DECENTRALAND INVESTS IN METAVERSE-NATIVE GAMEFI DAO DECENTRAL GAMES

Blockchain-based virtual world Decentraland has made a strategic investment in Decentral Games, the metaverse-native GameFi DAO. 

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 US$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. As a gaming pioneer in the metaverse, we believe Decentral Games is the ideal party to spearhead the next generation of play-to-earn.”

“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. 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 has also received recent investment from full-stack Ethereum scaling solution, Polygon, among others. In June, DG closed a $5-million funding round co-led by Collab+Currency and BACKED VC. 

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 previously worked with Decentraland, developing several signature games for on a white label basis before eventually establishing itself as an enterprise DAO.

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).