It also enables guild members to rent and use the community-owned NFT assets to earn in-game rewards. This model allows players of the same NFT game to work together to maximize their in-game profits. Each SubDAO has its own set of rules to manage the activity and assets of the respective play-to-earn game. YGG is made up of multiple SubDAOs, which consist of groups of players from a specific NFT game or geographical location. It serves many different purposes, such as carrying out governance decisions voted by the community, issuing rewards, and facilitating NFT rentals. The YGG DAO is an open-source protocol with rules enforced by smart contracts. Yield Guild Games combines Decentralized Finance (DeFi) and NFTs to create a metaverse economy on the Ethereum blockchain. This inspired him to co-found Yield Guild Games with Beryl Li in 2020 to help gamers thrive in the world of NFTs and blockchain gaming. Understanding that blockchain gaming can be an empowering tool for those living in developing countries, Dizon started lending his Axies to other players who couldn’t afford to buy their own. At that time, many gamers were looking to get started in the popular NFT game Axie Infinity, but they lacked the money to buy the in-game NFT characters called Axies. Gabby Dizon, the YGG co-founder and CEO, noticed that blockchain gaming was trending in Southeast Asia. The idea of creating a global play-to-earn gaming community arose in 2018. The term metaverse refers to the many elements of blockchain-based digital worlds, including digital land, digital assets, and more. These games are part of a broader concept known as the metaverse. Yield Guild Games (YGG) is a Decentralized Autonomous Organization (DAO) that invests in non-fungible tokens (NFTs) used in blockchain games. Yield Guild Games is building a P2E community and offering a solution to these players, so they can get started with NFT gaming. While the P2E trend has attracted millions of people around the world, gaming NFTs are not affordable for many players, especially in developing countries. Since the success of Axie Infinity, the space of play-to-earn (P2E) blockchain games has been growing rapidly. Their goal is to build a network of players and investors who help each other get started and grow in the NFT gaming space. It’s a community that invests in NFT assets and connects blockchain gamers around the world. Yield Guild Games (YGG) is a gaming guild focused on blockchain play-to-earn games.
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