YGG completed a YGG buyback of 135 ETH on July 31, with its fund reserves valued at $38 million.

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According to PANews on August 13, Yield Guild Games (YGG) released its July update report. Its first self-developed game, LOL Land, has performed strongly since its launch in May, attracting over 631,000 monthly active users (MAU) and 69,000 daily active users (DAU), with players spending an average of $434. YGG has also signed its first third-party publishing agreement, becoming the official publishing partner for GLHF's on-chain RPG game Gigaverse.

Additionally, on July 31, YGG completed a token buyback of 135 ETH (worth $518,000), and as of that day, its treasury had a total value of $38 million, including $7.7 million in stablecoins, government bonds, and large-cap tokens.

Previously, YGG established its game publishing department YGG Play and launched its first blockchain game, 'LOL Land'.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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