Decentral Games, the premier social gaming Metaverse where players can play-to-earn cryptocurrency, continues to disrupt, expand, and improve its ground-breaking product suite.
Decentral Games’ next level of play-to-earn sophistication involves the launch of in-game ICE Poker, a new way for players to earn real money by completing daily challenges and competing against each other in a free-to-play poker game.
In order to participate, players will need to obtain at least one exclusive iced NFT wearable either through purchase or delegation. When holding a one-of-a-kind Iced NFT, players will be allocated a set amount of Chips which are used to play ICE Poker. Completing daily in-game challenges will earn ICE rewards for users, who will in turn be able to burn ICE to upgrade their wearable NFTs for even greater prestige.
NFT wearable upgrades will inherently create upward mobility for players investing in wearable NFT assets and players who engage with the DG platform the most frequently. Decentral Games believes this is the most promising path forward towards actualizing the full potential of the play-to-earn narrative and creating the most loyal and far-reaching community in the blockchain gaming sector.
The growth of the NFT wearables economy will also be met with further developments from DG as the platform is looking to foster this demand with the creation of a native DG NFT marketplace. The marketplace is aimed at incentivising players to trade their DG NFTs by not requiring buyers to activate their NFTs ($DG fee) for play-to-earn following a purchase on this marketplace. The DG NFT Marketplace will charge a 4% transaction fee that will accrue to the DG Treasury.
The Launch of $DG
Decentral Games launched its native $DG governance token in December 2020 which has since enabled the platform’s investors to share in the fractionalized, collective ownership of the DG DAO and its assets. Today, the DG treasury, which consists of virtual lands, token reserves, and NFT’s commands over $12 million in total asset value.
“The launch of $DG has been foundational to building our strong community and implementing the foundational building blocks of our play-to-earn model,” CEO and founder of Decentral Games, Miles Anthony said. “It’s clear that play-to-earn will play a massive role in the future of crypto and gaming, and Decentral Games is now a first-mover in the nascent space.”
Despite DG’s exponential increase in earnings over the last nine months $DG’s current P/E ratio of 6 suggests the market is undervaluing its future earnings potential, which is creating an opportunity for value investors.
Decentral Games’ market cap currently sits at $131M, with its valuation increasing substantially over the last 9 months and is well positioned to achieve new heights of price discovery in the months ahead.
Expanded its value proposition
Since the launch of its native $DG token last year, Decentral Games has substantially expanded the value proposition of its immersive metaverse environments. The platform has launched a handful of popular virtual games including slots, roulette, blackjack, and poker, expanded its partnerships, and become a front-runner in driving the wildly successful play-to-earn narrative.
As the blockchain-based gaming sector continues its tremendous growth trajectory, Decentral Games’ play-to-earn model is becoming an increasingly important pillar in the project’s promising future. To that end, Decentral Games is continuing to innovate upon the game-changing dynamic with the launch of a dedicated play-to-earn disinflationary token and a series of premium NFT upgrades, which will ultimately yield premium incentives for the platform’s most loyal users.
Metaverse Play-to-Earn Gaming
Win or lose, players engaging in games of poker, blackjack, roulette, and slots, can recoup up to 50% of the house edge back in $DG. This dynamic seeks to align the financial interests of both the players and the investors.
The decentralised play-to-earn model is also unique in that it allows players and employees to acquire shared ownership in the platform the more they interact with the DG metaverse, which incentivizes continued player participation over the long-term. The system has become a primary driver of user acquisition and community-building within the increasingly expansive DG metaverse.
Decentral Games currently offers free blackjack, poker, backgammon, roulette, and slots games in a never-before-seen metaverse that allows players to “be the house” and people to become gaming platform employees on a remote basis.
Play-to-Earn: What Is It and What Is Its Potential?
Play-to-earn games are the latest innovation in the blockchain gaming industry, explains a Cointelegraph article. “It will revolutionise how people interact with the economies of their favourite games. It has ensured and embraced the concept of an open economy, making sure players who bring value to the gaming world are rewarded financially.” This is the basic premise driving adoption of the GameFi movement, which is defined by gaming technologies that have the ability to create consistent financial incentives for their players.
The crypto news outlet’s article also says that this revolutionary gaming model has experienced a domino effect of sorts on the crypto markets as an increasing number of people are playing these games in a bid to make an extra earning while having fun. It adds that the markets are on an upward trajectory because major institutions and retail investors are increasingly investing in the games. “This really is the DeFi season,” the article says, adding the trend will continue as these metaverse games attract more players and mainstream attention.
In fact, metaverse has already become a major tech buzzword. Facebook CEO Mark Zuckerberg, for example, mentioned the word at least 20 times while explaining how it has impacted the social media giant’s future. “I think over the next five years or so,” he said during a recent company conference call. Facebook will “effectively transition from people seeing us as primarily being a social media company to being a metaverse company,” he added. While his comments came as a surprise to traditional investment markets, $DG investors have been acutely aware of the metaverse’s potential to completely revolutionize e-commerce, entertainment, and of course, gaming for quite some time. Fans of Decentral Games’ technology have been encouraged by the fact that the project has also taken an outsized role in onboarding traditional companies into the metaverse in an incredible demonstration of thought leadership, which has greatly aided their reputation as a premier metaverse project.