YGG
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Introduction
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1. Project introduction
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in non fungible tokens (NFTs) used in virtual worlds and blockchain-based games.
YGG combines the best of the non-fungible token (NFT) and the decentralized finance (DeFi) space, bringing yield farming to game economies while adding value to these virtual worlds by developing the content and economy of these games.
A function of YGG token’s value is derived from the earnings or value of all its subDAO ownership. A subDAO enables the community to put the assets of the game to play. The YGG token will reflect the % ownership of each of the tokenized subDAOs, making it a subDAO index. The rest of the functions represent YGG’s activities from NFT asset rentals, merchandise, esports and NFT breeding activities.
YGG’s goal is to maximize the value of NFTs used in virtual worlds and blockchain-based games. Its protocol is automated by smart contracts instructed by consensus through the DAO based on governance proposals and voting of a distributed network of token holders. The organization’s mission is to create the biggest virtual world economy, optimizing its community-owned assets for maximum utility and sharing its profits with its token holders.
2. Team introduction
Co-Founder: Gabby Dizon
Co-Founder: Beryl Li
Co-Founder: Owl of Moistness
3. Investment institution
a16z, Kingsway Capital, Infinity Ventures Crypto, Atelier Ventures, Gabriel Leydon
4. Distribution
Total supply: 1,000,000,000
Token distribution:
Community: 45%
Investors: 24.9%
Founders: 15%
Treasury: 13.3%
Advisors: 1.85%
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