Yield Guild Games (YGG) has just established a new Onchain Guild, while allocating 50 million YGG Tokens worth approximately 7.5 million USD to the ecosystem fund.
Onchain Guild operates under a decentralized model, using the guild's assets to trade separately, not accepting outside capital or providing investment services. This fund is co-managed by two business development experts from YGG.
MAIN CONTENT
YGG establishes a new Onchain Guild with a decentralized mechanism in its operations.
Allocation of 50 million YGG Tokens (7.5 million USD) to the development ecosystem fund.
The fund is directly led by experienced business development experts.
What has Yield Guild Games done to develop Onchain Guild?
Yield Guild Games (YGG) establishes Onchain Guild to expand the decentralized gaming ecosystem through a specialized operational mechanism instead of a traditional model.
YGG's Onchain Guild uses a decentralized structure, only trading with internal assets and not attracting outside capital or deploying investment services. This ensures a focus on sustainable development based on internal resources.
This action creates a new model for decentralized gaming guilds, focusing on risk control and maximizing the potential of digital assets in Blockchain.
How is YGG's ecosystem fund allocated and who manages it?
YGG allocates 50 million YGG Tokens equivalent to 7.5 million USD to the ecosystem fund to promote initiatives that generate new income sources for the ecosystem.
This fund is co-led by Serge-Raymond Nzabandora and Andy Chou – two key positions in YGG's business development department, both with a solid background in technology investment and capital markets.
"The strategy for developing Onchain Guild and managing the ecosystem fund focuses on building a sustainable, innovative, and groundbreaking ecosystem in the decentralized gaming sector."
Serge-Raymond Nzabandora, YGG Business Development Director, 2023
This resource allocation not only enhances liquidity for gaming activities but also opens up many investment opportunities for project development and building new business models capable of long-term profitability.
What are the outstanding features of Onchain Guild's separate operating mechanism?
Onchain Guild operates through the guild's assets, not accepting capital or investment services from third parties, ensuring strict control over cash flow and asset management rights.
This model helps the development team avoid legal and financial risks arising from using external capital, while building transparency and safety for the gaming community.
These characteristics clearly reflect the professionalism and high-risk management capabilities of YGG's leadership team, thereby increasing trust and long-term development stability.
Frequently Asked Questions
What is YGG's Onchain Guild?
Onchain Guild is a decentralized network that operates independently, using the guild's owned assets for separate trading, not accepting outside capital or investment services.
What is the YGG ecosystem fund used for?
The ecosystem fund is dedicated to initiatives that develop income sources and expand YGG's decentralized gaming ecosystem.
Who manages the YGG ecosystem fund?
Two business development experts, Serge-Raymond Nzabandora and Andy Chou, with deep experience in technology investment and capital markets.
What advantages does Onchain Guild have over traditional models?
An internal cash flow control mechanism, increasing transparency, reducing legal and financial risks from external capital.
How much is 50 million YGG Tokens worth?
Approximately 7.5 million USD, supporting financial resources for a sustainable development ecosystem fund.
Source: https://tintucbitcoin.com/ygg-lap-onchain-guild-phan-bo-50-trieu-ygg/
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