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Investing In Yield Guild Games (YGG) – Everything You Need to Know

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Yield Guild Games (YGG) is a next-gen decentralized autonomous organization (DAO) with a focus on blockchain play-to-earn games. The project seeks to leverage the weight of the community to help drive NFT and metaverse gaming to the next level. To that extent, the developers envision Yield Guild Games becoming the biggest virtual world economy in the market.

What’s a Gaming Guild?

A gaming guild is a community of players who play together often. They collaborate their efforts for the mutual benefit of all. The larger your guild and the more influence you can exert on a gaming platform. As such, gaming guilds are now more popular than ever, as gamers are eager to gain any advantage on their favorite titles, even more so now that there are real-world profits involved.

Yield Guild Games (YGG) - Twitter

Yield Guild Games (YGG) – Twitter

What Problems Does Yield Guild Games Attempt to Fix?

There are some major pain points that Yield Guild Gamers targets. For one, it helps to eliminate new user confusion. The protocol helps solve this problem by coordinating players around the world to earn crypto-based rewards. Focusing the group’s efforts helps drive the project's selected token values and helps provide support for anyone with questions regarding the title.

NFTs

Yield Guild Games focuses on NFTs (non-fungible tokens) in the play-to-earn gaming sector. NFTs are unique digital assets. They can be set up to represent a singular asset such as an avatar or an in-game item. They can also be created by gamers during gameplay which adds an entirely new element to the play to earn economy.

The Yield Guild Games leverages a community voting mechanism to find the best NFT to invest in. They will then leverage the community vault to purchase these assets, such as virtual real estate. Users can even borrow virtual assets from the guild at low rates to improve their exposure to the market.

Metaverse Adoption

Yield Guild Games' developers have stated the protocol is a community of metaverse settlers. A Metaverse is an immersive 3d virtual world where users can create items within the landscape. These items can be NFTs that can then be traded on any exchange that supports these digital assets. The protocol helps new users get involved through its NFT borrowing structure.

Benefits of Yield Guild Games

There are some serious benefits to consider that Yield Guild Games brings to the market. For one, it finally helps to organize the massive community of NFT gamers in the market. This unity can help the community push through helpful features and additions that drive profits for everyone. Community members, players, and contributors all gain a chance to secure returns by participating in the Yield Guild Games ecosystem.

Yield Guild Games (YGG) - Homepage

Yield Guild Games (YGG) – Homepage

Educational

Another major upside of the Yield Guild Games approach is the educational aspects of the protocol. New players learn how to safely and responsibly manage their earnings when they join the community. They can ask the community valuable questions and receive honest feedback on protocols and tokens. Users can secure returns contributing to the community and improving their understanding of the play to earn blockchain space.

Passive Income

If you want to be successful, you will find that focusing on passive income is one of the best ways to free up your time. Passive income is a critical component of financial freedom. As such, it’s recommended everyone secure as much passive income as possible. The Yield Guild Games offers passive income to its community via a staking protocol.

Notably, the network has already proven to be a serious form of income for players in developing nations. Specifically, there are players in the Philippines that have been able to earn a real salary by playing the play-to-earn game Axie Infinity. This success had led others to join in on the actions as an alternate way to secure profits during quarantine.

How Does Yield Guild Games Work?

Yield Guild Games works by bringing together the vital people within the P2E community. The network enables people to stake their YGG tokens to vote on matters concerning the development of the community and the use of its funds. The group also invests in NFTs that have the potential to provide returns that are then split amongst token holders.

Community Managers

Community managers are special nodes within the Yield Guild Games network. These nodes earn commissions for certain tasks. They can secure rewards for recruiting and training new players. The mentorship program enables new plays to gain more returns while mentors earn profits for their help.

YGG - CoinGecko

YGG – CoinGecko

Token

The YGG token is a crucial component of the Yield Guild Games network. YGG is the main governance token for the system. Users stake these tokens to vote for proposals put forth by others in the community. You can also pay for transactions and send value using YGG. The token can be staked as well which makes it a versatile asset.

History

In 2018, the founders of Yield Guild Games, Beryl Li, and Gabby Dizon began earning serious returns on their Axie Infinity gameplay. They were so successful that their friends soon wanted to join in the action. To help jump-start their gaming experience, the founders lent them some NFTs and helped them navigate the gaming title.

In a short period of time, their friends were making more than their work salaries playing Axie Infinity. Recognizing the potential for returns for the community, the two went off to create Yield Guild Games. In 2020, Yield Guild Games entered the market officially.

How to Buy Yield Guild Games (YGG)

Currently, Yield Guild Games (YGG) is available for purchase on the following exchanges.

Uphold – This is one of the top exchanges for United States & UK residents that offers a wide range of cryptocurrencies. Germany & Netherlands are prohibited.

Uphold Disclaimer: Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong..

Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.

The exchange offers trading access to over 190 countries including Australia, Canada, Europe.  While Kraken accepts residents of the United States (Excluding New York & Washington state), access to Yield Guild Games (YGG) is restricted.

Yield Guild Games – Power in the People

The social movement within the gaming and the investment sectors has revolutionized how the markets operate. Now that regular traders can organize and focus efforts in a cohesive manner, there are a lot more earning opportunities to be had. Projects like Yield Guild Games drive innovation and helps communities benefit from working together. You can expect to see more from this network moving forward.

David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com