The official announcement was made by YGG on their Twitter account:

YGG is a Decentralized Autonomous Organization (DAO) that leverages blockchain technology to offer access to play-to-earn (P2E) games globally. The organization invests in Non-Fungible Tokens (NFTs) used within blockchain-based games.

Yield Guild Games operates on the principle that gaming can be a viable income source. Using the P2E model, gamers have the opportunity to earn assets through gameplay, which can later be converted into real-world currency.

The YGG token plays a pivotal role within the ecosystem, facilitating voting and community governance. Holders of the YGG token can participate in voting on a variety of community management issues, including the purchasing and selling of NFT assets.

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