YGG Splinterlands (YGGSPL) is a decentralized collective of YGG guild members that are actively participating in the play-to-earn trading card game Splinterlands. As a tokenized subDAO, YGGSPL is a fully community-owned and governed YGG gaming subDAO.
YGG’s DAO structure allows itself to establish a game-focused subDAO that can host a specific game’s assets and activities. The YGG treasury houses a wide selection of in-game assets from multiple game partners, allowing a YGG game subDAO to govern and manage YGG’s assets while increasing the yield-generating potential for the players. By deploying smart contracts and tokenizing ownership of the subDAO, the community can control in-game assets held in the DAO treasury.
Moreover, distributing ownership through tokens allows subDAO token holders and players to participate in the governance of these assets and rewards earned from productive play. YGG subDAO token holders may submit and vote on proposals for how to manage the assets and treasury in a way that will serve the best interests of the community. Two examples of subDAOs that are game-specific and led entirely by the community in those games are YGG-LOK, for League of Kingdoms, and YGGSPL, for Splinterlands.
In this article, we delve into what a “game-specific” subDAO is, YGG’s involvement in Splinterlands that led to the formation of YGGSPL, the community leading the subDAO, and its ongoing token sale that will put governance rights into the hands of YGGSPL community members.