Yield Guild Games (YGG)

Decentralized Autonomous Organization (DAO)

Yield Guild Games is a DAO that allows token holders to participate in governance decisions, influencing how the network operates and manages its assets.

NFT Investment and Leasing

It invests in non-fungible tokens (NFTs) used in virtual worlds and blockchain games. These NFTs are leased to community members (scholars), enabling them to play and earn in play-to-earn games.

Play-to-Earn Gaming Support

The platform supports gamers by providing access to NFTs needed for play-to-earn games, helping players earn income through gaming assets and virtual economies.

Community and Ecosystem Growth

Yield Guild Games builds a large community of gamers and investors who collaborate, discover games, and grow together in the Web3 gaming space.

Token Utility

The YGG token is used for governance voting, staking for rewards, and accessing exclusive content within the ecosystem.

Revenue Sharing

Profits generated from leasing NFTs and other in-game assets are shared with token holders, creating a sustainable virtual economy that benefits both players and investors.

Pros

• Helps players access gaming NFTs without large upfront costs by lending in-game items to players called scholars.
• Supports a global community with regional guilds and partnerships with over 80 blockchain games.
• Enables players to earn tokens through gameplay, which can be cashed out or used to buy in-game assets.
• Focuses on building repeatable systems for learning, performance tracking, and rewards.
• Acts as a decentralized autonomous organization (DAO) that manages assets to maximize value for its community.
• Has a strong market presence as the largest Web3 gaming guild with real economic activity and revenue-funded token buybacks.
• Offers opportunities for players to resell or rent NFT assets, potentially generating passive income.
• Integrates with popular wallets like MetaMask for easy token management and trading.

Cons

• The YGG token is volatile, with liquidity and price influenced heavily by market sentiment and game economies.
• Outcomes depend on the success and growth of underlying blockchain games, which can be uncertain.
• The market for YGG is relatively small, so large holders ("whales") can significantly impact price movements.
• Smart contract risks exist, especially related to vaults and token incentives.
• The play-to-earn gaming model is still new and evolving, with untapped potential but also uncertainties.
• Price performance can underperform compared to broader crypto markets or similar tokens in the Polygon ecosystem.

Founders of Yield Guild Games

Yield Guild Games was co-founded by three individuals: Gabby Dizon, Beryl Li, and a pseudonymous co-founder known as "Owl of Moistness." Gabby Dizon is a gaming industry expert who started by lending Axies in Axie Infinity, which inspired the creation of the guild. Beryl Li is a fintech entrepreneur who joined Gabby in founding the project. The third co-founder, Owl of Moistness, remains anonymous. Together, they launched Yield Guild Games in 2020.

Investors in Yield Guild Games

Notable investors in Yield Guild Games include Andreessen Horowitz (a16z), Delphi Digital, BITKRAFT Ventures, Animoca Brands, Scalar Capital, and Fabric Ventures. These investors have supported the project through various funding rounds to help build the largest virtual world economy by investing in NFTs and blockchain gaming assets.

Halal Status

Yes, Yield Guild Games is considered halal.

Reason

Yield Guild Games is a decentralized autonomous organization (DAO) that invests in NFTs used in blockchain games and virtual worlds. It has genuine utility, active governance participation, and real economic activity. It operates transparently and supports a play-to-earn ecosystem, which aligns with halal principles by avoiding interest (riba) and gambling (maysir). Practical Islamic finance sources and halal crypto lists classify it as halal.