- One of the main reasons for the explosion on GameFI’s leading project Axie infinity is that Yield Guild Games (YGG) brought huge traffic towards the project. YGG is a decentralized autonomous organization (DAO) composed of both players and investors, and will in different games and NFT assets that runs in the same ecosystem by selling or renting already owned NFT assets to generate profit. This is currently the biggest gaming guild in the industry.
- The Yield Guild Games governance token is named YGG , with a total supply of 1,000,000,000.Users can obtain token and other exclusive information as activity rewards by staking YGG, which can be used for voting and participating in DAO governance, and paying for their network services.
- GameFI’s development trend: The annual direct revenue of the global traditional game market in 2021 will be between 157 billion and 200 billion USD, which is 21% more than that in 2019 before the global pandemic, and more than one-third of the world’s population (2.7 billion to 3.1 billion), are the game’s players. The entire game market has great development potential.
The rise of play to earn model has brought gamers a whole new perspective as well as economic incentive, players can earn considerable income through gaming. It has attracted the influx of millions of players as well as billions of dollars and will become a major trajectory for the crypto industry to follow.
- The importance of game guilds: GameFI has an entry point for payers, not only do players need to own a certain amount of NFT assets to participate, but also need to be familiar with gameplay and blockchain operations, which is not very beginner friendly. The game guild rents out its NFTs assets to enable players to participate at zero cost, and provides players with professional training which brings huge user increments to the game, which is crucial to the development of the game. With the increasingpopularity of GameFI and the intensified competition for game projects, the top game guilds will have a significant impact on the development of the game.
- YGG’s advantages: From the perspective of guild member numbers, fans, influence and ecology, YGG has become the pioneer of the GameFi track game guild, and has deployed projects like Axie Infinity, Zed Run, Alluvium, splinterlands, Star Atlas etc.
- Social media data:
- Twitter followers: 134.2k
- Discord followers: 83.6k
- Team and investment institutions: YGG team is from the board of directors of the Blockchain game alliance, the chairman of the cryptocurrency association, etc. The team is strong and investment institutions has the industry’s top VC A16z.
Personal Comments: The GameFI track has become an important development direction of the crypto industry, and is also the sector many developers look to when they wish to expand outside of the crypto industry. It is sought after by players as well as investors. With its own advantages, the game guilds can transport a large amount of users to the game, enhancing the game’s popularity and play a key role in the development of the game.
Therefore, the game guild will develop and grow along with GameFi. YGG has the advantages of a strong development team, good investors, and the largest number of guild members, it is currently an overlord of a game guild in the industry, deserving continued attention. Its official website address is