<100 subscribers
Axie Infinity’s explosive growth signaled blockchain games are well-positioned to lead the way of mass adoption of cryptos, NFTs, the Metaverse, and blockchain technologies. Yield Guild Games (YGG) is a play-to-earn (P2E) blockchain gaming guild structured as a decentralized autonomous organization (DAO) that invests in revenue-generating NFT assets and games. YGG’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.
YGG is a Metaverse investment fund that invests in the best yield generating assets. Active players can borrow these assets to play games and earn incomes. YGG lowers the cost to enter P2E games and onboards new users to cryptos. Players can play any game they like while capitalizing on their skills. YGG is a Metaverse job board in emerging economies where people can earn additional incomes from playing games. YGG may reshape the future of work.
YGG bootstraps P2E games and grows in-game economies. In addition to investing in digital assets and governance tokens, YGG brings player liquidity to emerging P2E games. Any virtual world needs a certain minimal amount of players to be fun to play. YGG is building a decentralized global community of P2E gamers. YGG can provide human liquidity that boosts daily active users and vitalizes in-game economies. YGG incubates both P2E games and gamers and aligns the interests of all parties and creates a virtuous cycle.
YGG is a meta-guild, a guild of guilds. YGG invests in any game that fits its selection criteria and sets up subDAOs to host a specific game’s assets and activities. Active players in subDAOs run the game, vote on proposals, and manage the assets. There may be multiple subDAOs in the same game because rival guilds may still want to be under the YGG brand and capture YGG’s values. Smaller DAOs tend to build tighter communities and encourage more participation. YGG puts governance freedom back to its subDAOs. Historically coordinating members and capitals efficiently while allowing DAOs to grow and decentralize organically has been challenging. YGG’s subDAOs structure allows members to organize and explore the best options for their visions and needs. Targeting billions of gamers worldwide, YGG is likely to scale and sustain its growth via subDAOs.
A function of YGG token’s value is derived from the value of all its subDAO ownership. YGG token is similar to an index fund of emerging P2E economies in the Metaverse. YGG’s community mining program promises a fairer distribution of tokens. 45% of token supply is reserved for the community. YGG members have to contribute and add values to the community to earn YGG tokens. For example, YGG creates quest systems to allow players to earn both in-game assets and YGG tokens. This is a preferred way for members to earn tokens because many of them don’t have much capital to start with. YGG tokens resemble equities to its members who will earn YGG’s upside. In the future, members may stake their YGG tokens to earn more yield and collateralize their NFTs to take loans. YGG combines the best of NFT and DeFi, creating long-term values for its members. YGG has the potential to be the front-runner of the DAO revolution.
Jason
No comments yet