Decentraland DAO has chosen to allocate a $1 million grant to support Decentral Games.
Decentral Games is making waves in the metaverse gaming world. announced it has received a $1 million grant from Decentraland DAO . The company specializes in metaverse poker experiences, and these funds will help to solidify the ICE Poker ecosystem.
On May 20, Decentral Games put forth a grant application that was ultimately approved with a resounding 59% majority just six days later.
The proposal read The proposal outlines a strategy to allocate $1 million in MANA to incentivize rewards for the ICE-USDC liquidity pool on QuickSwap. MANA rewards are set to be distributed over three months for those staking in the USDC-ICE LP to bootstrap the pool. This temporary support is essential as new sit-and-go tournaments are being developed, set to launch in July, to drive engagement.
The funding will be provided in the native utility token $MANA, which is expected to enhance the $USDC – $ICE liquidity pool ahead of tournament launches and serve as rewards for participants in the Quickswap staking pool.
Matthew Howells-Barby, CMO of Decentral Games, expressed, 'The approval of this proposal highlights the support from the Decentraland community and the significant role Decentral Games plays in attracting daily active users. These rewards will help us ensure a more robust ecosystem as we prepare to introduce our new sit-and-go poker tournament mode, promising an exciting experience for visitors to our Decentraland locations and helping to onboard numerous newcomers to the evolving metaverse.'
ICE Poker has rapidly gained popularity within Decentraland, accounting for a staggering 60% of all in-world traffic, despite launching only in autumn 2021. According to the proposal, the game boasts over 8,000 daily users frequenting 12 venues across more than 100 parcels of land. Furthermore, Decentral Games offers a variety of events beyond poker, including live music, artist showcases, and NFT release parties.
Read related posts:
- Don’t miss the inaugural book launch in the metaverse: 'Parallel Metaverses' by Nina Xiang, happening in Decentraland.
- DressX has emerged as a finalist for the prestigious LVMH Innovation Award.
- EtherDrops has introduced an NFT tracking bot to enhance user experience.
Disclaimer
In line with the Trust Project guidelines Please keep in mind that the information presented here is not intended to serve as legal, tax, investment, financial, or any other form of advice. It's crucial to invest only what you can afford to lose, and for personalized guidance, seek independent financial advice. For additional details, we recommend checking the terms of use and support pages provided by the issuer or advertiser. At MetaversePost, we strive for accurate and unbiased reporting, yet market dynamics can change without prior notification.
