Yield Guild Games
Current price
$0.0250
−4.68%24h
LiveUpdated 48s ago
TodayYield Guild Games falls 4.7%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.16%
- 24 hours−4.68%
- 7 days−3.99%
- 30 days+13.18%
- 1 year−84.87%
Yield Guild Games's move in context
Lagging the market today
−4.68% today against −3.26% for the market as a whole, a gap of 1.4 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−4.0% over 7 days and +13.2% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Yield Guild Games
Overview
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that aims to create the largest and most engaged community of players in blockchain-based games and play-to-earn (P2E) ecosystems. The core mission of YGG is to enable players to earn real income through gameplay while providing a platform that empowers game developers to reach their audiences. Yield Guild Games distinguishes itself by combining gaming with a decentralized finance (DeFi) model, allowing players to leverage NFT assets and participate in governance decisions as stakeholders in the organization. By democratizing access to gaming revenue, YGG is building a new economic system where players from various backgrounds can thrive and enhance their skills.
Technical Features
Yield Guild Games employs a unique network architecture that relies on smart contracts and blockchain technology, predominantly built on the Ethereum blockchain. The consensus mechanism used is the proof-of-stake (PoS), which provides enhanced security and scalability for transactions involving NFT assets and in-game currencies. The platform utilizes decentralized wallets for asset storage and transaction facilitation, ensuring that users have control over their in-game assets. Additionally, YGG employs cutting-edge algorithms to optimize yield farming strategies, enabling users to earn passive income through staking their assets. This synergy of gaming and DeFi technologies is what sets Yield Guild Games apart from traditional gaming platforms.
Use Cases
Yield Guild Games presents several primary use cases within the ecosystem. Firstly, it facilitates decentralized finance (DeFi) opportunities by providing players access to yield farming and staking functionalities. Secondly, YGG plays a significant role in the governance of the community, where token holders can participate in decision-making through voting mechanisms. Thirdly, it creates a marketplace for non-fungible tokens (NFTs), where users can buy, sell, and trade in-game assets. YGG also supports cross-border payments by allowing players from different countries to transact without relying on traditional banking systems. Lastly, smart contract functionality enables seamless interactions between users and the gaming environments, leading to increased user engagement and satisfaction.
Development Background
Yield Guild Games was founded in 2020 by a group of game enthusiasts and developers who recognized the potential of integrating blockchain technology with online gaming. Significant contributors to YGG's development include established figures from the blockchain and gaming industries, who have brought valuable expertise and insights to the project. Since its inception, YGG has achieved notable milestones, including partnerships with prominent blockchain games and integrations with various DeFi platforms. Furthermore, the community has grown rapidly, drawing in players and investors alike, interested in the future of play-to-earn gaming.
Community and Ecosystem
The community around Yield Guild Games is vibrant and engaged, with various initiatives aimed at fostering collaboration and knowledge-sharing among players. The ecosystem comprises numerous partnerships with game developers, DeFi projects, and other blockchain-based platforms that enhance YGG's offerings. Members of the community often participate in events, discussions, and governance activities that help shape the future of the organization. Additionally, there are several projects built around YGG that focus on educational resources, analytics tools, and decentralized applications (dApps) that support players in maximizing their gaming experiences.
Future Potential
The future potential of Yield Guild Games is promising given its innovative approach to merging gaming and finance. As gaming continues to evolve and more players seek ways to monetize their time and skills, YGG's model positions it well to capture a significant share of this emerging market. With ongoing developments planned on its roadmap, including enhanced cross-game interoperability and expanded partnerships with new gaming titles, YGG is set to redefine player experiences on a global scale. Furthermore, as blockchain technology advances, the potential for YGG to lead in providing financial opportunities in gaming ecosystems looks increasingly likely.
Yield Guild Games market
- Position by market cap among the coins we track.
- #302
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $25.04M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0246High $0.0267
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $11.17
- Now 0% of itReached 20 Nov 2021 · Needs +44,509% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1B YGG
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 1B YGG
- The most coins that can ever exist. Some coins have no limit.
Yield Guild Games converter
1 Yield Guild Games = $0.0250
