Deutsch
Français
English
Español
Italiano
العربية
中文
Português
Русский
TürkçeYield Guild Games Information
Yield Guild Games is a pioneering player in the play-to-earn gaming ecosystem, connecting gamers with opportunities to earn rewards through blockchain-based games. This token facilitates decentralized governance, enabling users to have a voice in the development and direction of gaming projects within the guild. By creating a virtual economy that bridges the gap between blockchain gaming and real-world assets, Yield Guild Games is revolutionizing how gamers interact with digital platforms.
Introduction to Yield Guild Games
Yield Guild Games (YGG) is more than just a cryptocurrency; it's a decentralized gaming guild that invests in non-fungible tokens (NFTs) utilized in virtual worlds as part of the booming GameFi industry. Founded in 2020 by Gabby Dizon, Beryl Li, and OMG Network co-founder Paul Veradittakit, YGG seeks to maximize the value extracted from virtual worlds. With gaming as a pivotal focus, YGG leverages the Play-to-Earn (P2E) model to create a sustainable and rewarding ecosystem for its users.
The Evolution of YGG: A Historical Overview
Since its inception, the YGG token has experienced significant fluctuations, reflective of both the volatility of the GameFi sector and the broader crypto market trends. Hitting its all-time high at $11.17 in November 2021, YGG rapidly gained attention as part of the GameFi boom. However, like many crypto assets, it was not immune to the dramatic market downturns, falling to an all-time low of $0.125601 in June 2023. This history underscores the speculative nature of this token and its sensitivity to market sentiments.
Advantages of Investing in Yield Guild Games
One of the prime advantages of YGG is its strategic placement within the NFT and P2E markets, both of which continue to evolve with new innovations and user engagement. YGG is at the forefront of the GameFi movement, appealing to both crypto enthusiasts and gamers alike. The diverse applications and participation incentives within the YGG ecosystem generate interest and sustainability.
Moreover, YGG's concept of a community-driven investment pool for NFTs represents a fascinating model that combines elements of traditional gaming and finance. The opportunity for gamers to earn while participating in their favorite games makes this an attractive proposition.
Challenges and Disadvantages of YGG
Despite its potential, investing in YGG is not without risks. The GameFi sector, while promising, is still in its nascent stage. Its high volatility is both an opportunity and a challenge, with significant swings in token prices illustrated by YGG's dramatic rise and fall.
Regulatory concerns also loom large over the entire crypto ecosystem, including NFTs and gaming applications. Any regulatory crackdown could severely impact YGG's operations and profitability, potentially affecting its investor base.
Future Outlook for YGG
Looking ahead, the fortunes of YGG will likely be tied to the broader evolution of the GameFi sector and the NFT markets. If gaming and virtual reality spaces continue to grow, Yield Guild Games could be a major beneficiary given its strong positioning and user base.
Investors are optimistic that Yield Guild Games will diversify its partnerships and expand its footprint across multiple gaming ecosystems. The continuing growth in gaming adoption and technological advances in blockchain could provide a fertile ground for YGG's rebound and future success.
Conclusion
Yield Guild Games represents an exciting intersection of gaming and decentralized finance, pushing the boundaries of digital asset utilization. While it embodies great promise within an innovative space, potential investors should weigh these opportunities against the inherent risks and volatility. As part of a diversified portfolio, YGG may offer substantial rewards, but it requires careful consideration and strategic foresight.
|
from price
$0
|
General Information |
|---|
|
Title
Yield Guild Games
|
|
Symbol
ygg
|
|
Whitepaper
|
|
Website
|
|
Community
|
|
Last Updated
2025-01-21 23:51
|
Price Data |
|
Current Price $
0.368265
$
|
|
High 24h
0.38154
$
|
|
Low 24h
0.346486
$
|
|
Price Change 24h
0.00125025
$
|
|
Price Change % 24h
0.34065
%
|
Market Data |
|
Market Cap
151147609
|
|
Total Volume
35249889
|
|
Market Cap Change 24h
369025
|
|
Market Cap Change % 24h
0.24475
%
|
|
Return on Investment (ROI)
-
|
Supply and Availability |
|
Circulating Supply
410462353.92051
|
|
Total Supply
999875539.35278
|
|
Max Supply
1000000000
|
Historical Data |
|
All Time High (ATH)
11.17
|
|
ATH Change %
-96.70506
%
|
|
ATH Date
2021-11-20 16:49
|
|
All Time Low (ATL)
0.125601
|
|
ATL Change %
193.07278
%
|
|
ATL Date
2023-06-10 04:36
|