Looking for Yield Guild Games vs Axie Infinity? Crypto games are taking the world by storm. Players can play these games and earn rewards with their skills and expertise. Today, we will compare Yield Guild Games with Axie Infinity for you. Read on to learn which one will satisfy your taste buds.
Yield Guild Games vs Axie Infinity: Overview
What are Yield Guild Games?
Yield Guild Games (YGG) is a Decentralized Autonomous Organization (DAO) that engages in blockchain games’ non-fungible tokens (NFTs). These games are a subset of what is known as the metaverse. The phrase metaverse refers to the various components of blockchain-based virtual worlds, such as digital property, digital products, and so on.
In 2018, the notion of establishing a global play-to-earn games industry arose. Gabby Dizon, co-founder, and CEO of YGG saw that blockchain gaming was becoming popular in Southeast Asia. Many players were wanting to get involved in the famous NFT game Axie Infinity at the time, but many lacked the funds to purchase the in-game NFT characters known as Axies.
Dizon began lending his Axies to other gamers who couldn’t afford to purchase their own after realizing that blockchain gaming can be an uplifting tool for folks living in underdeveloped countries. This prompted him to co-found Yield Guild Games with Beryl Li in 2020, to assist gamers in thriving in the world of NFTs and blockchain games.
What is Axie Infinity?
Axie Infinity is a monster-battling videogame in which you combat teams of charming creatures called Axies.
In Axie Infinity, you collect charming monsters to battle. Axie Infinity is an image.
The game operates on the Ethereum platform with the assistance of Ronin, a sidechain that reduces fees and transaction latencies. It focuses mostly on turn-based fights against computer-controlled Axie squads or live competitors via the Internet.
These NFT cryptographically distinct tokens can be connected to digital content, in this example the Axies and land parcels that occupy Axie Infinity. Unlike traditional in-game products, the NFT grants the buyer ownership; Axies can be traded for actual cash on the game’s marketplace.
You can also produce Axies, which allows you to create potentially more strong teams and generates more NFTs to trade on the marketplace. As of this writing, some Axie NFTs had sold for as high as 300 ETH, or more than $600,000.
Read this to Learn All about Axie Infinity
Yield Guild Games vs Axie Infinity: Gameplay
What is Yield Guild Games Gameplay?
Yield Guild Games creates a metaverse market on the Ethereum blockchain by combining Decentralized Finance (DeFi) and NFTs. The YGG DAO is an open-source platform with smart contracts that enforce regulations. It fulfills several functions, including carrying out community-voted governance decisions, giving incentives, and facilitating NFT rentals.
YGG is made up of several SubDAOs, which are groups of players from a certain NFT game or geographic region. Each SubDAO does have its own set of regulations for managing the corresponding play-to-earn game’s activity and assets.
This model enables players in the same NFT game to collaborate to optimize their in-game income. Guildmembers can also rent and use community-owned NFT assets to gain in-game benefits. Those that loan their NFTs through the DAO can enjoy a portion of the gamers’ winnings in exchange.
All NFTs and digital products on YGG are housed in the YGG Treasury, which is managed by the community. The treasure distributes NFTs to each SubDAO and contains P2E assets from several blockchain games.
What is Axie Infinity Gameplay?
Axie Infinity is based on NFT products, and there is currently no way to play until you purchase the three Axie NFTs required to create your first squad.
They can be obtained through the official Axie marketplace using your Ronin wallet, which you will link to the game. You can game on PC, Mac, Android, or iOS and combat your Axies for rewards.
Axie Infinity introduces a sense of ownership to the exciting and appealing premise of Pokémon. These Axies are yours and provide actual rewards: Smooth Love Potion (SLP) is a cryptocurrency that can be exchanged for cash. The initial expenditures will be a huge deterrent for many players, but this is a game that pays players for their time and work.
“Play to earn” may sound like a marketing slogan or a corny hook, but there are already signs of a player-owned economy forming around the videogame.
Yield Guild Games vs Axie Infinity: Token
What is a Yield Guild Games token?
Yield Guild Games (YGG) is an ERC-20 unit that entitles holders to vote on the governance of the YGG DAO. It has a total quantity of one billion tokens, and 25 million YGG were sold in 2021 through an Initial DEX Offering (IDO) on SushiSwap. YGG has set aside 45 percent of the total supply to be handed to users gradually over 4 years to help the community.
YGG, the system’s native token, is being used to charge for network services. It can also be claimed in the YGG vaults to gain rewards or used to unlock unique content on the YGG Discord community. Furthermore, YGG holders can propose and vote on choices affecting the guild’s technology, products, initiatives, token distribution, and broader governance structure. YGG tokens will be awarded to the winning recommendations that are subsequently implemented into the DAO.
What are Axie Infinity Tokens?
There are two types of tokens in Axie Infinity: Smooth Love Potions (SLP) and Axie Infinity Shards (AXS). Smooth Love Potions are the major cash in the game and are used to produce Axies. Axie Infinity Shards are a governance unit that can also be used to breed Axies.
Yield Guild Games vs Axie Infinity: Price Statistics
|Yield Guild Games Price||$0.692703|
|Market Cap Dominance||0.00%|
|Volume / Market Cap||0.3262|
|24h Low / 24h High||$0.650210 / $0.734685|
|7d Low / 7d High||$0.523914 / $0.978518|
|Market Cap Rank||#400|
|All-Time High||$11.17 -93.8%
Nov 20, 2021 (6 months)
|All-Time Low||$0.481917 43.1%
May 12, 2022 (13 days)
|Axie Infinity Price||$21.38|
|Market Cap Dominance||0.13%|
|Volume / Market Cap||0.1037|
|24h Low / 24h High||$20.24 / $21.50|
|7d Low / 7d High||$19.92 / $23.43|
|Market Cap Rank||#44|
|All-Time High||$164.90 -87.0%
Nov 06, 2021 (7 months)
|All-Time Low||$0.123718 17197.4%
Nov 06, 2020 (over 1 year)
I hope you grasped the comparison factors between both these platforms.