Headlines are updated in real time. Click on a headline to the left to read the news.
Yield Guild Games, often referred to as YGG, is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs) within the virtual world. The primary goal of YGG is to establish the world's largest virtual economy, optimize its assets for maximum utility, and distribute revenues among its stakeholders. YGG has gained significant traction in the realm of decentralized games, creating a community of players and investors who earn by investing in NFTs used in virtual worlds and blockchain-based games.
YGG was founded by Gabby Dizon, Beryl Li, and Owl of Moistness. Gabby Dizon, based in Manila, was part of the team that launched the Axie Infinity and Yearn Finance Communities. Beryl Li, a Cambridge University alumnus, is a seasoned entrepreneur who co-founded CapchainX and served as the president of the Cryptocurrency Society in 2016. Owl of Moistness, a blockchain developer, has built algorithms for numerous bots and NFTs, including Axie Infinity. Today, the YGG team has grown to over 20 members, with Nolan Manalo heading the gaming operations.
As of now, there are 74,275,864 YGG tokens in circulation, out of a maximum supply of 1,000,000,000 units. To support the YGG community, the gaming startup has allocated 45% of the total token supply, which will be gradually distributed over four years. Approximately 40% of the tokens will be distributed to investors and founders, with the remaining 15% allocated to the company’s treasury and advisors.
YGG tokens can be purchased on several exchanges. Some of the top exchanges for trading in YGG include OKEx, Gate.io, ZT, Uniswap (V3), and XT.COM.
YGG's primary use is within the realm of decentralized gaming. The organization's main revenue comes from leveraging YGG-owned NFT assets either directly or indirectly via a rental scheme. In this scheme, guild members use the assets in exchange for a portion of the in-game rewards going directly to YGG. The game also features a play-to-earn mechanism, where users receive native tokens for in-game activity.
YGG has seen a 9.61% increase in value in the last 24 hours, with a current market capitalization of $151,079,527. This growth has pushed YGG's ranking to #257 on the CoinMarketCap. In terms of technological advancements, YGG continues to invest in virtual world NFTs and expand its community of players and investors. The team is also constantly working on optimizing its assets and developing new strategies to maximize utility and revenue distribution.
Yield Guild Games (YGG) has been making significant strides in the crypto gaming space. Here's a quick rundown of the recent news about Yield Guild Games.
Despite the downturn in the broader crypto market, YGG announced the release of its YYG token on Sushiswap's MISO launchpad. This move shows the company's commitment to its mission, regardless of market conditions. Furthermore, YGG has been expanding its reach through strategic partnerships. It has teamed up with Nas Academy to launch a Web3 educational program, and with G4AL to develop a free-to-play RPG game called 'Elemental Raiders'.
YGG is not just about games and tokens; it's also about community and education. The company has launched its second scholarship program in CyBall, enabling players to use YGG assets to earn rewards. It has also partnered with Nas Academy to launch an online learning platform, Web3 Metaversity, aimed at educating anyone interested in web3, blockchain, and cryptocurrency.
However, it hasn't been all smooth sailing for YGG. The company faced a challenge from the Merit Circle DAO, which proposed to return YGG's initial seed funding, claiming YGG does not bring value as an investor. Despite this, YGG continues to push forward, focusing on growth and product development.
In conclusion, Yield Guild Games news today shows a company that is resilient, innovative, and committed to its mission. It's worth keeping an eye on where to buy Yield Guild Games and the Yield Guild Games price today, as this company continues to make waves in the crypto gaming space.
Headlines are updated in real time. Click on a headline to the left to read the news.
Yield Guild Games, often referred to as YGG, is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs) within the virtual world. The primary goal of YGG is to establish the world's largest virtual economy, optimize its assets for maximum utility, and distribute revenues among its stakeholders. YGG has gained significant traction in the realm of decentralized games, creating a community of players and investors who earn by investing in NFTs used in virtual worlds and blockchain-based games.
YGG was founded by Gabby Dizon, Beryl Li, and Owl of Moistness. Gabby Dizon, based in Manila, was part of the team that launched the Axie Infinity and Yearn Finance Communities. Beryl Li, a Cambridge University alumnus, is a seasoned entrepreneur who co-founded CapchainX and served as the president of the Cryptocurrency Society in 2016. Owl of Moistness, a blockchain developer, has built algorithms for numerous bots and NFTs, including Axie Infinity. Today, the YGG team has grown to over 20 members, with Nolan Manalo heading the gaming operations.
As of now, there are 74,275,864 YGG tokens in circulation, out of a maximum supply of 1,000,000,000 units. To support the YGG community, the gaming startup has allocated 45% of the total token supply, which will be gradually distributed over four years. Approximately 40% of the tokens will be distributed to investors and founders, with the remaining 15% allocated to the company’s treasury and advisors.
YGG tokens can be purchased on several exchanges. Some of the top exchanges for trading in YGG include OKEx, Gate.io, ZT, Uniswap (V3), and XT.COM.
YGG's primary use is within the realm of decentralized gaming. The organization's main revenue comes from leveraging YGG-owned NFT assets either directly or indirectly via a rental scheme. In this scheme, guild members use the assets in exchange for a portion of the in-game rewards going directly to YGG. The game also features a play-to-earn mechanism, where users receive native tokens for in-game activity.
YGG has seen a 9.61% increase in value in the last 24 hours, with a current market capitalization of $151,079,527. This growth has pushed YGG's ranking to #257 on the CoinMarketCap. In terms of technological advancements, YGG continues to invest in virtual world NFTs and expand its community of players and investors. The team is also constantly working on optimizing its assets and developing new strategies to maximize utility and revenue distribution.
Yield Guild Games (YGG) has been making significant strides in the crypto gaming space. Here's a quick rundown of the recent news about Yield Guild Games.
Despite the downturn in the broader crypto market, YGG announced the release of its YYG token on Sushiswap's MISO launchpad. This move shows the company's commitment to its mission, regardless of market conditions. Furthermore, YGG has been expanding its reach through strategic partnerships. It has teamed up with Nas Academy to launch a Web3 educational program, and with G4AL to develop a free-to-play RPG game called 'Elemental Raiders'.
YGG is not just about games and tokens; it's also about community and education. The company has launched its second scholarship program in CyBall, enabling players to use YGG assets to earn rewards. It has also partnered with Nas Academy to launch an online learning platform, Web3 Metaversity, aimed at educating anyone interested in web3, blockchain, and cryptocurrency.
However, it hasn't been all smooth sailing for YGG. The company faced a challenge from the Merit Circle DAO, which proposed to return YGG's initial seed funding, claiming YGG does not bring value as an investor. Despite this, YGG continues to push forward, focusing on growth and product development.
In conclusion, Yield Guild Games news today shows a company that is resilient, innovative, and committed to its mission. It's worth keeping an eye on where to buy Yield Guild Games and the Yield Guild Games price today, as this company continues to make waves in the crypto gaming space.