In the past few years, Web3 games have gone from boom to bust, and the illusion of P2E has pretty much shattered, leaving only those projects that can genuinely generate data and cash flow. $YGG happens to be one of them. YGG, short for Yield Guild Games, is one of the earliest guilds in blockchain gaming, focusing on game asset lending and Play-to-Earn opportunities. Founded in 2021 by Ryan Li and others, it has raised a total of $37.5M in funding support, backed by leading institutions such as a16z crypto and DWF Labs. Recently, it has also been quite active, seemingly preparing for a big move. Last week, it completed a $1 million buyback, bringing the total buyback amount to $1.5 million, which clearly indicates the project's strong confidence in the market. A series of positive news has also provided good support for its market capitalization, currently $YGG token situation.
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