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Yield Guild Games Launches New Onchain Guild with $7.5 Million Allocation

Yield Guild Games establishes a decentralized Onchain Guild, allocating 50 million YGG tokens to explore innovative revenue generation strategies.

Summary

Yield Guild Games (YGG) has announced the launch of a new Onchain Guild, allocating 50 million YGG tokens, valued at approximately $7.5 million, to explore innovative revenue generation strategies. This guild operates on a decentralized model, utilizing only its assets for exclusive transactions and not accepting external capital. The initiative is co-led by YGG's Corporate Development Manager Serge-Raymond Nzabandora and Head of Corporate Development Andy Chou, both experienced in technology investment and capital markets.

Terms & Concepts
  • Onchain Guild: A decentralized organization that operates on blockchain technology to manage assets and strategies without external capital.
  • YGG tokens: The native tokens of Yield Guild Games, used for governance and accessing various services within the ecosystem.
  • yield-generating strategies: Investment approaches aimed at producing income or returns from assets, often through trading or staking.