Yield Guild Games (YGG) is a pioneering decentralized autonomous organization (DAO) that focuses on investing in non-fungible tokens (NFTs) within blockchain-based games and virtual worlds. This guide explores the current YGG price, its market statistics, and the broader ecosystem it supports.
YGG Price Overview and Market Data
The live Yield Guild Games price today is $0.145 USD**, with a 24-hour trading volume of **$7.26 million. YGG has a market capitalization of $76.59 million, accounting for 0.00% of the total cryptocurrency market.
Key metrics include:
- Circulating Supply: 527.38 million YGG (52.7% of max supply)
- Total Supply: 999.72 million YGG
- Max Supply: 1 billion YGG
Over the past day, YGG has decreased by -2.98%. Its all-time high was $11.25 on November 20, 2021, which represents a decline of -98.7% from that peak.
Understanding Yield Guild Games (YGG)
Yield Guild Games operates as a DAO that invests in gaming NFTs to build a community-owned virtual economy. Its mission is to maximize asset utility and share profits with token holders through a decentralized governance model.
Core Vision and Mission
YGG merges NFT and DeFi innovations to introduce yield farming into gaming economies. It aims to develop virtual worlds by enhancing both content and economic structures, believing that metaverse economies will eventually surpass real-world economies in value.
The organization supports:
- Competitive play-to-earn gamers
- Digital artists and content creators
- NFT traders and virtual landowners
How Yield Guild Games Operates
YGG uses smart contracts to automate its protocol, governed by community proposals and tokenholder voting. Key activities include:
- Building a global network of gamers who earn through in-game achievements
- Generating revenue via NFT rentals, sales, and scholarship programs
- Enabling community participation in DAO governance
- Supporting research and yield arbitrage opportunities within metaverse games
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YGG Token Utility and Ecosystem
The YGG token serves multiple purposes within its ecosystem:
- Governance: Token holders vote on proposals that guide the DAO’s investments and operations.
- Rewards: Participants earn YGG through gameplay, asset rentals, and community contributions.
- Liquidity: The token facilitates transactions within YGG-supported games and marketplaces.
Yield Guild Games Price Analysis
YGG’s price is influenced by:
- NFT market trends
- Adoption of play-to-earn games
- Broader cryptocurrency market conditions
- Community growth and engagement
Investors should monitor trading volume, market sentiment, and updates from the YGG DAO to make informed decisions.
Frequently Asked Questions
What is Yield Guild Games (YGG)?
Yield Guild Games is a decentralized autonomous organization that invests in NFTs for blockchain games. It aims to build a profitable virtual economy managed and owned by its community.
How can I earn YGG tokens?
You can earn YGG by participating in supported play-to-earn games, renting out NFTs, or contributing to the DAO’s governance and development initiatives.
What is the maximum supply of YGG tokens?
The maximum supply is capped at 1 billion YGG tokens, with over 527 million currently in circulation.
How does YGG’s governance work?
Token holders submit and vote on proposals that determine how the DAO invests in NFTs, distributes rewards, and grows the ecosystem.
Which games does Yield Guild Games support?
YGG has been involved with popular titles like Axie Infinity and The Sandbox, though its portfolio expands based on community votes and market opportunities.
Why did the YGG price drop from its all-time high?
Like many cryptocurrencies, YGG experienced a significant correction after the 2021 bull market. Price fluctuations also reflect changes in NFT demand and gaming trends.
Yield Guild Games continues to innovate at the intersection of gaming and decentralized finance. By leveraging community governance and NFT investments, it offers a unique model for virtual world participation. For real-time price tracking and market insights, always refer to trusted data sources.