There is a feel to gaming and there is even more realism in the metaverse.
We have come to appreciate that the blockchain, NFTs, cryptocurrencies, and gaming perfectly complement each other.
Gamers felt suppressed with middlemen wielding excessive power. They spend billions in gadgets–and even more resources when playing without being satisfactorily compensated.
Gaming And Metaverse Are Multi-Billion-Dollar Industries
The widespread use of NFTs is changing this skew to favor gamers while also creating a win-win environment for platform developers in a transparent base layer.
There is even more considering that the metaverse could explode to $400 billion by 2025 and $828 billion by 2028, up from around $180 billion in 2020.
The spike in valuation is due to the commitment from various technology companies like Facebook and Epic Games.
Their cumulative multi-billion investment prime gaming allowing for even faster integration of NFTs, blockchain, cryptocurrencies, and more.
Introducing Decentral Games
As tech giants realize the benefits of the metaverse, the Decentral Games developers are already neck-deep in the space. They have been active, hunched in development since 2019.
Decentral Games is a social play-to-earn gaming portal in the metaverse. Adhering to the guiding principles of the blockchain, the metaverse-based online casino is DAO-governed, relying on its native ERC-20 DG token.
The platform is community-driven and all their online gambling games are on Ethereum-based Decentraland while also leveraging on the Ethereum’s sidechain, Polygon.
Launching its native token on Polygon means fees are low, a smoother experience, and non-custodial participation.
Like the metaverse and gaming, online gambling is massive.
A Grand View Research report predicts the sphere to expand to $127 billion by 2027, registering an 11.5 percent CAGR growth from 2020.
Decentral Games Ecosystem
The Decentral Games supports several games include Slots–three spinning reels each with four icons, a 4-deck Black Jack, a standard European Roulette where bets and bet amounts are capped at 36 bets and 1k MANA, Poker, and Backgammon that features two players with a minimum betting amount of 10 MANA.
There are some games where players need not stake cryptocurrency to play.
Meanwhile, gamblers can bet on various metaverse casinos like Tominoya–Japanese-themed casino located in the Vegas City, Serenity Island—inspired by Monte Carlo-inspired architecture, and Chateau Satoshi —accessible from the Genesis Plaza–on Decentraland—an Ethereum-based DAO-governed metaverse.
Governance
Decentral Games reward users differently for participation.
For instance, those who participate in governance by voting on proposals on how to use Treasury funds receive DG tokens.
The Treasury collects fees in MANA and DAI from players.
At the same time, gamers receive DG tokens by playing. Also, liquidity providers in various supported pools are awarded with DG tokens for supplying liquidity.
Specifically, those who provide liquidity on MANA/DG or DAI/DG at a ratio of 98/2 on Balancer and staking the Balancer pool token can farm DG.
To encourage participation, Decentral Games allocated 62 percent of the token’s supply as incentives.
This will ensure users who, in one way or another, contribute positively to the project receive DG rewards.
Main Components of Decentral Games
There are five components forming the Decentral Games ecosystem.
The Treasury collects all revenue generated from their three main games—roulette, slots, and Black Jack. The DAO wallet safeguards funds. Treasury funds can be used directly on marketing campaigns, direct investment into new games, Buyback of DG, and direct distribution of MANA and DAI tokens to DG token holders.
The Rewards contract of the DAO distributes winnings and rewards to players while the Liquidity contract distributes rewards to liquidity providers of the ETH-DG pool.
Lastly, the Governance contract requires that DG token holders stake their tokens to participate in the game’s Treasury funds governance.
Still, Decentral Games has stated clearly that voting doesn’t entitle users to determine the company’s day-to-day operations.
Primarily, stakers of DG can vote on Treasury fund allocation, gameplay mining rewards and bonuses, grants for new game development, and approval for new operators.
All voting period lasts four days. It requires that one percent of the total supply—or just 2k DG tokens- submit a governance proposal.
In all, stakers stand to receive up to 40 percent in yield reward.
Apart from governance, the DG token, as mentioned before, will also be a utility.
For example, Decentral Game has stated that it would be used as a medium of exchange between participants of its broad ecosystem.
Additionally, it is for the implementation of the game’s economic incentives for active participants only.
Therefore, users who don’t stake, play games with MANA or DAI, or participate in governance won’t receive DG rewards.
ICE Poker P2E NFT Game
Incentives are distributed differently depending on the play-to-mine function and more.
For example, roulette and blackjack play-to-mine functions, affiliate rate, multiplayer, and NFT wearable bonus.
Presently, the platform is proceeding with their ICE Poker NFT Mint—their latest P2E game– where eligible DG and wETH stakers in Ethereum and Polygon can participate.
All minting of wearables will take place on the DG Marketplace.
Decentral Game states that the play-to-mine rate is 1 DG for every 200 DAI and the affiliate bonus is 10 percent.
Decentral Games Team and Partners
Leading the Decentral Games charge is Miles Anthony—the founder and lead, co-founder Scott de Taboada—who serves as the technical lead–, and Steve Becerra—the CTO and co-founder.
He ports his experience from Digipets, which launched on Ethereum back in 2019.
The Decentral Game developers have partnered with several crypto venture funds, including Digital Currency Group (DCG), AU21 Capital, GBV, BSC, and more.
In June 2021, it raised $5 million. Commenting, DCG’s VP of Development, Casey Taylor, said:
“Decentral Games offers players both the novelty of avatars gambling in a virtual world and the great user experience that gamers demand. We’re excited to back Scott, Miles, and the team as they continue to bring the massive opportunity in blockchain-enabled gaming to life.”
At the same time, Decentral Games struck a deal with Atari in Q1 2021.
Decentral Games (DG) Tokenomics and Market Performance
There are 1 million DG tokens as the total supply set for strategic distribution over six years.
The project will disburse its tokens as follows:
- 62 percent allocated to the community—where half goes to gameplay rewards
- 20 percent to the team
- 18 percent to early adopters—there is a two-year vesting
The DG token is at record highs at the time of writing, changing hands at $613.
From the circulating supply of 346,695.50 DG, its market cap stands at $212 million.
The DG token is available for trading in various exchanges, including Uniswap v2, Gate.io, SushiSwap, PancakeSwap, Lbank, and more.
Decentral Game (DG) Catalysts
- Decentral Games is relatively undervalued in compared to the industry it seeks to disrupt: the metaverse and gaming. This presents an opportunity for investors.
- The DG token is relatively liquid. With more listing, the token’s role in online gambling will translate to more gains in the days ahead. The release of the ICE Poker NFT Mint is an example where the team also introduces NFTs. Later, the team will launch Poker online gambling game open to users.
- Their leveraging of the roaring Decentraland and strategic launch on Polygon are a super combination that may drive DG prices even higher in the days ahead. Already, MANA tokens are soaring as capital flow to the metaverse projects while Polygon is already separating itself from the rest due to its seamless interoperability with Ethereum.
- The Decentral Game is led by an experienced team planning to refine the project even more in the months ahead.
- The project integrates a buyback program for DG tokens from a portion of funds from their Treasury. Factoring in the low supply of DG tokens, this move would significantly boost the coin’s valuation over the long run.
- The DG has a low supply. Sixty-two percent of these tokens will be distributed to the team. This points to their focus on decentralization and placing users at the center of their interests.
- Decentral Game has already struck high profile partnership with Atari—the video game pioneer. It is a pointer to the quality of the project—a boost in their development.
- With Binance as one of the partners, the probability of DG being listed in the future on the biggest exchange by user count remains higher—a net positive for the project and token holders.
- Decentral Game is also backed by leading crypto venture funds, including DCG. The group has other successful projects in its portfolio. Based on their research, their participation in the metaverse project would likely lead to superior returns.