What is Yield Guild Games (YGG)?
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that focuses on investing in gaming NFTs and fostering a global community of blockchain gamers.
Background
Formed to support the growing NFT gaming sector, YGG operates as a “guild of guilds,” encompassing multiple SubDAOs each dedicated to specific NFT games or regional player groups. This structure enables effective management of assets and activities tailored to different segments of the play-to-earn gaming ecosystem.
How It Works
YGG centralizes its NFT assets in a community-managed treasury. These assets are distributed among various SubDAOs, each responsible for a specific game or region. Members of YGG can engage with the DAO by participating in governance, staking YGG tokens for rewards, accessing premium content, or using the tokens for services on the YGG platform.
Key Takeaways
- NFT Gaming Focus: Invests in gaming NFTs to support and expand the play-to-earn gaming ecosystem.
- DAO Structure: Operates as a DAO with SubDAOs managing different gaming or geographical areas.
- Community-Managed Treasury: Central treasury holds all NFTs, with assets allocated to SubDAOs based on their specific needs.
- YGG Token Utility: The YGG token is used for governance, staking, accessing premium content, and paying for platform services.
- Global Network: Aims to build a worldwide network of players and investors to accelerate the adoption of NFT gaming.
