GoldFever mirrors the real world with its Game-Yield-Generator (GYG) economy 

December 23, 2022

By Ishika Kumari 

If the Game-Yield-Generator (GYG) economy sounds unfamiliar, it is anything but normal. The GYG model was created by Gold Fever as a result of their journey from a P2E economy to an open and competitive economy, determined by player-owned NFTs called GYGs.

The GYG NFTs refer to a certain type of game infrastructure along with the social and economical connections that are established openly between the players who choose to buy them and be the “makers” of the game society. 

With every passing day, the usage of blockchain technology has branched out in various sectors from cryptocurrencies, NFTs, and now even Games. Though gaming has been in our lives since ancient times, the recent growth of online gaming has surpassed various other markets that are connected to blockchain technology.

 In fact, estimates predict that in 7 years’ time, the online gaming market will grow at 17.5% CAGR and reach annual revenues exceeding $285 billion. However, despite having a positive impact on the masses the online gaming sector has various shortcomings that have been left unaddressed.

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