Yield Guild Games, a decentralised autonomous organisation (DAO) for investing in Non-Fungible Tokens (NFTs) used in virtual worlds and blockchain-based games, is announcing the upcoming public sale of its native token, YGG.
The launch of the YGG token will allow Yield Guild to decentralize ownership of the guild to its stakeholders — especially its players — providing exposure to the value created by the NFTs and other crypto assets that Yield Guild invests in. The YGG token will also allow its holders to take an active role in future governance of the guild.
With the belief that virtual economies will be more valuable than real-world economies over time, Yield Guild combines NFTs and decentralized finance (DeFi) to bring yield farming to blockchain-based games.
The guild also adds value to these virtual worlds by investing to develop the content and economy of these games.
YGG Token Sale
The sale will commence Tuesday, 27 July 2021 at 10:00 AM EST / 10:00 PM SGT on SushiSwap’s new token launchpad platform, MISO, and will run for a duration of 24 hours.
Designed for simplicity and user-friendliness, YGG is one of the very first token projects to launch on MISO.
MISO | Minimal Initial SushiSwap Offering
List new tokens on Sushiswap by starting with a nice hot MISO
A Player-Owned Economy
The play-to-earn phenomenon in NFT gaming, which provides gamers with the opportunity to earn an income by spending their time and skill in-game, has seen exponential growth throughout 2021.
However, the movement is still in very early stages and Yield Guild is at the forefront of the play-to-earn category, making early-stage investments into the highest potential NFT games, often prior to the games’ official launch. This ensures priority access to the highest yielding NFTs for the guild’s benefit.
The goal of Yield Guild is to provide its members the opportunity to own a stake in its operations, take part in governance decisions, and share in the earnings and rewards accrued by the guild.
To date, Yield Guild has awarded 2,000 scholarships to onboard new players to Axie Infinity. Collectively, they have earned over 17 million Smooth Love Potions (SLP), converting to a value of over USD $2 million.
Similar to liquidity mining for a DeFi protocol, after the public sale, Yield Guild will offer a “community mining” program to reward its members. Those who have been provably engaged within the Yield Guild community prior to the public sale will be the first eligible to earn YGG tokens rather than buying them. Following the launch of the DAO, guild members will also be able to earn YGG tokens by completing various activities, such as winning their first game and providing coaching and guidance to other players.
Yield Guild has also grown its Discord community to 17,000 members (up from 2,500 in March 2021) and awarded Axie scholarships to 2,000 new players.
The YGG Token
Yield Guild is building a global community of play-to-earn gamers who play competitively to collect in-game rewards. In addition, the guild produces revenue through the rental of its community-owned NFTs to ensure optimal utilization and maximum yield of its assets for the benefit of its members.
Scholarships, as they are known, are a profit-sharing model where Yield Guild loans its NFTs to new players so they can start earning in-game tokens without having to invest any upfront capital in the required NFTs.
To date, Yield Guild has awarded 2,000 scholarships to onboard new players based in developing countries such as the Philippines, Indonesia, Venezuela, Brazil and India. Collectively, these scholars have earned over 17 million Smooth Love Potions (SLP), the in-game reward token in Axie Infinity, converting to a value of over USD $2 million.
Through investor funds raised, strategic investments in NFTs and other in-game assets, as well as rewards and tokens earned, the total value of Yield Guild’s crypto assets has nearly quadrupled since the guild was established in October 2020.
It has also made more than 10 investments including breeding Axies, purchasing virtual land in Axie Infinity, The Sandbox and League of Kingdoms, investing in rare NFTs in games including F1 Delta Time, Guild of Guardians and ZED RUN, and also acquired governance tokens in a range of DAO-based NFT games including Star Atlas, Ember Sword and Splinterlands.
The following is a list of Yield Guild’s recent partnership announcements with NFT games:
As play-to-earn evolves, Yield Guild’s portfolio will expand to include other games and virtual worlds as governed by proposals put forward and voting by the DAO.
The Yield Guild whitepaper is available in English, Spanish and Chinese.
For more information, visit our website and join our community.
Yield Guild website: https://yieldguild.io/