Blockchain
Decentraland makes strategic investment in Decentral Games
Companies will deliver Play-to-earn Metaverse Poker, giving huge boost and driving interest and confidence in the disruptive gaming industry
Decentraland, the pioneering blockchain-based virtual world, has made a strategic investment in Decentral Games, a metaverse-native GameFi DAO, in a move that further shows increasing interest and confidence in the disruptive gaming platform.
The investment from Decentraland (MANA) in Decentral Games’ (DG) native governance token $DG, an asset that allocates governance votes within the Decentral Games DAO (Decentralized Autonomous Organization) and its nearly $12 million in treasury holdings today, is aimed at helping the platform deliver free Play-to-Earn Metaverse Poker.
“The Decentraland Foundation is thrilled to support Decentral Games in its new play-to-earn gaming in the metaverse,” said Agustin Ferreira, Foundation Lead at Decentraland Foundation. “The free play-to-earn architecture has undergone phenomenal growth of late, and we believe it will enable the Decentraland platform and the community to continue on the journey of decentralized expansion.”
Mr. Ferreira added that “as a gaming pioneer in the metaverse, we believe Decentral Games is the ideal party to spearhead the next generation of play-to-earn.”
The investment deal also represents a massive endorsement of Decentral Games’ groundbreaking play-to-earn gaming architecture model that distributes tokenized financial rewards for everyday gamers’ participation on the platform.
“This significant deal will enable Decentral Games to debut play-to-earn dynamics applied to a favorite household game, poker,” said Decentral Games Founder Miles Anthony.
“Decentral Games is proud to have a trusted investment partner in Decentraland as we roll out metaverse play-to-earn ICE Poker.”
Mr. Anthony added that “Decentraland has been a pioneer in building the first iteration of an open, decentralized metaverse, so it’s a no-brainer to launch our Play-to-Earn ICE Poker there.”
Decentral Games’ innovative and on-point spirit in pushing play-to-earn gaming forward has generated recent investment from full-stack Ethereum scaling solution, Polygon, among other respected institutional entities.
In June, DG closed a $5-million funding round co-led by Collab+Currency and BACKED VC. Since then, Decentral Games has continued to execute, bringing play-to-earn to fruition, and announced the new GameFi product, ICE Poker, the play-to-earn and NFT game in September.
Decentral Games has also previously worked with Decentraland. The gaming metaverse blockchain project developed several signature games for Decentraland on a white label basis before eventually establishing itself as an enterprise DAO.
After years of proving the use case for metaverse games within Decentraland’s immersive virtual reality environments, Decentral Games is presently thrilled to take its tenured relationship with Decentraland to the next level.
$DG is the versatile, standalone token powering Decentral Games, providing players with a medium of exchange for gaming and governance and liquidity incentives unique to the platform. The model organically incentivizes long-term user growth and customer loyalty through the distribution of daily rewards, empowering Decentral Games customers with the ability to earn a new stream of income on the platform.
As Venture Beat has illustrated, play-to-earn gaming in the Philippines has yielded the potential for residents to earn three times the regional minimum wage. And market indications have clearly shown that play-to-earn is ready for meteoric adoption given its income potential.
Currently, Decentral Games runs multiple metaverse-based play-to-earn and NFT games, including co-branding and business-to-business (B2B) deals with the world’s most iconic brands, including gaming giant Atari, Amnesia Ibiza (the temple of electronic music), and Bored Apes Yacht Club (the iconic NFT series).
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