What is Yield Guild Games (YGG) and How Does it Work?

Trading Made Easy 2023-02-28 23:56:22

Yield Guild Games (YGG) is a decentralized gaming guild that allows players to earn cryptocurrency by playing blockchain-based games. The guild invests in virtual assets within games, such as in-game items and virtual real estate, and earns a return on investment through gameplay, renting or selling these assets. This revenue is then distributed among YGG members in the form of cryptocurrency.

YGG operates as a decentralized autonomous organization (DAO), meaning that it is governed by its community of token holders. These holders have the ability to vote on important decisions such as which games to invest in, how to allocate resources, and how to distribute revenue.

To become a member of YGG, players must hold a certain amount of the guild's native token, known as YGG. This token can be earned by contributing to the guild in various ways, such as playing games, recruiting new members, and providing liquidity to YGG trading pairs.

YGG is focused on investing in games that have the potential to generate long-term revenue streams for its members. These games are typically blockchain-based, meaning that they have built-in mechanisms for creating scarcity and allowing players to truly own and control their virtual assets. Some examples of games that YGG has invested in include Axie Infinity, The Sandbox, and Guild of Guardians.

Overall, Yield Guild Games is a unique and innovative platform that allows players to earn cryptocurrency by playing blockchain-based games. With its community-driven governance model, focus on long-term revenue streams, and commitment to investing in high-quality games, YGG is an excellent choice for anyone looking to earn cryptocurrency through gaming.

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