Article with highlighted news from Yield Guild Games

@Yield Guild Games ($YGG) is a decentralized autonomous organization that invests in Play-to-Earn - P2E gaming. It essentially operates a gaming scholarship program where members can earn cryptocurrency by using NFT assets in games for free. A well-known decentralized autonomous organization or DAO in the NFT world. YGG is helping the P2E metaverse ecosystem grow rapidly.
​Yield Guild Games was founded in 2020 by Gabby Dizon, Beryl Li, and Owl of Moistness - Owen Tan. Their main goal was to create a world where gaming would not only be entertainment, but also a legitimate means of economic prosperity.
​Initially, their focus was on popular blockchain-based games, such as Axie Infinity. These games required NFT assets to play, which was quite expensive for many. To overcome this obstacle, YGG came up with an innovative solution—the scholarship program.
Yield Guild Games most important and first success is their scholarship program. Through this program, the guild lends gamers NFT assets they own. Scholars earn by playing games and YGG play takes a portion of that income and they share the rest themselves. This model has brought economic independence, especially in the Philippines and other developing countries. Many people who were not able to access games like Axie Infinity, started earning through YGG Play. In some cases, this income was higher than the local average salary. This program helped YGG Play grow its membership rapidly, making it one of the largest gaming guilds in the world.
​After the initial success, YGG Play did not limit itself to Axie Infinity. They expanded their horizons and began strategic investments in other promising blockchain games.
​YGG Play has invested in numerous projects such as The Sandbox, Illuvium, Star Atlas, Splinterlands, Sipher. This has helped them build a strong and diversified portfolio by keeping their assets out of the risk of a single game.
​With an eye on local market needs and gaming projects, YGG Play has created sub-DAOs for different geographies and gaming genres. For example, YGG Southeast Asia, IndiGG- India, and Ola Guild Games- Latin America were formed under this model. These sub-DAOs make the gaming ecosystem more relevant and accessible to local members.
​YGG Play was able to attract significant investments from leading venture capital firms such as Andreessen Horowitz and Delphi Digital in its early days. The Initial DEX Offering was completed very quickly and successfully during their YGG token launch in July 2021, which is a testament to the huge interest from their community and investors.
YGG Play’s key achievements in a nutshell :
​Turning gaming from mere entertainment into a legitimate source of income. ​NFT Scholarships To remove financial barriers to entry into blockchain gaming. To build a massive gaming network with thousands of active members worldwide. To play a key role in shaping the future of blockchain gaming. To operate as a fully decentralized organization, where important decisions are made through the voting of token holders.
In short, ​YGG Play has changed the economic model of blockchain gaming forever. They have shown how the combined power of the community and the use of NFT assets can create economic opportunities in the gaming world, which can impact the lives of millions of people worldwide. Yield Guild Games has taken gaming beyond mere entertainment, establishing it as a powerful economic and social empowerment tool, which has led to their greatest success to date.
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