YGG (Yield Guild Games) fell 12.31% in the last 24 hours.

Gate News Bot news, on September 16, according to CoinMarketCap data, as of the time of writing, YGG (Yield Guild Games) is currently priced at $0.20, a fall of 12.31% in the last 24 hours, with a high of $0.26 and a low of $0.15. The current market capitalization is approximately $120 million, a decrease of $16.8874 million compared to yesterday.

Yield Guild Games is a leading platform in the Web3 gaming space, focusing on building large gaming guilds. The project aims to provide players with the opportunity to enter the Web3 gaming world, creating a vibrant gaming community through the "Together We Play" (#TogetherWePlay) concept. YGG has garnered support from several well-known institutions, including Delphi, Bitkraft, and A16z.

Important news about YGG recently:

1️⃣ YGG Ventures raises $75 million Yield Guild Games' venture capital arm YGG Ventures successfully raised $75 million. This funding will be used to invest in Web3 gaming projects, with the potential to further expand YGG's influence in the blockchain gaming space. This move could bring more high-quality gaming resources to YGG and enhance its position in the Web3 gaming ecosystem.

2️⃣ YGG token is about to be unlocked The YGG token is about to face an important unlocking event. This may affect the token circulation and market price in the short term. Investors should closely monitor the market reaction after the unlocking, as well as the related measures that the project team may take.

3️⃣ Successfully reached a settlement with Merit Circle DAO Yield Guild Games and Merit Circle DAO have reached a settlement agreement, successfully avoiding potential legal disputes. This settlement not only eliminated uncertainty but also brought YGG a return ten times its initial investment. This move demonstrates YGG's ability to handle complex business relationships, which is beneficial for maintaining its reputation in the gaming guild space.

Despite the recent positive news for YGG, its price has still experienced a significant fall. This may reflect the volatility of the overall cryptocurrency market or investors' cautious attitude towards the upcoming token unlock event. In the short term, the price trend of YGG may be affected by the token unlock and overall market sentiment. In the long run, the successful fundraising by YGG Ventures and the continuous development of its projects may bring new growth opportunities.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.