Yield Guild Games (YGG) has announced a collaboration with the Binance exchange and the launch of the U-based Perpetual Contract. As a result, the price of the YGG token unexpectedly surged, reaching a peak of $0.55 USD (a staggering increase of over 90%), before stabilizing around $0.41 USD.
YGG is a decentralized autonomous organization (DAO) that invests in NFTs within the Metaverse and blockchain-based games. Their mission is to create the largest virtual world economy, optimizing community assets to maximize benefits and share profits with YGG token holders.
Following the introduction of the U-based Perpetual Contract on Binance, YGG attracted significant attention from traders and investors, further solidifying their position in the cryptocurrency market. The trading volume of YGG futures contracts also skyrocketed to an impressive $3.95 billion USD. These figures made YGG a focal point, trailing only behind giants like Bitcoin and Ethereum.
The success of YGG not only lies in its increased value and trading volume but also reflects the growing interest in blockchain-based gaming and the Metaverse.
YGG has been a trailblazer in this emerging trend, providing a creative platform for players to earn through NFTs and their investment skills. This has opened up numerous new opportunities for participants and holds immense development potential for both YGG and the overall cryptocurrency market.