Yield Guild Games (YGG) is a decentralized autonomous organization (DAO), a type of gaming blockchain whose ecosystem operates on a play-to-earn and own-to-earn model. The YGG token utilizes the Web3 gaming model, allowing players to buy, sell, and rent game characters, skins, and other assets. Through Web3, players can also earn rewards by playing games, whether in the form of NFTs or cryptocurrencies.
YGG is based on the Ethereum network, and the YGG token serves as its governance and utility token. YGG token holders can vote on decisions within the decentralized autonomous organization, influencing investments in new games, the use of treasury funds, and partnerships for upgrades. All decisions are made by YGG token holders.
In YGG, users can stake their tokens to earn rewards or yield. Rewards are also earned by playing games, through gaming income, NFT rentals, and partner incentives. This can be understood as a combination of play-to-earn and own-to-earn processes. In play-to-earn, players earn rewards by playing games and completing missions, and also receive discounts on purchases in new games. In own-to-earn, players can sell or rent out their purchased in-game items, generating yield.
YGG also runs a scholarship program for players who don't own NFTs. YGG provides NFT loans to these players, allowing them to play games and earn. The earnings are then shared equally between the manager and YGG.
Whenever a new game launch event occurs, YGG token holders receive benefits, including exclusive access to the game for a limited time and opportunities to participate in community programs.
In short, this is YGG. It is evolving into a Web3 gaming infrastructure and guild coordination protocol, which will increase the on-chain reputation of the YGG token and allow for improvements in guild tools, an increase in game launch events, and the creation of a better ecosystem by improving staking and reward systems.
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