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Latest cryptocurrency news > ALTCOIN > Yield Guild Games Emerges as Digital Economy Powerhouse
ALTCOIN

Yield Guild Games Emerges as Digital Economy Powerhouse

BH NEWS
Last updated: 12 March 2024 17:11
BH NEWS 2 years ago
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Yield Guild Games (YGG), a decentralized autonomous organization, has made significant strides towards becoming the world’s most extensive digital economy by investing in non-fungible tokens (NFTs). This organization focuses on maximizing the potential of its assets while distributing profits to its community members.

Contents
Community-Driven Gaming and InvestmentFinancial Growth through NFT OwnershipThe Rising Popularity of YGG Coin

Community-Driven Gaming and Investment

The YGG platform connects players and investors, who can earn by acquiring NFTs utilized in online games and blockchain platforms. The community has grown, particularly as the global pandemic has led more individuals to explore play-to-earn gaming options. YGG generates revenue through an asset-leasing model, where guild members utilize their digital possessions, yielding a portion of their earnings to the organization.

Financial Growth through NFT Ownership

Owners of these NFTs stand to gain as the in-game assets rise in economic value, with their market worth mirroring this increase. Additionally, participants can earn native tokens by engaging in various in-game activities, adding another dimension to the play-to-earn concept.

YGG is supported by a Manila-based gaming studio, co-founded by Gabby Dizon, a key figure in launching communities like Axie Infinity and Yearn Finance. Beryl Li, a Cambridge University alumnus and cryptocurrency enthusiast, and Owl of Moistness are also primary founders. The team now boasts over 20 members, with Nolan Manalo steering game operations.

The Rising Popularity of YGG Coin

Given the burgeoning interest in NFTs and blockchain gaming, YGG’s associated cryptocurrency is witnessing significant attention. Those looking to acquire YGG Coin can do so via Binance, the world’s largest cryptocurrency trading platform.

Purchasing YGG Coin involves registering on Binance and funding the account with fiat currency. From there, investors can trade for YGG using Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), or BUSD. Binance also offers the flexibility of placing orders at current market rates or specifying a lower purchase price through the Limit tab.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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