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Primer on Non-fungible Tokens NFTs

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Primer on Non-fungible Tokens NFTs ( primer-non-fungible-tokens-nfts )

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In the Philippines the income from Axie is better than many ‘real world’ jobs – especially at a time of high unemployment from the COVID economic fallout • Play to earn creates entirely new wealth in a purely virtual sense but puts bread on the table and roofs over people’s heads. • Play to earn could become the primary income for hundreds of millions of people as a form of financial emancipation rather than digital feudalism. • YGG is a decentralized autonomous organization (typically referred to as a DAO). • YGG is a collective of play-to-earn gamers • YGG buys and rents in-game assets to players to create paying jobs for the ‘scholarship recipients’ and generate yield for YGG itself. A tricky part of play-to-earn is that it takes upfront capital for individuals to buy digital assets that then generate yield through play. This can discriminate against those in less fortunate financial situations... one solution is Yield Guild Games (YGG) o Think of it like a prop-trading firm but instead of traders you have gamers o The income earned from active players is shared between the player and YGG 10

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