What is Yield Guild Games?
Yield Guild Games (YGG) is a global play-to-earn gaming guild that focuses on investing in non-fungible tokens (NFTs) applied in virtual worlds and blockchain-based games. The structure of YGG allows players who are part of the Decentralised Autonomous Organisation (DAO) to earn money by participating in partnered games.
Understanding the DAO Concept
A Decentralised Autonomous Organisation (DAO) is a blockchain-based framework where rules are enforced through smart contracts. These contracts are programs stored on a blockchain that execute automatically when specific conditions are satisfied. This model enhances transparency and trust among members, as decision-making processes are decentralised.
The YGG Token
The YGG token serves various purposes within the Yield Guild Games ecosystem. It can be staked in the YGG vault, allowing users to earn rewards in the form of additional tokens. Moreover, holding YGG tokens grants users voting rights and participation in decision-making processes for the YGG DAO, enabling them to influence the direction of the guild. Additionally, YGG tokens are used to pay for various services within the network.
Structure of Yield Guild Games
The guild comprises multiple subDAOs, each focused on specific activities and assets related to particular games. This structure enables users to leverage their assets effectively, optimising their overall yield from gameplay.
Opportunities Within the YGG Platform
The Yield Guild Games platform provides various opportunities for users to engage and earn passive income from a diverse array of play-to-earn NFT games. Some of the prominent games associated with YGG include:
- Axie Infinity
- Illuvium
- The Sandbox
- Ember Sword
Benefits of Joining Yield Guild Games
By joining Yield Guild Games, players gain access to a range of benefits, including:
- Opportunities to earn cryptocurrency while enjoying games.
- Access to exclusive NFTs and game assets.
- Participation in governance through voting on guild proposals.
- The ability to collaborate with other players within a community-focused platform.
Relevant Resources and Links
Comments are closed.