Yield Guild Games (YGG) - a platform and cryptocurrency to earn by playing

Earning money by playing computer games was a dream of many teenagers years ago. Nowadays, nothing stands in the way of making these dreams come true. Platform Yield Guild Games (YGG) is a place where you can earn real money even without any contribution. As? We explain.

We are continuing the cycle of the Forex Club portal in which we analyze and describe the largest, highest-valued, most interesting, most developing, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for Yield Guild Games (YGG), a community gathered around games "Play to earn" based on blockchain technology. 

The popularity of play to earn games

Yield Guild Games helps you invest in assets NFT, appearing in games based on blockchain technology, more and more of which are created around the world. Importantly, it also supports those for whom the purchase of NFT is impossible due to the financial barrier. However, they can start their adventure with NFT gaming thanks to Yield Guild Games. This decentralized organization invests in non-exchangeable NFT tokens and then rents them out.

How Yield Guild Games works

The origins of YGG date back to 2018, when Gabby Dizon noticed how rapidly blockchain-based games were gaining ground in Asia. There was also a serious barrier to entry, especially for players from developing countries. They couldn't afford to buy Axies, the character in the most popular game that was (and in many circles still is) Axie Infinity.

First, Gabby Dizon herself lent her Axie to other players who could not afford it. In 2020, Yield Guild Games was established on this basis, which connects the world of NFT and decentralized finance through a token based on the Ethereum network. 

YGG brings together groups of players focused on specific games. The groups are also linked geographically to make it easier for their members to cooperate - for example by reducing the language or cultural barrier. So players can work together to maximize their group's profits. You can also loan your NFTs to other players who have more time or skill to earn more goals with them. 

Earnings are shared within the group as determined by the players. Smart contracts take care of the rest, which not only share the profits, but also protect the property of the NFT, which, regardless of the loan, always has its owner. The profits are mutual - players without an NFT can begin to monetize their talent and time, and NFT owners earn money by renting them. 

YGG primarily operates in Axie Infinity, The Sandbox, League of kingdoms, F1 Delta Time and many other P2E games.

How the YGG token works

Everything is managed through the Yield Guild Games (YGG) token, set in the ERC-20 standard. The first 25 million tokens were sold on SushiSwapa in 2021. The token pays for online services, but you can also stack it for interest or access to additional functions on the server.  

Owners of YGG tokens also take part in voting on changes in the scope of supported products, technologies or games, around which they will be focused.

YGG cryptocurrency quotes

As of April 14, 2022, Yield Guild Games tokens can be traded on 11 cryptocurrency exchanges from all over the world, including the largest of them - Binance. You have to pay $ 2,29 for each of them. Currently, 112 of the target 690 tokens are in circulation, which translates into a capitalization of over USD 379 million. The peak of trading took place on November 1, 000, when each YGG was traded at $ 000.