YGG meaning in Cryptocurrency ?

Answer:

To learn more about this project, check out our deep dive of Yield Guild Games.

What Is Yield Guild Games (YGG)?

Yield Guild Games (YGGs) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs). The organization’s objective is to develop the world’s largest virtual economy, optimize its assets to maximize utility and share revenues with its stakeholders.

In decentralized games, Yield Guild Games has built a community of players and investors who make money by investing in NFTs, used in virtual worlds and blockchain-based games. People became more eager to participate in play-to-earn games due to the pandemic, which helped the platform grow in popularity.

Who Are the Founders of Yield Guild Games?

The company behind the Yield Guild Game is a Manila-based game studio founded by Gabby Dizon, a part of the team that launched the Axie Infinity and Yearn Finance Communities. Beryl Li and Owl of Moistness co-founded the Game studio. Beryl Li is an entrepreneur, an alumnus of Cambridge University who has also served as a president of the Cryptocurrency Society in 2016. She is also a co-founder at CapchainX and is a licensed financial consultant. Owl of Moistness is a blockchain developer; he has built algorithms for many bots and NFTs, including Axie Infinity.

Today, the Yield Guild Game team has grown to over 20 members, with Nolan Manalo (also known as Nate) as the head of the gaming operations.

What Makes Yield Guild Games Unique?

The DAO’s principal revenue comes from leveraging YGG-owned NFT assets directly or indirectly via a rental scheme in which members of the guild use the assets in exchange for a portion of the in-game rewards going directly to YGG. For in-game assets such as land, third parties (non-guild members) can generate revenue by conducting economic activities on that in-game land.

NFT ownership will gain from an increase in the economic worth of the in-game asset reflected in the value of its NFT on the open market.

The game also contains a play-to-earn feature, where users receive native tokens for in-game activity.

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How Many Yield Guild Games (YGG) Coins Are There in Circulation?

In the last 24 hours, Yield Guild Games has had a 9.61% increase in value. With a current market capitalization of $151,079,527, the current CoinMarketCap ranking is #257. YGG coins are now in circulation in 74,275,864 units, with a maximum supply of 1,000,000,000 units.

To support the YGG community, the gaming startup has set aside 45% of a total token supply of one billion tokens. The tokens will be distributed gradually over four years, according to the business. In addition, about 40% of the tokens will be distributed to investors (24.9%) and founders 15%), with the remaining 15% going to the company’s treasury and advisors.

How Is the Yield Guild Games Network Secured?

YGG built a subDAO to host a specific game’s assets and activities. Assets in the subDAO are bought, owned and controlled by the YGG treasury through a multisignature (multisig) hardware wallet to ensure maximum security. The players’ community would be able to put assets to work through smart contracts.

When Will Yield Guild Games Trading Begin?

Trading of the Yield Guild Game began on July 27, 2021.

Can Yield Guild Games Coin Hit $1?

The live Yield Guild Games price at the time of creating this piece is $2.03.

Where Can You Buy Yield Guild Games (YGG)?

There are many exchanges where you can buy the YGG coin; the top exchanges for trading in Yield Guild Games are currently OKEx, Gate.io, ZT, Uniswap (V3) and XT.COM.

If you find buying this cryptocurrency difficult, we have a guide that can help you out.

reference

Full Form	Category
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