In the past few years, Web3 games have gone from boom to bust, and the illusion of P2E has pretty much shattered, leaving only those projects that can genuinely generate data and cash flow. $YGG happens to be one of them.
YGG, short for Yield Guild Games, is one of the earliest guilds in blockchain gaming, focusing on game asset lending and Play-to-Earn opportunities. Founded in 2021 by Ryan Li and others, it has raised a total of $37.5M in funding support, backed by leading institutions such as a16z crypto and DWF Labs. Recently, it has also been quite active, seemingly preparing for a big move.
Last week, it completed a $1 million buyback, bringing the total buyback amount to $1.5 million, which clearly indicates the project's strong confidence in the market. A series of positive news has also provided good support for its market capitalization, currently $YGG token situation.
-Price: $0.1499
-Market cap: $88M (circulating market cap)
-24h trading volume: $24M
-Token supply: 594M $YGG, circulation rate 59.4%
By unlocking progress and holding addresses, it can be seen that 94% of investors have been unlocked, with the top 25 addresses controlling 49% of the circulating tokens. Coupled with the deflationary mechanism established through regular buybacks, the selling pressure on $YGG can be ignored in the short term.
Looking again at YGG Play, it is the issuance department of the YGG guild. Its positioning is to specifically capture "casual Degens", allowing crypto-native players to earn instant rewards in lightweight, fast-paced mini-games. Its mini-game @LOLLandGame has reached a daily income of $176,000 at its peak, and now the monthly revenue is basically stable at $1 million, which translates to an annualized figure of about $12 million. If we apply traditional price-to-earnings ratios, it is about 8, and the valuation is not considered expensive at all. More importantly, this is just one game's data; if other games are launched or hit the jackpot later, the incremental space will be even larger. In the P2E track, there are actually very few that can run smoothly and remain stable.
In terms of external cooperation, YGG has gained a first-mover advantage in the ecosystem through betting on Abstract's frictionless onboarding and game discovery features, backed by the mature retail influence of Pudgy Penguins. It is currently collaborating with @pudgypenguins and @AbstractChain to host large-scale events, continuously expanding its influence across blockchain games and IP.
The last key point is that it is said that YGG Play may launch a Fair Launch style Launchpad next month, with the game token FDV launched on the platform being less than 1 million dollars, breaking the current market's "high FDV, low circulation" issuance model to maximize benefits for participants. Currently, this is just a rumor; specific information can be obtained from official channels.
If this step is really successful, YGG will focus more on being a token incubation platform for the gaming track in the future. This is a key leverage point for upgrading the ecological narrative, evolving from a single guild to a gaming ecosystem of "STEAM + Binance". Once implemented, it will become the most promising token incubator in the blockchain gaming ecosystem. Personally, I am also quite interested in Launchpad. Currently, there aren't many in the blockchain gaming space that can hold on. Sometimes persistence and waiting for opportunities is also a form of success, as opportunities are reserved for those who are prepared. With the sustainable development of the Gamefi track, the price odds of $YGG are very high and worth continuous attention!
