What are Yield Guild Games?
The Yield Guild Games token or YGG is the token powering the Yield Guild Games platform. The latter is a decentralized autonomous organization (DAO) for gaming NFTs. It provides a way for users to make a passive income by investing in gaming NFTs.
There is a total supply of 1,000,000,000 YGG tokens. This makes the supply deflationary, which, in turn, can increase the YGG price with time. They have been allocated as follows:
- 45% - Community;
- 24.9% - Investors;
- 15% - Founders;
- 13.3% - Treasury;
- 1.85% - Advisors.
For more details, you can check out the tracker above which will provide you with the YGG price history or the current Yield Guild Games price, among other things.
What are the Main Features of Yield Guild Games?
As discussed in the What is Yield Guild Games section, YGG is an NFT-based DAO. It became increasingly popular during the global pandemic in 2020.
Yield Guild Games holds large amounts of gaming NFTs that can be used to generate yield. In other words, it serves as a source of passive income.
YGG enables users to invest in digital assets used in Play-2-Earn (P2E) games and virtual worlds. These users can choose a SubDAO based on their preference such as the game they’re playing or location. Users can also create their own SubDAOs if there’s a community backing them.
One of the primary goals of this project is to create one of the largest virtual world economies that distribute profits among YGG token holders.
Yield Guild Games has received backing from Polygon, Delphi Digital, BlockTower Capital, Scalar Capital, Youbi Capital, Ascensive Assets, gumi Cryptos Capital, Animoca Brands, Sparq, Sfermion, and Flamingo, among many others.
Who Developed Yield Guild Games?
The idea behind the Yield Guild Games crypto project was born in 2018. It’s a Manila-based blockchain company co-founded by entrepreneurs Beryl Chavez Li, Gabby Dizon, and an unnamed co-founder a.k.a. Owl of Moistness.
Beryl Chavez Li holds a bachelor’s degree in International Business, Finance, and Economics from the University of Manchester and a master’s degree in Finance from the University of Cambridge. She has been working in the tech industry since 2012 and entered the world of blockchain in 2014. Besides YGG, she has also founded another blockchain company called CapchainX. Beryl Chavez Li is currently the CFO of YGG.
Gabby Dizon went to the Ateneo de Manila University where he earned his bachelor’s degree in Management Information Systems. He’s a professional game developer with more than 18 years of experience under his sleeve. His blockchain journey started in 2018. Gabby Dizon was also part of the founding team at Outplay Games, Altitude Games, Blockchain Game Alliance, Oasys, and Narra Gallery. He’s currently the CEO of YGG.
Owl of Moistness hasn’t revealed their identity. They have been in the crypto sector since 2018 and are serving as the CTO of YGG. Prior to YGG, Owl of Moistness worked at a blockchain gaming company called Axie Infinity.
The Yield Guild Games crypto project is advised by Delphi Digital co-founder Anil Lulla, Sky Mavis co-founder Aleksander Larsen, DAO expert Eric Arsenault, and blockchain veteran Joe Mahon.
