Currently, a number of blockchain-based games utilize the play-to-earn concept that is gaining popularity, one of which is Yield Guild Games (YGG). This game carries the metaverse concept, where players can get prizes for each completed mission.
Yield Guild Games (YGG) is an organization and community in the blockchain ecosystem that focuses on NFT (Non-Fungible Token) based games and in-game economies. It is important in connecting gaming with decentralized finance, benefiting online gamers and NFT enthusiasts.
YGG’s important role in the blockchain ecosystem includes opening access to the game economy and helping players manage assets, providing training and education to its members, building communities, and influencing game development.
On the other hand, YGG is also important for online game players and NFT lovers for several reasons, including opening income opportunities for online game players, providing access to valuable crypto assets, providing education and guidance to players, creating a community that supports players, and has the potential to influence business models in the gaming industry.
So, to understand more about what Yield Guild Games (YGG) is, its history, how it works and what’s unique about it, scholarships, a list of games that can be played, a guide on how to play, and even tokens for games. Read more below!
What is Yield Guild Games (YGG)?
YGG (Yield Guild Games) is a blockchain-based online game that presents a play-to-earn concept where players can generate income by playing games. They focus on the blockchain and NFT (Non-Fungible Token) ecosystem, allowing players to invest in NFTs and in-game crypto assets.
In this way, YGG creates opportunities for players to gain financial benefits from their gaming activities in the virtual world. YGG itself has completely changed the way play-to-earn games are played. By maximizing the value of NFTs, YGG earns revenue through the sale and rental of the company’s crypto assets.
YGG’s popularity continues to grow along with the NFT boom in 2021, mainly due to the pandemic, which has encouraged many people to seek additional income through the digital world, including the play-to-earn concept. To date, YGG has more than 27 thousand active players worldwide. US and Asian countries, including Indonesia, Vietnam, and India, have the highest number of users.
In 2021, YGG managed to raise nearly USD 40 million from various investors to develop its platform and launch regional affiliates in Southeast Asia to Latin America.
The History of Yield Guild Games (YGG)
Gabby Dizon, Beryl Li, and Owl founded Yield Guild Games (YGG) in 2020. The idea to create YGG first emerged in 2018 when Gabby Dizon started lending her Axies to other Axie Infinity players who couldn’t afford to buy their own NFT items.
From this experience, the idea emerged to form a platform that supports new gamers by providing the assets needed to play games. This idea eventually became known as the crypto gaming guild. They are the community that helps players by providing access to crypto assets in blockchain gaming.
In 2020, the existence of the NFT game Axie Infinity skyrocketed, especially when many people in the Philippines started looking for additional sources of income when the pandemic hit the world. Then, Gabby Dizon, Beryl Li, and Owl founded YGG to bring millions of people into the P2E revolution.
How Does Yield Guild Games (YGG) Work & Why is It Unique?
Please note that Decentralized Finance (DeFi) and NFT are two concepts integrated by YGG to create a unique play-to-earn gaming experience and facilitate economic growth.
YGG uses an open-source protocol run by smart contracts based on predefined rules. The goal is to make it easy to rent NFTs, provide rewards to players, and implement decisions related to governance, all according to the community’s choice.
Yield Guild Games not only depends on one DAO but has several SubDAOs supporting it. Each SubDAOs focuses on a specific game or player within the same region. Each SubDAO has its own rules and is connected to the activities and assets of that SubDAO. SubDAOs in YGG use a model that allows collaboration between players in the same game to support each other’s growth and maximize profits. In addition, community members can utilize NFT assets owned by the community to increase their income in the game. Those who lend NFTs through the DAO are entitled to receive rewards in the form of a portion of the revenue players earn.
All NFTs and crypto assets from various blockchain games are stored in the YGG Treasury which community members manage. This approach ensures complete transparency and control of the community over its crypto assets. It is also important to note that as a unique feature, YGG’s primary income comes from utilizing the NFT assets it owns, directly or indirectly, through rental schemes. In this scheme, guild members rent out their assets for in-game rewards, which are then given to YGG. Additionally, external parties (non-guild members) can generate income for in-game assets such as land by conducting economic activities on the land. The economic value of in-game assets reflects in their NFT value on the open market, which increases NFT ownership.
Get to Know the Yield Guild Games Scholarship (YGG)
Yield Guild Game Southeast Asia (YGG SEA) is a community of play-to-earn (P2E) game activists and players.
The P2E gaming ecosystem has NFTs, the main component for running and winning games. To own these NFTs, prospective players are required to pay an initial fee. This is where YGG SEA plays an important role through its scholarship program. With this program, players can access NFTs without having to incur high initial fees.
The YGG SEA scholarship program is a revolutionary initiative that allows players to engage in play-to-earn gaming without spending a lot of money to buy expensive NFTs or make a significant initial investment. Through this program, players can borrow and use game assets owned by YGG SEA. In return, they can receive a large portion of the revenue generated in the game at a very affordable rental fee through YGG SEA.
To join the YGG SEA scholarship program, players only need to follow a few steps. First, join the Discord channel, fill out an application form, and print a badge on the YGG SEA website. After selection and interview, successful candidates can join a guild and receive training, guidance, and other benefits.
This program provides free access to several play-to-earn games and opportunities for players to participate in community building and take leadership roles. Players can experience the diversity of the crypto world by being part of a global community.
YGG SEA cares deeply about overcoming onboarding challenges in each local market. So, they ensure that content, education, and language support are available to all players. It opens the door for gamers and non-gamers to enter the world of crypto in a fun and collaborative way.
YGG Games List
It is important to note that Yield Guild Games (YGG) has invested in and partnered with several different play-to-earn games, allowing its members to generate income from these games. Building on collaboration with these games from the start, YGG is investing in the future of the play-to-earn movement in the years to come. The following is a list of YGG games that can be played, namely:
1. League of Kingdoms
League of Kingdoms is a kingdom-building simulation game with medieval and fantasy elements available on PC and mobile devices. The game is divided into non-blockchain and blockchain components, meaning players do not need a background in crypto assets to play this game. YGG DAO Cash owns 286 land shares in the League of Kingdoms.
2. F1 Delta Time
In this Formula 1 driving simulation game, NFTs represent cars, racers, car parts, helmets, and other racing-related items. F1 Delta Time players customize vehicles, master controls, and time trials to qualify for multiplayer races. YGG DAO Cash has 130 Common Keys and 328 Shares for F1 Delta Time.
3. The Sandbox
Still in heavy beta development, The Sandbox is aimed more at the artsy type of person than most other games mentioned on this list. Like some other games, virtual plots of land can be purchased in The Sandbox. YGG DAO Cash holds 180 NFTs representing LAND assets in The Sandbox.
4. Star Atlas
Star Atlas is an ambitious space-themed game that combines various elements, including exploration, colonization, combat, and decentralized finance (DeFi). Expected to be in development for at least another year, the game will likely be one of the most advanced of its kind when it launches. YGG DAO has a strategic partnership with Star Atlas.
5. Illuvium
With a completely original, high-quality, four-dimensional NFT design (to date, most other NFT-based games are based on two-dimensional artwork). Illuvium is a modern role-playing game (RPG) in which players collect, breed, and fight against characters called Illuvials. YGG DAO has made an early-stage investment in Illuvium.
6. ZED RUN
ZED RUN is a virtual horse racing game in a futuristic cyber world. Players sign up to own their virtual stable and purchase racehorse NFTs. Horses have different characteristics and can be interbred, resulting in new genetic combinations for offspring. YGG DAO Cash currently holds 118 Zed Run horses.
7. Guild of Guardians
Unlike other games on the list, Guild of Guardians is a mobile game on Immutable X. The game is described as a multiplayer fantasy action role-playing game where players work in teams to compete for prizes. YGG DAO Cash has 1 Mythic Guild, 50 Adventurers Guild, and 70 Legendary Heroes in the Guild of Guardians.
8. Ember Sword
A mix of fantasy, exploration, and strategy-based gameplay, Ember Sword describes itself as ” the ultimate sandbox MMORPG,” combining advanced gameplay mechanics with the latest smart contract developments. YGG DAO Cash holds 16 NFTs (16 city plots) representing land parcels in Ember Sword.
9. Splinterlands
Splinterlands is a turn-based digital trading card game in the vein of Magic the Gathering or Yu-Gi-Oh. These NFT cards, available in digital packages, are tradable on the open market. YGG DAO Cash has a total of 6,252 Splinterlands Regions and Untamed packs.
10. Axie Infinity
The game that started YGG’s journey into the world of play-to-earn, Axie Infinity is a player-against-player (or player-against-computer) game similar to Pokémon in which players breed and battle digital pets called Axies. YGG DAO Cash holds 26,000 Axies, worth approximately $3.9 million. This is in addition to 235 parcels of Axie Infinity land, valued at approximately $2.3 million.
Guide on How to Play Yield Guild Games (YGG)
As mentioned earlier, Yield Guild Games (YGG) is a Decentralized Autonomous Organization (DAO) that operates in the blockchain ecosystem, especially in the realm of NFT (Non-Fungible Token) based games. YGG offers a unique ” play-to-earn ” model where players can earn real income by playing games.
To join a guild, you need a crypto wallet that supports the Ethereum network, such as MetaMask. Once you connect your wallet to the YGG platform, you can print a “Guild Badge.” This guild game NFT is proof of your membership in the YGG guild. Make sure you have enough Ethereum (ETH) tokens because you will pay a gas fee when printing a Guild Badge.
After joining a guild, the next step is to find a role in it. You can help the guild by managing a Discord channel or promoting updates on social media. In return, you will receive tokens or NFTs from players who win.
Get to Know the Yield Guild Games (YGG) Token for Games
Yield Guild Games has a token similar to ERC20, granting access to participate in DAO operations. It has various services like unlocking exclusive content on Discord or staking YGG tokens.
The benefits of staking YGG tokens involve passive income earned through storing tokens in the YGG Vault. Token holders receive rewards for safely storing those tokens. Given the various games that YGG has, each player has different choices in choosing a staking vault. For example, one can use YGG tokens on a vault that focuses on breeding and selling Axies, digital animals that are NFTs obtained from the Axie Infinity game. On the other hand, players can also choose vaults that aim to generate income through NFT rentals. Each vault has unique characteristics and rules, including escrow rewards, lock-in periods, and vesting periods.
Conclusion
In conclusion, Yield Guild Games (YGG) is key in empowering online game players by providing access to play-to-earn (P2E) games through scholarship programs.
In the P2E ecosystem, players can generate income by playing games and getting NFTs prizes (Non-Fungible Tokens). YGG allows players to access NFTs without incurring high initial costs, helping them get started without financial barriers. Furthermore, it is important to understand that blockchain gaming is becoming an important livelihood alternative as it allows players to generate income through the digital economy.
The P2E concept enables players to sell NFTs, earn crypto, and create value from time spent in the game. It creates new opportunities for making money and leveraging digital skills while building an inclusive ecosystem.
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