Decentral Games, a mainstream play-to-earn ecosystem, receives $1 million grant ahead of major update
Decentral Games, one of the pivotal elements of the Decentraland (MANA) Metaverse ecosystem, receives the largest grant in the history of the platform to increase the flow of cash from its main LP mechanism.
Decentral Games receives $1 million grant in MANA
According to the update shared on Decentraland’s main community forum, the proposal to issue a $1 million grant to Decentral Games was approved on June 13, 2022.
The proposal was approved by a tight margin: 56% of MANA holders voted in favour, while 44% said “no” to the idea. In total, nearly 200 enthusiasts took part in the referendum.
Once the proposal is adopted, a total of $1 million in MANA equivalent will be distributed among USDC-ICE liquidity providers on the QuickSwap DeFi protocol.
The incentive will last for three months in a row to motivate LPs’ activity in the mentioned pool.
Matthew Howells-Barby, CMO of Decentral Games, highlights the crucial importance of this initiative for the ecosystem progress of his product:
Adopting this proposal shows the support we have from the Decentraland community and how Decentral Games has become a major contributor to daily active users. These incentives will allow us to create additional stability in our ecosystem before rolling out our new sit-and-go poker tournament mode which we believe will bring a whole new experience to our Decentraland sites and help us onboard thousands of new users for the nascent metaverse.
Sit-and-go tournament mode release is in the cards
Miles Anthony, CEO of Decentral Games, highlights that his protocol is one of the backbone elements of Decentraland Metaverse design and economics:
We’ve had belief around Decentraland and its role in providing an interactive 3D interface for the open metaverse since its inception in 2017. Since then, we’ve purchased over 1000 plots of LAND and invested millions of dollars to create engaging content to attract and retain over 60% of platform users. With the support of the Decentraland team and community, we look forward to onboarding the next million users into Decentraland and the fledgling metaverse.
In the coming weeks, Decentral Games is set to launch its much-anticipated development, a sit-and-go tournament mode for its on-chain gaming products.
Decentral Games representatives have emphasized that this initiative is not a grant to the Decentral Games team. Instead, it’s designed to stimulate activity in the LP community.
