A Comprehensive Guide To Yield Guild Games– 2023

Yield Guild Games is a blockchain-based “play-to-earn” gaming guild. It comprises a community of blockchain players from around the world who invest in NFT assets and connect with each other. Their mission is to build a network of players and investors who collaborate to enter and succeed in the world of NFT gaming, providing support and assistance to each other along the way.

A Comprehensive Guide To Yield Guild Games– 2023

Yield Guild Games, or YGG for short, is a decentralized autonomous organization (DAO) that invests in NFT tokens used in blockchain-based games. These games are part of the broader concept known as the metaverse. The idea of creating a global play-to-earn gaming community emerged in 2018.

The co-founder and CEO, Gabby Dizon, noticed the growing popularity of blockchain-based games in Southeast Asia. At that time, many players were eager to join the popular NFT game, Axie Infinity, but couldn’t afford to purchase in-game NFT characters called Axies.

Recognizing the potential of blockchain games to empower individuals in developing countries, Dizon started lending out his own Axies to users who couldn’t acquire their own NFTs. Inspired by this, Dizon, along with his partner Beryl Li, founded Yield Guild with the goal of helping players achieve success in the world of NFTs and blockchain games.

YGG operates on the principle of play-to-earn, allowing players to earn income by participating in these blockchain games. The guild acquires NFT assets and loans them to its members, enabling players from different backgrounds and financial situations to access and experience the world of blockchain gaming and metaverse. Building a collaborative community aims to foster a supportive environment where players can learn, grow, and thrive in the rapidly evolving landscape of blockchain-based gaming.

How Yield Guild Games Work?

Yield Guild merges DeFi and NFTs on the Ethereum blockchain to create a metaverse economy. DAO, an open-source protocol, enforces rules through smart contracts. It serves various purposes, including implementing community-governed decisions, distributing rewards, and facilitating NFT rentals.

YGG comprises multiple SubDAOs, each representing player groups from specific NFT games and geographic locations. Each SubDAO has its own set of rules to manage activities and assets related to the specific play-to-earn game. Through this model, players within the same NFT game can collaborate to maximize their in-game profits. The model allows guild members to rent and utilize NFT assets owned by the community to earn in-game rewards. Those who lend their NFTs through the DAO may receive a portion of the player’s earnings in return.

All NFTs and digital assets in YGG are held in the Treasury, controlled by the community. All SubDAOs acquire NFTs from the treasury, including P2E (play-to-earn) assets from different blockchain games.

The decentralized and community-driven nature of YGG fosters a collaborative ecosystem where players can leverage shared NFT resources to achieve greater success in play-to-earn gaming. The combination of DeFi and NFTs enables a dynamic metaverse economy, with YGG playing a central role in empowering players from various backgrounds to participate in and benefit from the rapidly evolving world of blockchain gaming and metaverse.

Yield Guild Games: Community Update — Q2 2023

In Q2 2023, YGG achieved notable milestones, with a particular emphasis on game product development and infrastructure. The Guild Advancement Program (GAP) experienced considerable success during its third season, providing double the token rewards compared to the previous season. The collaboration between YGG, the guild network, and YGG’s game partners continued to thrive, with a focus on initiatives aimed at advancing web3 gaming, even amidst the challenges posed by the crypto winter. For a comprehensive overview of YGG’s accomplishments during this period, please refer to the complete YGG Q2 2023 Community Update.

Leadership Update

During Q2, YGG made significant strides by signing a Memorandum of Understanding (MOU) with the Web3 Games Collective (W3GC), alongside other prominent players in the industry like Game7, Magic Eden, Fenix Games, and Spindl. The guild also established a formal partnership with XPLA and engaged in discussions with major partners such as Ronin and Polygon.

In line with its deeper focus on product development, YGG’s organizational chart underwent restructuring, ensuring that other functional groups operated in harmony with the overall product vision. The quarter was characterized by efficiently streamlining efforts and resources, with a strong emphasis on exploring novel ways to leverage partner APIs, automating quest mechanics, and preparing for an imminent product launch and partner campaign.

Wrapping Up GAP Season 3

YGG celebrated the successful conclusion of Season 3 of the Guild Advancement Program (GAP) in May 2023. This season was marked by engaging quests and a seamless transition to the new YGG dapp, elevating the overall user experience for guild members. Throughout Season 3, the GAP introduced an impressive collection of 90 achievements across nine games, resulting in a remarkable total of 1,635 achievements earned by the community.

Notably, the program expanded its scope by incorporating Crypto Unicorns and Pixels, with Pixels joining as an exciting discovery game. This dynamic and rewarding season further exemplifies YGG’s commitment to providing its community with compelling and rewarding experiences in the rapidly evolving world of web3 gaming and the metaverse.

Network Update

Despite the challenges posed by the crypto winter, YGG’s regional guild partners have demonstrated an unwavering commitment to their mission of nurturing locally driven engagement tailored to the unique needs of gamers in their respective regions. The guild partners have made notable progress, and here are some updates:

• OLA GG had the opportunity to be featured on YGG TV, where they discussed their ambitious goals of organizing more events and expanding web3 gaming across Hispanic markets. They are also focused on enhancing their esports ecosystem through a strategic partnership with Team Heretics, the world’s largest Hispanic esports team.

• W3GG, previously known as YGG SEA, decided to rebrand itself to highlight its emphasis on community and togetherness. As part of their plans for the future, they appointed Irene Umar as the guild’s CEO, reflecting their dedication to strong leadership, and restructured their leadership team to pave the way for continued growth and success.