Guild Games is based on the concept of “yield farming,” which involves staking cryptocurrency assets and receiving high returns in the form of additional cryptocurrency. By combining NFTs and DeFi systems, Yield Guild Games adds value to the virtual worlds and shares profits with its token holders. Generally, Yield Guild Games is dedicated to building a virtual world that optimizes its assets for maximum utility and sharing profits with its community.

History of Yield Guild Games

The story of Yield Guild Games begins in 2018 when Gabby Dizon, a seasoned gaming industry expert, began lending his Axies in the Axie Infinity game to players who lacked the resources to purchase their own. This act of generosity sparked the idea of a worldwide network of players and investors who could support each other in NFT gaming.

In 2020, Gabby was joined by Beryl Li, a fintech entrepreneur, and developer Owl of Moistness, as co-founders, and together they launched yield guild games in October 2020. The goal of yield guild games was to onboard millions of people into the play-to-earn revolution and establish itself as a leader in the play-to-earn gaming industry.

In 2021, yield guild games introduced yield farming to game economies through its decentralized autonomous organization (DAO) structure, enhancing its status as a forerunner in the play-to-earn gaming sector. Yield Guild Games’ commitment to empowering its members and creating sustainable virtual economies has made it a crucial player in the virtual world economy.

By the end of 2021, they had established partnerships with various play-to-earn games and had raised a substantial amount of funds through three funding rounds and an initial token sale. The exact amount raised was reported to be $22.4 million. These partnerships and funding allowed the gaming platform to expand its operations and provide more opportunities for participants to earn rewards in the virtual world economy.

How Yield Guild Games Works

Yield Guild Games is a decentralized finance (DeFi) platform that offers a range of investment opportunities to users. It operates on the Ethereum network and utilizes smart contracts to automate the investment process, ensuring a secure and transparent investment experience.

One of the key features of the protocol is its yield farming pools, which allow users to invest their digital assets into various DeFi protocols and tokens. Users can choose to invest in a single pool or multiple pools at once, and in exchange for providing liquidity to the pool, they receive a portion of the fees generated by the pool. This is proportional to their share of the pool’s total liquidity.

In addition, to yield farming pools, they also offer a marketplace for non-fungible tokens (NFTs). NFTs represent unique digital assets such as art, collectibles, and in-game items, and users can use them as investments or trade them on the platform.

Users can monitor their investments and track their rewards in real time through the dashboard which provides valuable insights and analytics on each pool, allowing users to make informed investment decisions. The platform offers a user-friendly staking system, where users can earn rewards by staking their YGG tokens.

Yield guild games utilize blockchain technology, which provides a secure and transparent investment process. All transactions are recorded on the Ethereum network, ensuring that the investment process is tamper-proof. With its range of investment options, user-friendly dashboard, and secure investment process, yield guild games is projected to be a leading platform in the DeFi space.

Yield Guild Games Ecosystem and Roadmap

The project’s ecosystem is designed to benefit both players and developers. Players can participate in yield gaming and take part in the platform’s governance by staking their assets. Developers can also leverage the platform to create new games and monetize their creations, as well as access a community of players interested in NFT-based gaming. The use of blockchain technology in yield guild games provides a secure and transparent environment for both players and developers.

The project’s roadmap includes expanding the platform’s game library, improving player experiences, and growing the community. The platform is also working on adding new features, such as cross-game item trading, which allows players to trade NFTs between different games on the platform. Moreover, the gaming platform plans to integrate with other DeFi platforms to increase liquidity and provide additional earning opportunities for players.

In addition to the platform’s focus on yield gaming and NFTs, it also has a strong community-driven approach and has a dedicated Discord community where players and developers can connect and discuss their experiences, as well as share feedback and ideas for the platform’s future development. The platform’s strong community is a testament to its commitment to creating a sustainable gaming ecosystem that benefits everyone involved.

Furthermore, the Yield Guild Games’ ecosystem is made up of several key components that work together. One of these components is its Vaults, which allow users to stake their YGG tokens in specific or multiple revenue streams within the platform.

Another key component is the Yield Guild Games’ DAO, which is governed by YGG token holders who decide on the management of assets within the platform, including tokens, NFTs, and virtual land parcels. To further enhance user engagement, the platform also includes SubDAOs which are tailored to specific games, allowing users to put their game assets to work and increase their yield from gameplay.

What Problems Do Yield Guild Games Solve

Yield Guild Games solves the following problems in gaming and DeFi:

• Lack of players’ reward: The gaming platform offers yield gaming and NFTs to incentivize in-game actions.
• Centralization and lack of control: Yield Guild Games uses blockchain for player control and ownership of assets.
• Limited monetization for developers: They provide a platform for game monetization and developer rewards.
• Lack of transparency and security: The gaming platform uses blockchain for a secure and transparent environment.
• Inefficient and unfair item trading: It facilitates cross-game item trading, making it more efficient and fair.
• Disconnected gaming community: The project has a dedicated Discord community to connect players and developers, fostering a sense of community.

Benefits of using Yield Guild Games

Using Yield Guild Games provides several benefits, including:

• Earning rewards: Players can earn rewards through yield farming and participating in the platform’s governance.
• Owning unique digital assets: Players can own NFTs related to their favorite games, providing a new level of in-game engagement.
• Monetizing games: Developers can monetize their games and earn rewards for their work.
• Secure and transparent environment: The use of blockchain technology provides a secure and transparent environment for players and developers.
• Strong community: Yield guild games have a strong and dedicated community, fostering a sense of community and player-developer engagement.

Risks of using Yield Guild Games

The drawbacks of Yield Guild Games are:

• Limited adoption
• Complexity for some users
• Market volatility affecting earnings
• Regulatory risks
• Technology risks related to security and functionality

What is Yield Guild Games Token (YGG)?

Yield Guild Games’ token (YGG) is the native token of the gaming platform. It is used to participate in governance and as a reward for contributing to the ecosystem. Players can earn YGG through yield farming and participating in platform activities, while developers can earn YGG for creating and maintaining games.

The value of YGG is expected to increase as the platform grows and more users join the ecosystem. The token also provides access to exclusive features and benefits, further incentivizing its use and adoption.

Tokenomics

The YGG token is the utility token responsible for the platform’s operations. There are a total of 1,000,000,000 YGG tokens in supply, which are distributed among 5 stakeholders: Treasury (13.3%), Founders (15%), Advisors (2.0%), Investors (24.9%), and Community (45%). Seed investors will have 20% of their allocation released at network launch, with 80% having a 1-year lock-up period followed by linear vesting for 1 year.

Governance

YGG token is a governance token for the gaming platform, allowing token holders to have a say in the future direction and development of the platform. The governance process is conducted through a decentralized voting system, ensuring a transparent and fair decision-making process.

This allows for a more community-driven development, where users can have a direct impact on the platform’s future. By holding YGG, users have a stake in the success of the platform and a vested interest in making decisions that drive the platform forward. This helps to ensure that the platform remains aligned with the needs and interests of its users, promoting long-term growth and sustainability.

Source: YGG WhitePaper

Importance of Holding YGG

Holding the yield guild games token (YGG) can bring various benefits to its holders. Some of these benefits include:

• Access to exclusive content and features within yield guild games’ ecosystem, such as early access to new games and in-game items.
• YGG holders are entitled to a cut of the platform’s profits, so they should receive a share of the money made by the company.
• The ability to participate in yield guild games’ governance, allowing holders to influence the direction and decision-making of the platform through voting rights.
• Potential for capital appreciation, as the demand for YGG, can increase as the platform grows and becomes more popular, leading to an increase in the token’s value.
• The ability to use YGG as a form of currency within the platform to purchase in-game items and access premium content.

Is Yield Guild Games a Good Investment?

The following are factors to be considered when looking to invest in Yield Guild Games:

• Focus on community building: Yield Guild Games places a strong emphasis on building and engaging with its community of players, which sets it apart from other gaming platforms.
• Incentive-based system: The platform utilizes an incentive-based system that rewards players for their contributions, providing an added layer of engagement and motivation.
• Investment opportunities: Yield Guild Games offers investment opportunities for players, allowing them to directly participate in the success of the platform and the games that are developed on it.
• Tokenized economy: The platform has a tokenized economy, which provides additional benefits such as increased liquidity, transparency, and interoperability.
• Decentralized governance: Yield guild games operate on a decentralized governance model, giving players a direct say in the direction and development of the platform.

Furthermore, investing in YGG tokens can be a fun and rewarding experience, but before investing in YGG, it is critical to consider factors such as the platform’s potential and current growth, market conditions, as well as the overall situation of the cryptocurrency market.

In addition, it’s essential to conduct thorough research and due diligence, including reading the whitepaper, understanding the tokenomics, and considering any potential risks. It’s also important to stay informed about the latest developments and updates related to yield guild games and its token, YGG, to make informed investment decisions.

How to Buy YGG Using Gate.io

• Visit Gate.io
• Create an account
• Verify email address
• Complete KYC
• Go to “Buy Crypto”
• Proceed to buy YGG

Yield Guild Games Partnerships

Source: Yield Guild Games

Yield guild games (YGG) has partnered with several DeFi projects and blockchain-based gaming platforms to offer yield farming opportunities to its players and also unique gaming experiences while earning token rewards. Some of the notable partnerships include Nas Academy, Aave, Decentraland, Compound, CryptoKitties, MakerDAO, The Sandbox, Axie Infinity, Kyber Network, Chainlink, Terra, Anchor, Polygon, Bancor, Ocean Protocol, Ren, Huobi, and PowerPool.

Through these partnerships, yield guild games provide users with access to a vast pool of DeFi opportunities, including yield farming, lending, borrowing, trading, and more. With these partnerships, yield guild games aim to create a vibrant and thriving gaming community that leverages the power of blockchain technology to provide players with unique and rewarding gaming experiences.

Recent Developments

Yield guild games made great strides in 2022. The guild accomplished several notable achievements that allowed it to grow and thrive as a community. One of the standout accomplishments was the purchase of 34 Castaways Genesis Character NFTs, which were worth a total of $29,056. With this purchase, yield guild games were able to produce more NFTs for its members and foster a thriving community in Castaways.

The 2x rewards program for liquidity providers of SushiSwap’s YGG/ETH Onsen liquidity pool came to a successful conclusion in January 2023. For 15 months, the community was able to distribute over 3.9 million YGG tokens to its members.

In April 2022, yield guild games launched its Guild Advancement Program (GAP) to reward and acknowledge members who made significant contributions to the guild. This program aimed to help members build their digital identities and reputations within the community.

The guild also launched its Reward Vaults in July 2022, providing a long-term, sustainable reward program for YGG token holders. By staking their tokens, members gained exposure to other web3 game tokens like Aavegotchi’s GHST and Crypto Unicorn’s RBW.

Yield guild games Esports saw significant growth in 2022, with a focus on developing its leadership, players, and community. The guild hosted events, created esports boot camps, and initiated community streamer initiatives to foster the growth of the Esports community.

In January 2023, Yield Guild Games’ co-founder Beryl Li represented the guild at the World Economic Forum Annual Meeting 2023 (WEF23) in Davos, Switzerland, to share the potential of blockchain, tokenization, digital asset regulation, governance, and value creation on a global stage.

Finally, Yield guild games place a strong emphasis on its community and partnerships with the world’s best games and infrastructure projects. As of February 2023, the guild has over 80 games and infrastructure partners, including Mavia, Nyan Heroes, Synesis One, Solarbots, and many others.

Conclusion

Yield Guild Games is a decentralized platform that is reimagining the gaming experience through the integration of NFTs and DeFi. Its ecosystem is designed to provide a unique gaming experience that is both entertaining and profitable, bridging the gap between the gaming and investment communities. The YGG token serves as the backbone of the platform, enabling access to various yield farming opportunities and providing a governance mechanism for the community.

In addition, Yield Guild Games has formed alliances with some of the most powerful players in the DeFi space, and these partnerships demonstrate the platform’s commitment to delivering a seamless experience and ensuring its users have access to the latest DeFi opportunities.

As the platform continues to grow and mature, it has the potential to bring about a revolution in the gaming industry, providing gamers and investors with new and innovative ways to participate and make profits. Generally, yield guild games is a platform that is worth keeping an eye on for anyone interested in the intersection of NFTs, DeFi, and gaming.