Play-to-earn gaming is one of the big trends around blockchain technology. As games release their own tokens and nonfungible tokens (NFTs), they are attracting both gamers and investors. This trend is developing further with the emergence of gaming guilds. These guilds have advantages for gamers, investors and the community, itself. There are several advantages to joining a guild.
Within the gaming niche, there are several guilds, of which Yield Guild Games (YGG) is but one. This guild was founded in 2020 by Beryl Li and Gabby Dizon, who built it into a great success. By March 2022, the crypto project already had more than 20,000 scholars.
In this article, discover how to buy YGG. Also, can I buy ygg on Binance? Let's read on.
What does Yield Guild Games do?
Within a guild, there are several players who, together, form the community. These players regularly work together in their favorite hobby or investment, which is gaming. The guild operates worldwide and coordinates players to earn rewards in play-to-earn games. In addition, YGG also invests in NFTs, such as virtual land and other useful in-game attributes. These NFTs can then be borrowed by members of the guild, benefiting both the guild and the player.
Usually, a guild is not focused on one game, but on several games and NFTs. This brings together different types of players and investors to form a unique community. Here, decentralized finance (DeFi) is combined with NFTs, creating a metaverse-like economy on Ethereum's blockchain. The project is decentralized and is governed by smart contracts, which is a feature of a decentralized autonomous organization (DAO).
Play-to-earn gaming with Yield Guild Games
It is possible to borrow NFTs through Yield Guild Games, with which you can then start to earn rewards yourself in the play-to-earn game. For example, if you receive NFTs or cryptocurrencies as rewards, you can sell them on the market and cash in your rewards.
Another solution is to use your rewards to buy your own NFTs, so you no longer need to borrow them. This creates a win-win situation for both parties. The lender receives a percentage for lending the NFT, while the borrower can use the NFT for their own gain.
Can I buy ygg on Binance?
Of course. The Yield Guild Games token is available on several exchanges, where Binance is currently the largest provider of the digital token.
How to buy ygg
Log in to Binance and then click on the "Trade" button. Next, click on BTC/USDT so that you open the search bar. In the search bar, type ygg so that the trading pairs of the ygg token appear. For example, click on YGG/BUSD(make sure you already have BUSD in your account in this case). Go to Spot and fill in how many YGG tokens you want to buy. By going for a Market Order you can buy your tokens directly. Click on "Buy YGG" and the tokens will then become visible in your Spot Wallet.
A Market Order allows you to buy your tokens immediately, paying the current market value for them. However, you can also set a Limit Order, where you specify the price. The price has to reach this price first, which is why you often have to wait longer for a Limit Order.
Are Yield Guild Games a good investment?
One of the biggest trends of 2021 was NFTs, along with play-to-earn games built on various blockchains. Gaming is a very accessible niche within the crypto market, which many people see as the way to make crypto mainstream. After all, gaming is a recreational activity that hundreds of millions of people do worldwide, and how fun would it be to be able to make money by gaming!
Therefore, the developments around blockchain games could prove to be a good investment in the future, especially since YGG combines NFTs and blockchain gaming, and uses its own token, which could possibly start to increase in value.
Most guilds are focused on players, because a project on the crypto market needs a community to grow. However, YGG also focuses on profitability and also thinks it is important that the project looks interesting to investors. Investors often want to put money into a project and get a wonderful return in return. For this, they do not want to have to spend hours gaming, which is often the case with other projects. Therefore, this project is not for the gamer, but for the investor.
This unique feature sets YGG apart from others within the niche. By focusing on investors, the project may have more financial opportunities, potentially allowing for faster growth. Additionally, Yield Guild Games' ecosystem is built in a decentralized manner, through the DAO. In short, all of these factors combine to create a unique value proposition for YGG, where users have the opportunity to earn from the crypto guild in a variety of ways.
How to buy ygg and can I buy ygg on Binance? Hope this article can help you get a further understanding about this topic.
