Yield Guild Games (YGG) 是什么？

Yield Guild Games (YGG) is a gaming guild focused on play-to-earn blockchain games. It is a community that invests in NFT assets and connects blockchain gamers worldwide. Their goal is to build a network of players and investors to help each other get started and grow in the NFT gaming space.

Introduction

Since the popularity of “Axie Infinity,” the “play-to-earn” (P2E) blockchain gaming sector has been rapidly expanding. Although the P2E trend has attracted millions globally, many players, especially in developing countries, cannot afford to buy game NFTs, particularly NFT characters called Axies in Axie Infinity.

Yield Guild Games is building a P2E community and providing solutions to help these players start playing NFT games.

What is Yield Guild Games (YGG)?

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that invests in non-fungible tokens (NFT) used in blockchain games. These games are part of the broader metaverse concept. The term “metaverse” refers to various elements within blockchain-based digital worlds, including digital land, assets, and more.

The idea of creating a global play-to-earn gaming community emerged in 2018. Co-founder and CEO Gabby Dizon noticed the popularity of blockchain games in Southeast Asia. At that time, many gamers wanted to get into the popular NFT game “Axie Infinity,” but they lacked the funds to purchase NFT characters called Axies.

Dizon realized that blockchain games could be a tool to empower people in developing countries, so he started lending his Axies to players who couldn’t afford them. Inspired by this, in 2020, he co-founded Yield Guild Games with Beryl Li, aiming to help players thrive in the NFT and blockchain gaming worlds.

How does Yield Guild Games work?

Yield Guild Games combines decentralized finance (DeFi) and NFTs to create a metaverse economy on the Ethereum blockchain. YGG DAO is an open-source protocol governed by smart contracts. It serves multiple purposes, such as executing community-voted governance decisions, distributing rewards, and facilitating NFT leasing.

YGG consists of multiple SubDAOs, each formed by groups of players from specific NFT games or regions. Each SubDAO has its own rules for managing activities and assets related to their “play-to-earn” games.

This model allows players of the same NFT game to collaborate, maximizing in-game profits. It also enables guild members to rent community-owned NFT assets to earn in-game rewards. In return, those who lend NFTs via the DAO share a portion of the players’ earnings.

All NFTs and digital assets on YGG are stored in community-controlled vaults. These vaults provide NFTs for each SubDAO, including assets from multiple blockchain games.

YGG Sponsorship Program

To maximize the value and utility of game NFTs, YGG DAO launched an NFT leasing program called the Sponsorship Program. This idea was initially proposed by the Axie Infinity community, aiming to benefit both NFT owners and play-to-earn gamers.

In Axie Infinity, Axie owners can lend their assets to help new players get started, earning a share of in-game rewards. This process is managed via blockchain smart contracts, where sponsors can only use the NFTs in-game. Only the owners can trade or transfer the NFTs.

Similarly, YGG offers sponsorships to new players through profit-sharing models. These players can start playing and earning rewards using the lent NFTs. Sponsored players do not need to invest any funds upfront but share a portion of their earnings with the owners. Besides NFT sponsorships, new players also receive training and guidance from community managers.

The YGG Sponsorship Program is not limited to NFTs in Axie Infinity. The vault also contains virtual land in The Sandbox and Kingdoms League, virtual cars in F1 Delta Time, and assets from other play-to-earn games.

SubDAO

As mentioned earlier, YGG DAO is mainly composed of SubDAOs. You can think of SubDAOs as localized communities within the main YGG DAO. These communities are formed by players from specific P2E games or regions. For example, there are SubDAOs dedicated to Axie Infinity players, The Sandbox players, Southeast Asian players, and more. Players are grouped into different SubDAOs, where they discuss game strategies and help each other improve.

Each SubDAO manages its own activities and assets according to its rules and conditions but still contributes earnings to the YGG DAO. A SubDAO typically has a community leader, a wallet, and a SubDAO token. Token holders can earn a share of the game-generated revenue based on their contributions. They can also propose and vote on governance decisions related to the SubDAO, such as whether to buy more in-game NFTs or how to manage assets.

What is YGG Token?

Yield Guild Games (YGG) token is an ERC-20 token that grants governance rights in the YGG DAO. Its total supply is 1 billion tokens, with 25 million YGG tokens successfully sold in an IDO on SushiSwap in 2021. To support the community, 45% of the total supply is reserved and will be gradually distributed over four years.

As the native platform token, YGG can be used to pay for network services, earn rewards through staking in the YGG yield pool, or unlock exclusive content on the YGG Discord channel. Holders can also submit proposals and vote on decisions related to the guild’s technology, products, projects, token distribution, and overall governance. Winning proposals that are implemented in the DAO are rewarded with YGG tokens.

YGG Yield Pool

YGG DAO employs a liquidity mining approach different from most DeFi staking platforms. Typically, tokens are staked to earn fixed interest. On YGG, each yield pool represents a reward plan for specific activities operated by the guild. For example, one pool might offer rewards based on the sponsorship program’s performance, while another rewards stakers based on Axie breeding activities.

YGG also plans to develop an integrated super-index yield pool representing all revenue-generating activities within its ecosystem. This pool will reward stakers based on income from subscriptions, merchandise, rentals, vault growth, and SubDAO performance.

Token holders can stake their tokens to support these activities, with rewards distributed proportionally based on the amount staked via smart contracts. Rewards may include YGG tokens, ETH, or stablecoins, depending on the pool’s design.

Summary

YGG is building a decentralized community in the real world through a unique profit-sharing model. It offers participants opportunities to thrive in virtual worlds through innovative gaming economies. As metaverse projects rise, many newcomers and crypto enthusiasts will flock to NFT guilds like Yield Guild Games, especially those seeking additional income streams from play-to-earn NFT games, benefiting the guild significantly.

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