Yield Guild Video games buys again one other $1 million-worth of its YGG token

Yield Guild Video games is continuous to make use of the income from its informal degen sport LOL Land to purchase again its YGG token from the open market.

Following an preliminary $518,000 repurchase on thirty first July, the group has confirmed it spent an extra $1 million shopping for again tokens on Friday twenty second August.

The 5.9 million tokens acquired have been saved in a contemporary Ethereum multi-signature pockets, which is managed by the YGG Treasury.

In whole, YGG has now acquired 8.9 million YGG tokens, which is roughly 1.5% of the present circulating provide, though this hasn’t but impacted the token’s value, which stays a mere 17% above its June 2023 all-time-high, and 81% down from its 52-week-high.

Nonetheless, YGG says it'll proceed to make use of income from its sport publishing enterprise, together with LOL Land, to additional strengthen its group.

“YGG Play’s early success with LOL Land reveals the energy of our publishing mannequin and the ability of our group. We intend to make use of these income to gasoline the expansion of the complete YGG ecosystem. This is only one of many steps we’re taking to unlock extra alternatives for gamers, builders, and companions as we proceed scaling YGG Play and increasing our community of video games,” commented co-founder Gabby Dizon.

The group just lately introduced a brand new stage within the sport, created together with Pengu Asia.

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