Decentral Games – the popular play-to-earn gaming project within Decentraland, has just received $1 million worth of MANA from the Decentraland DAO, a revolutionary step forward for Decentraland and the metaverse in general, as it is one of the largest ecosystem grants Decentraland has ever awarded. Therefore, it’s safe to say that is a great case study of DAO governance in the real world.
About Decentral Games
Decentral Games is essentially a play-to-earn metaverse casino. It is a DAO, powered by a native governance token (DG). Decentral Games, built as multiple venues in Decentraland, is managed and owned by its users who compete in multi-player digital games. In-platform games include backgammon, slots, poker, blackjack and roulette. What’s interesting about DG is that instead of trying to beat the house, its users feel part of a community, as they all own a piece of the metaverse casino.
What is the proposed Decentral Games project about?
Decentral Games continues to evolve and attract more participants. In fact, its venue visitors and ICE Poker players account for around 60% of Decentraland’s weekly active users. Overall, Decentral Games occupies 12 live venues and 1,007 parcels of LAND within Decentraland. Furthermore, it has more than 8,000 active players and 40,000 visitors per week across all venues.
To expand its scope, Decentral Games needed $1 million worth of MANA to reward the ICE-USDC liquidity pool on QuickSwap. The MANA rewards will be distributed over 3 months to those that stake USDC-ICE LP bootstrap the pool. It’s important to mention that this funding will support DG while the team develops the sit-and-go tournaments, set to launch in July.
The proposal also mentioned that if the proposal passes, the Decentral DAO would send $1M of MANA to dgtreasury.eth to distribute to people staking the LP. Therefore, the Decentral Games DAO will not retain any MANA.
Furthermore, the Decentraland DAO, which assigns MANA to boost ICE-USDC liquidity, would also contribute to maintaining Decentraland’s DAU. In its proposal, Decentral Games also mentioned that since most ICE holders are not MANA holders, this initiative would help introduce ICE holders to the Decentraland DOA.
The market importance of Decentraland’s MANA
Despite the crypto crash, Decentraland’s MANA is not suffering as much as other tokens. This is because Decentraland is the crypto space’s largest metaverse. Players, therefore, need MANA to fully immerse themselves in the metaverse. Furthermore, high-profile investors, such as Singaporean billionaire Kwek Leng Beng, have continued to solidify its position as a strong token.