November, 2021

Yield Guild Games: Profiting from a Powerful Trend ($YGG)

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Yield Guild Games: Profiting from a Powerful Trend ($YGG)

We’ve mentioned this many times over the past few months, but it’s worth repeating: The blockchain gaming space is expanding rapidly – Consumer Mentions of blockchain-based games and NFT assets have gained by more than +10,000% YoY and they’re not showing any signs of slowing.
There’s one project that’s arguably better positioned to benefit from this trend than anyone in the entire cryptocurrency space: Yield Guild Games ($YGG).
Yield Guild Games (YGGs) is “a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs). The organization’s objective is to develop the world’s largest virtual economy, optimize its assets to maximize utility, and share revenues with its stakeholders.”
Basically, it’s an organization that’s pooling capital in order to maximize profits from play-to-earn blockchain games.
YGG held a public token sale in July, and underlying Mentions show that the project is gaining significant traction: +70% in the past month (7d MA).

The price of $YGG tokens has already risen by more than +450% since their public release, but with a combined market cap of ~$550M, this project still has plenty of room for growth.

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