Yield Guild Games is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based development games. The organization's mission is to create the largest virtual world economy, optimizing community-owned assets for maximum utility and profit sharing with token holders.
Yield Guild Games is based on the concept of creating sustainable virtual economies and empowering members to thrive in virtual environments. Because the team behind Yield Guild Games believes that virtual economies will become more relevant, even more useful than real-world economies. The development team is empowering users to create assets within their metaverse. Metaverse is a general term used for the elements that form the virtual world, including the people and objects that form a virtual ecosystem.
When GameFi (the intersection of blockchain games and decentralized financial markets) was budding, Yield Guild Games operated under the mechanism of a DAO, which focused on in-game NFTs and decentralized game investments. focus, aiming to accumulate wealth in the emerging virtual world economy. Yield Guild Games' core business can be described as a hybrid between Berkshire Hathaway and Uber, in the sense that Yield Guild Games is obtaining a wide variety of NFT assets from various money-making games and for those play need initial capital (in NFT game) to make money.
Since players initially needed Axies to farm SLPs in Axie Infinity, some Axie holders began to rent out or provide "funding" services to players without initial capital. The recipients of this funding pay a specific amount of interest to the NFT lender. Yield Guild Games has taken the sponsorship model to a larger scale by offering NFTs to new players so they can start playing immediately without any upfront costs. Players get 70% of the earnings, the community manager gets 20% off, and Yield Guild Games keeps the remaining percentage.
Yield Guild Games Activities
The goal of Yield Guild Games is to maximize the value of NFTs used in virtual worlds and games developed on blockchain. Its protocol is automated by smart contracts, led by consensus through a DAO based on the governance and voting proposals of a network of token holders.
Yield Guild Games activities include:
Yield Guild Games business model
Yield Guild Games has rapidly expanded its revenue stream through its treasury, speculating in a diversified portfolio of profitable assets. As of September 2021, Yield Guild Games holds approximately $850 million in treasury, including in-game NFT assets, liquidity tokens, and locked DeFi tokens.
As technology allows more people to move online than they do in real life, an entire digital economy is growing inside these new virtual worlds, known as the “metaverse”. Yield Guild Games' business model builds real-world value from basic synthetic economics.
Business thesis
The value of all activities in Yield Guild Games will be calculated using the fully diluted market capitalization of the YGG governance token.
Selection Criteria
The Yield Guild Games business thesis requires the following elements of a Play-to-Earn game to make it suitable for selection by the DAO:
Start the plan
At the launch of the treasury and guild, the project will focus on the following Play-to-Earn games, which have shown strong potential and community support:
As Play-to-Earn grows, Yield Guild Games' portfolio will expand to other games that meet the profitability criteria and requirements outlined above.
Some other games
To bring more people to the metaverse through GameFi, Yield Guild Games has actively established partnerships with game makers. At the same time, they also add more NFT assets to their portfolio so that the community can explore diverse genres and ecosystems. Currently, Yield Guild Games has nearly 63,000 community members and owns 38,000 NFTs worth about 18 million USD, including rare items in 12 games (and the number is still growing). Some games (aside from Axie Infinity) that show strong potential include:
Yield Guild Games acts as an index of potential blockchain games. Games must meet 03 criteria for Yield Guild Games to participate as an investor. Namely, owning purchasable virtual land, native tokens, and a reward engine in the economy. By investing in new NFT games early, Yield Guild Games can obtain exclusive items to give Yield Guild Games users a competitive edge over other non-guild players, boosting higher level of interaction and thus increase the probability of game success.
As a DAO, Yield Guild Games has its governance token YGG tokens, which can be used to vote on business-related decisions and stake rewards. The community has received a significant portion of the token supply with up to 45% of the token supply reserved for community members.
To further optimize the DAO and engage it with the community, Yield Guild Games introduces dedicated subDAOs for every game it owns. Each subDAO has its own wallet and governance token, allowing guild members to vote on customizing development strategies, reward mechanisms, and even representative cultures across the globe (for example For example, Vietnam and the US will have their own guilds and rules for Axie Infinity). Yield Guild Games SEA is a prime example of the first subDAO that mainly focuses on underserved markets in Southeast Asia such as Indonesia, Thailand and Vietnam to help grow the gaming community.
These subdivisions will offer greater flexibility and scalability as new games are introduced, along with growing membership, providing more efficient management and a sense of community. more localized to a wider range. In short, the YGG DAO consists of many subDAOs that contribute to the collective center in different ways.
In comparison, subDAO is like a ship, the community managers will be the captains driving the growth of their small guilds through a variety of tactics including recruitment, education and leadership. Through training sessions, a subDAO allows players to improve their skills to earn more rewards. At the same time, the better the guild members perform, the more revenue Yield Guild Games earns.
The success of the subDAOs is pivotal to the growth of Yield Guild Games in general, as the main DAO owns proportional tokens in each subDAO, thus enjoying the proceeds from the companies. child. For example, Yield Guild Games can benefit from an increase in NFT assets and profits generated from League of Kingdom by holding its YGGLOK sub-token.
The product development roadmap will be continuously reviewed and perfected over time, in line with YGG DAO's wishes.
Development team
The company behind Yield Guild Game is a game studio based in Manila, founded by Gabby Dizon - part of the team that started Axie Infinity and Yearn Finance Communities. Beryl Li and Owl of Moistness co-founded the game studio.
Today, the Yield Guild Game team has grown to over 20 members, with Nolan Manalo (also known as Nate) as the head of the game operations department.
Investors
The project has raised 22.4 million USD after 4 rounds. With the presence of many large investment organizations in the Crypto market such as: Andreessen Horowitz, ParaFi Capital, Delphi Digital, Animoca Brands, Mechanism Capital and many other famous organizations.
Partner
Yield Guild Games has cooperated and supported many blockchain games in the present time. Some outstanding games can be mentioned such as Axie Infinity, League of Kingdoms, Star Atlas… and many other titles.
YGG token is the governance token of the YGG ecosystem.
YGG token details:
Token Allocation:
Seed round investors will have 20% of their allocation released at the launch of the network. 80% of their token allocation will have a 1-year lock-up period and then their tokens will be allocated in turn for 1 year after the lock-up period.
Series A Tranche A investors will be locked out for 2 years. Series A Tranche B investors will be locked out for 1 year.
The value of YGG tokens derives from the following:
YGG tokens can be used for the following:
YGG tokens are now available on most of the major exchanges in the market.
Unlike traditional games, where in-game items have value only in a specific game and are controlled by the game moderator, blockchain in-game items are 100% owned. player and can be converted into real money (stablecoin or Fiat). NFT and blockchain primitives allow new games to decouple from the central market and grant ownership of assets to players. Players can now decide how their virtual assets will be used on their own terms.
In addition, some NFT games, such as Axie, introduce a breeding function, allowing gamers to breed new creatures with unique traits, adding value to their NFT collection. These innovations coupled with Play-to-Earn mechanics are likely to drive more player adoption and retention. It also encourages more aspiring gamers to invest their time and effort in NFT gaming and pursue it as a career path to earn a daily income. The Yield Guild Games sponsorship program is dedicated to this idea and aims to enrich millions of people worldwide through this novel economic concept.
In addition, the role of the community managers of Yield Guild Games not only trains players to be the best, possible to achieve the desired income, but also teaches them one of the most important skills. in this decade, it's about understanding cryptocurrencies. By learning how to convert game tokens to cash via a DEX, players exposed to the GameFi world for the first time can be ready to learn more complex concepts in the blockchain ecosystem such as staking and farming. This means that Yield Guild Games can act as an introduction mechanism for newcomers to the crypto game and potentially attract more talent to join the guild. Suffice to say, gamers can look to Yield Guild Games as a supportive leader to guide them on this exciting journey.
Along with the growth of active users, the global games market is predicted to reach a value of approximately USD 365 billion by 2025, corresponding to a CAGR of 16%. In parallel, the percentage of revenue generated from virtual goods purchased in games has also trended upward over the past decade, potentially reaching 95% of total game revenue in the next 5 years.
With this positive outlook, Yield Guild Games can capitalize on this market and become one of the earliest strategic investors in the GameFi industry. Although new technology trends always come with risks, huge rewards are still likely to await those who dare to take risks in the early stages of GameFi.
Currently, Yield Guild Games' income is heavily dependent on Axie Infinity, so they will need to rely on the continued success and growth of the Axie Infinity ecosystem to remain profitable. The DAO has been investing in many Web 3.0 games to diversify its portfolio and reduce the risk of a decrease in the value of an individual holding.
Another risk that Yield Guild Games faces is that most P2E-based games are characterized by monetization, which will not be sustainable in the long run. Players may prioritize making money over play and will forego the fun if it no longer provides the expected dynamics.
With that said, Yield Guild Games needs to work with crypto game developers to continually redesign an economy that prioritizes culture and builds community. In addition, the incentive structure in GameFi needs to be adjusted to match the player's time commitment and loyalty to the game rather than purely financial incentives and constantly acquiring new users.
As technology advances, more and more individuals enter the online world and increasingly invest in digital identities. With Facebook recently changing its name to Meta, the world's eyes have turned to the potential future of the metaverse. GameFi has the potential to act as a trigger for the explosive growth of blockchains and wider Web 3.0 adoption. The market has already begun to react to this phenomenon, as evidenced by the massive investments in crypto gaming from tech giants like Microsoft and Ubisoft.
As an early adopter, Yield Guild Games is establishing itself at the forefront of the NFT gaming universe, by funding promising projects and building an army of gamers around the world. With that said, the future of Yield Guild Games is worth looking forward to.
To always know the latest information about the Yield Guild Games project, readers can visit the project's communication channels:
Website | Twitter | Discord | Medium | Telegram | Project information
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