Source : ambcrypto.com
The emerging Metaverse industry was valued at an estimated $47 billion in 2020 and is expected to see exponential growth in the coming decade with experts estimating the space is expected to maintain a 43.3% CAGR (Compound Annual Growth Rate) through 2028. One of the biggest catalysts of Metaverse adoption has been the trend towards implementing blockchain-based games with user-friendly, play-to-earn style economics.
Decentral Games is a frontrunner in play-to-earn gaming, a genre of games by which users have the ability to earn income by way of their participation alone. In terms of its operating structure, Decentral Games is a DAO-governed Metaverse project that is powered by its governance token, $DG. The platform launched its $DG token in late 2020 and has quickly amassed a formidable user base of over 100K unique token holders. The DG DAO Treasury also holds an aggregate $60 Million in assets and maintains strong, consistent cash flows due to a consistently growing number of users buying NFTs and placing wagers on the platform.
What Is Decentral Games (DG)?
Decentral Games is a Metaverse-based social gaming platform that allows users to play-to-earn and play games using cryptocurrencies such as NFT games, event social games, skilled games, and wager-based games including poker, roulette, blackjack, and slots.
The platform offers users a variety of different gameplay modes including a free play mode, and a play-to-earn mode called ICE Poker. All of DG’s products are built utilizing Decentraland and Matic Network L2 and use a novel meta-transactional architecture that delivers seamless, signatureless, and free in-game transactions.
Value-Added Institutional Partnerships
Decentral Games’ forward-thinking approach in the gaming space has earned them numerous strategic investments from high-profile enterprises including Binance Smart Chain, Decentraland, Polygon, Tron, and more.
Not only has the project cemented itself as a leader in gaming, but also a pioneer in developing immersive metaverse projects for institutions across a variety of sectors. In 2020, Decentral Games struck a deal with Atari to develop a special co-branded venue designed using branding from the iconic video game developer. Additionally, cryptocurrency institutions such as DEXTools, Coingecko, Polygon, Bored Ape Yacht Club (BAYC) have entrusted Decentral Games with developing their Metaverse-based headquarters or presence ensuring their footprint in the next technological frontier is secured for years to come.
Going Beyond Gaming: DG’s Expanded Value Proposition
Decentral Games has similarly utilized their experience in crafting 3D environments to expand beyond the value proposition of their gaming venues alone. In 2021, the project was expanded to include new high-growth business lines including NFT commerce and virtual music events.
On that front, Decentral Games’ footprint includes a metaverse nightclub, which was opened in partnership with Amnesia Ibiza, a leading promoter and venue operator in the traditional nightlife space.
Uncovering $DG and $ICE Token Utility
The $DG governance token on Decentral Games entitles holders to fractionalize ownership of the DG DAO Treasury and its cash flows. The foundational principle driving the $DG governance strategy is to empower token holders to “be the house.”
In traditional wager-based games, players and the house are often at opposing ends of the incentive structure, but Decentral Games flips this centuries-old industry on its head by aligning the financial goals of both the players and the house through $DG token. Consistent with the responsibilities of fractionalized asset ownership, token holders can voice their opinions through voting on major platform developments and proposals that are put to the floor.
Separately, the $ICE token represents the in-game utility token for Decentral Games’ ICE Poker product. The goal of ICE Poker is for players to accumulate $ICE tokens in order to exchange them for rewards and wearable NFT upgrades.
Players begin with an entry-level rank NFT and earn $ICE through daily check-ins and by completing challenges. Once enough $ICE is accumulated, the $ICE is burned and in exchange, the player’s NFT is upgraded in rank. Or players can choose to exchange $ICE for other tokens or liquidity.
Higher ranking NFTs allow players the opportunity to accumulate $ICE faster, and therefore, higher earning potential as they continue to play. Decentral Games is continuing to expand the utility of their NFTs on the platform by providing users access to additional rewards, events, and VIP privileges.
Decentral Games’ 2022 Outlook & Beyond
Decentral Games is demonstrating an unrelenting appetite for disrupting numerous multi-billion dollar sectors within virtual gaming, concerts, NFTs, and metaverse development. The company has effortlessly executed on their mission to derive value for $DG token holders while diversifying their revenue streams in an ever-changing marketplace.
With strategic partnerships alongside the biggest enterprise players in crypto as well as investment firms such as Digital Currency Group (DCG), Collab + Currency, Hashkey, and a few others, Decentral Games has raised the capital needed in order to expand their team and continue critical marketing efforts.
With play-to-earn economics successfully implemented, Decentral Games has only just begun to reap the benefits of their forward-thinking product, ICE Poker. Crypto-gaming is becoming an increasingly crowded field, but while most projects have only just begun to speculate on how they can implement play-to-earn dynamics, DG is already live.
Play-to-earn will be a catalyst for the platform’s user growth and has already 10x the platform’s player count in a matter of weeks. As more enterprise partners and individuals discover DG, the prospects for upside in the $DG token continue to remain bright.
Disclaimer: This is a paid post and should not be treated as news/advice.