Yield Guild Games (YGG) is a decentralized gaming guild that pools investors' funds to acquire in-game NFTs and profit from games.
YGG comprises multiple SubDAOs, consisting of players from specific NFT-supported games or geographic locations.
Most Play2Earn games are not sustainable in the long run. As players usually prioritize earning over playing, once the incentive offered by the game no longer meets their expectations, they quit the game, which is a potential risk for YGG.

Last week, Yield Guild Games (YGG) became an A-lister in the crypto industry. With a single-day trading volume surpassing $3.9 billion, YGG gained significant attention in major crypto communities. However, this surge, which exceeded three times its previous value, was followed by a sudden 70% drop within days. Such substantial volatility raises questions for crypto investors: How did YGG perform against the m arket trend during a bearish period? What sets it apart? What innovations and new investment opportunities will YGG bring to the crypto industry? This article aims to provide an in-depth look into YGG, the world's largest blockchain gaming guild.

What is Yield Guild Games (YGG)?

Yield Guild Games (YGG) is a decentralized gaming guild and a game-based decentralized autonomous organization (DAO). It pools investors' funds to acquire in-game NFTs and generate profits from games. Its core concept revolves around enabling players to earn real financial rewards from virtual games, powered by blockchain technology and smart contracts. YGG connects players to the economic value of a game by allowing them to obtain in-game virtual items such as tokens, currencies, and props, which can be traded or exchanged for real value on internal or externa l trading platforms.

The Birth of YGG

The inspiration for YGG dates back to 2018 when Gabby Dizon, one of YGG's co-founders, noticed the popularity of blockchain games in Southeast Asia. Many players were engaging with Axie Infinity, a well-known NFT game at the time, but a significant number of them couldn't afford the game's NFT characters called Axies. He started lending his Axies (an in-game NFT asset) to other players who couldn't afford the character. To help more players enter the world of NFT and blockchain gaming, Gabby Dizon and Beryl Li co-founded Yield Guild Games in 2020.

(Source: YGG official website)

YGG's Operational Model

YGG consists of multiple SubDAOs that are made up of groups of players from specific NFT-supported games or geographic locations. For instance, players of Axie Infinity, The Sandbox, and those from Southeast Asia initiated their respective SubDAOs. Players join different SubDAOs to discuss game strategies and support each other in achieving optimal performance. Each SubDAO manages its own gaming activities and assets according to its rules and conditions while contributing revenue to the YGG DAO. Every SubDAO has a community leader, a wallet, and a SubDAO token. Token holders receive a share of the revenue generated from the game based on their contributions and can make proposals and vote on governance decisions related to the SubDAO, such as purchasing more in-game NFTs or managing assets.

This model enables players of the same NFT game to collaborate to maximize in-game profits. Guild members can also lease community-owned NFT assets for in-game rewards. In return, those who lend NFTs to the DAO receive a portion of the gamers' earnings. All NFTs and digital assets are stored in the community-controlled YGG vault, providing NFTs for each SubDAO, including Play2Earn assets in multiple blockchain games.

In a nutshell, YGG's core business is like a combination of Warren Buffett's Berkshire Hathaway and Uber, where YGG obtains various NFT assets from several Play2Earn games and leases them to players who lack the initial capital (i.e., the in-game NFT assets) to generate profits.

YGG's Tokenomics

The YGG token provides holders with governance rights in the YGG DAO. The total supply is 1,000,000,000 YGG, with 25,000,000 YGG successfully distributed through its initial DEX offering (IDO). To support the community, 45% of YGG's total supply is reserved for gradual distribution to users over the period of four years. The remaining tokens will be distributed to stakeholders, including the treasury, the founding team, and project advisors.

As the platform's governance token, YGG has a wide range of application scenarios. It can be used to pay for services on the network, staked to earn rewards in the YGG staking pool, and used to unlock exclusive content on the YGG Discord channel. YGG holders can also submit proposals and vote on decisions related to the guild's technology, products, programs, token allocation, and overall governance structure, among other matters.

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Challenges Faced by YGG

GameFi is still in the early stages. The blockchain gaming sector itself faces uncertainties and risks in the crypto industry due to the periodic shifts between bullish and bearish markets.

Another challenge for YGG is the sustainability of most Play2Earn games in the long run. Players often prioritize earning over gameplay, and if the game's incentives no longer align with their goals, they may quit playing.

Closing Thoughts

GameFi, as the next blue ocean market in the crypto industry, holds significant potential for development. YGG stands as one of the most notable GameFi projects with its unique business model. Despite the challenges it faces, it's evident that as YGG continues to grow, it will offer users more ways to participate in GameFi and innovative profit models. As the GameFi market matures and improves, YGG is expected to continue to realize its original vision and value.

Current price:

$0.0003841More price details

All-time high:$0.05841

All-time low:$0.0001787

REEF supply and tokenomics

Circulating supply:21,015,693,000 REEF

Total supply:21,015,694,229.95 REEF

Max supply:0 REEF

Market cap:$8.07M

Fully diluted market cap:$8.07M

Token allocation:

Liquidity/Ecosystem bootstrap reserves

22.00%

Community reserve fund

20.00%

Team

16.00%

Reef Foundation

12.50%

Strategic Sale Investors

9.00%

Seed Round investors

8.00%

Others

6.50%

Private Sale Investors

6.00%

Tokenomics:

Uniqueness

Reef is geared towards cryptocurrency newcomers, alongside existing DeFi users who find it difficult to keep up with maintaining funds and wallets across multiple blockchains. The team has tackled the high gas fees seen on the Ethereum blockchain by building on Substrate, which enable almost instant transactions and low costs, where some claim Ethereum’s fees renders DeFi protocols “unusable.”

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Links

Website:https://reef.io/

Whitepaper:https://docs.reef.io/

X:https://twitter.com/Reef_Chain

GitHub:https://github.com/reef-chain

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What is the development prospect and future value of REEF?

The market value of REEF currently stands at $8.07M, and its market ranking is #1050. The value of REEF is not widely recognized by the market. When the bull market comes, the market value of REEF may have great growth potential.

As a new type of currency with innovative technology and unique use cases, REEF has broad market potential and significant room for development. The distinctiveness and appeal of REEF may attract the interest of specific groups, thereby driving up its market value.

What will the price of REEF be in 2026?

Based on REEF's historical price performance prediction model, the price of REEF is projected to reach $0.0003881 in 2026.

What will the price of REEF be in 2031?

In 2031, the REEF price is expected to change by +23.00%. By the end of 2031, the REEF price is projected to reach $0.0008066, with a cumulative ROI of +243.07%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of REEF and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

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Is REEF worth investing or holding? How to buy REEF from a crypto exchange?

If you want to buy REEF, the following information may be helpful for your investment decisions:

In the last seven days, the price of REEF has risen by 49.00%, leading to positive returns for most REEF investors. The market is currently optimistic about the price trend of REEF.

It is important to note that the current price of REEF has retreated by -99.34% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

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Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in REEF or any cryptocurrency comes with certain risks and uncertainties.

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What is Reef used for and how to use Reef?

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