Yield Guild Games (YGG): A GameFi DAO That Gives Back

According to Chainalysis, a top analysis firm, the valuation of the NFT marketplace was estimated at over $40 billion in 2021. While several factors are responsible for this explosive growth, one major factor was undoubtedly the increase in the global adoption rate of cryptocurrency and blockchain.

The rise of NFTs also gave rise to innovations like the play-to-earn, NFT-based blockchain gaming model. This P2E model started gaining popularity during the pandemic in 2020, when many people lost their sources of income and were homebound as a result of mobility restrictions.

In the same period, blockchain gaming platforms like Axie Infinity recorded an exponential increase in registrations and participation globally. However, Axies (pet monsters in Axie Infinity) became quite expensive. In September 2021, the average price for one Axie was $355. This was when a brilliant project rose to the occasion — a gaming guild that lends NFTs to gamers who can't afford them, and lowers the entry barrier into the P2E system significantly. In this article, we’ll take a look at Yield Guild Games.

What Is Yield Guild Games?

To help you grasp the workings of Yield Guild Games, we’ll start by breaking down some terms: Guild, DAO, play-to-earn, and NFTs.