Yield Guild Games

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that focuses on investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games built on Ethereum. The organization was founded in 2020 by Beryl Li and Gabby Dizon, who aimed to create a global network of players and investors that would help each other get started with NFT games.

The idea for YGG began in 2018 when Gabby Dizon, a gaming industry veteran, started lending his own Axies to other Axie Infinity players who couldn’t afford them. This initiative helped Filipinos create an additional source of income during the pandemic by playing games. By October 2020, it was clear that this model was successful, leading to the creation of YGG with the mission of onboarding millions of people into the play-to-earn revolution.

YGG has grown significantly since its inception. By March 2022, the project already had more than 20,000 scholars, and it continues to invest in various play-to-earn games and NFTs, such as Axie Infinity, The Sandbox, and League of Kingdom, to name a few.

Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that allows players to participate in play-to-earn blockchain games without needing to invest in expensive non-fungible tokens (NFTs) upfront. Here's how it works:

YGG owns NFTs such as characters, tools, or land in various blockchain games and lends them to players, known as "scholars." In return, the scholars share a portion of their in-game earnings with YGG. This model opens up economic opportunities for users and creates a passive income stream for the guild, which it reinvests into purchasing more assets.

YGG has implemented SubDAOs for specialized management. These are subdivisions within the guild that focus on specific games or regions. Each SubDAO operates under the broader umbrella of YGG but has the autonomy to tailor strategies and manage assets according to the specific needs of their focus area. This allows YGG to scale its operations effectively while ensuring that local or game-specific qualities are managed properly.

Players earn by achieving in-game objectives, which can include winning battles, completing quests, or farming virtual resources. As players contribute to the game economy, they earn tokens or other in-game assets, part of which is shared with YGG. YGG offers several ways for investors and token holders to engage with its ecosystem. By purchasing YGG tokens, investors gain voting rights in the DAO's governance, influence the guild's decisions, and participate in the financial benefits of the guild's activities.

YGG is an ERC-20 token that gives holders the right to participate in the governance of the YGG DAO. It has a total supply of 1 billion tokens, and 25 million YGG was sold via an Initial DEX Offering (IDO) on SushiSwap in 2021. To support the community, YGG has set aside 45% of the total supply to be distributed to users gradually over four years. As the platform's native token, YGG is used to pay for services on the network, can be staked to earn rewards in the YGG vaults, or used to unlock exclusive content on the YGG Discord channel.

YGG is made up of different community members, players, and contributors who help each other get onboarded and earn income through play-to-earn. Community Managers are active guild members who recruit and train new players, providing ongoing training and mentorship to help players improve their skill and better understand the games. They also help new players learn how to safely and responsibly manage their earnings in cryptocurrencies.

Overall, YGG combines decentralized finance (DeFi) and NFTs to create a metaverse economy on the Ethereum blockchain, providing a platform for players to collaborate, earn rewards, and grow together.

Yield Guild Games (YGG) has several strengths that contribute to its success in the blockchain gaming and decentralized finance (DeFi) space:

1. Decentralized Community: YGG operates as a decentralized autonomous organization (DAO), allowing members to participate in governance decisions and ensuring a community-driven approach.

2. Play-to-Earn Model: The platform leverages the play-to-earn concept, enabling players to earn real-world value through their in-game activities, which is a key strength in attracting gamers and investors.

3. Diverse NFT Portfolio: YGG acquires and manages a diverse portfolio of in-game assets, such as virtual land, characters, and items, across multiple play-to-earn games. This portfolio is then leased out to players, providing them with the necessary tools to succeed.

4. Revenue-Sharing Model: The guild operates on a revenue-sharing model, where a portion of the earnings generated by players is reinvested into acquiring additional in-game assets and expanding the guild’s presence in different games. This model ensures a sustainable income stream for both the guild and its members.

5. Supportive Community: YGG provides a supportive environment for its members, known as scholars, by assigning them experienced managers who offer guidance and optimize gameplay strategies to maximize earnings.

6. Tokenomics: The YGG token serves multiple purposes, including governance, incentivization, and economic transactions. The token distribution is designed to ensure sustainable growth and value accrual for the ecosystem and its participants.

7. Partnerships and Investments: YGG has invested in various popular play-to-earn games, such as Axie Infinity, Illuvium, Splinterlands, and Star Atlas, which helps to grow its presence and attract more gamers and investors.

These strengths have contributed to YGG's success and its potential for continued growth in the blockchain gaming and DeFi space.

Yield Guild Games (YGG) is associated with several risks. These include:

• Volatility Risk: The value of YGG can fluctuate significantly due to market conditions, making it a high-risk investment.
• Liquidity Risk: There may be limited liquidity for YGG, making it difficult to buy or sell the token quickly and at a fair price.
• Short History Risk: YGG has a relatively short history, which can make it challenging to assess its long-term viability.
• Demand Risk: The success of YGG is dependent on its adoption by users, and if demand is low, the token's value may decline.
• Forking Risk: Changes to the underlying blockchain or the YGG protocol can lead to forks, which can negatively impact the token's value.
• Code Defects: Bugs or security vulnerabilities in the YGG code can compromise the integrity of the platform and the token.
• Regulatory Risk: Changes in regulatory environments can affect the use, transfer, or value of YGG.
• Electronic Trading Risk: Technical issues with trading platforms or exchanges can impact the ability to buy or sell YGG.
• Cybersecurity Risk: Hacking or other cybersecurity breaches can compromise the security of YGG and its supporting blockchain.
• Adoption Risk: The success of YGG is dependent on the growth and adoption of the metaverse economy and the popularity of NFTs as digital collectibles.
• Legal and Regulatory Risks: Lack of legal or regulatory obligations for the YGG community to disclose material information can make it difficult for investors to make informed decisions.

• Gabby Dizon: Co-founder of Yield Guild Games (YGG), known for his passion for computer games and his role in shaping the Web3 gaming industry.
• Beryl Li: Co-founder of YGG, with a background in finance and expertise in financial use cases for DeFi and NFTs.
• Owl of Moistness: Co-founder and anonymous developer, met through the Axie Discord community.
• Jen Yu: Head of Design at YGG, involved in key discussions and AMAs about the platform's development.
• Mench Dizon: Country Manager of YGG Pilipinas, responsible for organizing events like the Web3 Games Summit and promoting YGG's activities in the Philippines.