** FUNDAMENTALS **
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) focused on investing in non-fungible tokens (NFTs) used in virtual worlds and blockchain-based games. Here are some key fundamentals about YGG coins:
1. **Purpose and Vision**:
- YGG aims to create the largest virtual world economy by optimizing its community-owned assets for maximum utility and sharing profits with its token holders.
- The project focuses on leveraging the play-to-earn model, enabling players to earn real-world income through gaming.
2. **Governance**:
- YGG is governed by its community through the YGG DAO. YGG token holders can propose and vote on key decisions and the direction of the organization.
- This decentralized governance model ensures that the community has a direct influence on the project's development and asset management.
3. **Staking and Rewards**:
- YGG tokens can be staked to earn rewards. These rewards can come from the profits generated by the DAO's assets, such as in-game NFTs that are rented out to players.
- Staking provides an incentive for holders to participate actively in the ecosystem and contribute to its growth.
4. **Partnerships and Ecosystem**:
- YGG has formed partnerships with various blockchain games and virtual worlds to acquire in-game assets that generate revenue.
- The organization collaborates with developers, guilds, and other stakeholders in the blockchain gaming space to expand its ecosystem.
5. **Revenue Model**:
- The DAO earns revenue from its in-game assets through activities like renting NFTs to players (scholars) who use them to participate in play-to-earn games.
- A portion of the earnings generated by scholars is shared with the DAO, which in turn distributes rewards to YGG token holders.
6. **Community and Growth**:
- YGG has a strong and active community of gamers, investors, and blockchain enthusiasts.
- The project emphasizes community engagement and education to onboard more users into the play-to-earn model and the broader blockchain gaming space.
