Yield Guild Games (YGG) is a decentralized gaming guild that pools funds to purchase yield-generating NFTs, leveraging players' time and effort to optimize community-owned assets for maximum utility and return. By merging NFTs and DeFi, YGG creates value for its partners and community by developing the content and economy of virtual worlds and blockchain-based games. Their mission is to create the largest virtual world economy.
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Web3 gaming platform YGG Play announced its official shutdown and thanked platform users and community members. The official team has not yet disclosed the reason for the shutdown.
Gabby Dizon posted on platform X, stating that YGG's Web3 game publishing arm, YGGPlay, will shut down on August 1, affecting 35 jobs. The company has pledged to pay an additional eight weeks of salary. Moving forward, YGG will continue to operate with a small team, collaborating with gaming communities to sell data to AI labs through game interactions and data training.