Decentral Games, the mainstream play-to-earn ecosystem, receives $1 million grant ahead of major update
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- Decentral Games to Mana . receives a grant of $1 million in
- Sit-and-go tournament mode release is in the cards
Decentral Games, one of the key elements of the Decentraland (MANA) metaverse ecosystem, has received the largest grant in the platform’s history to boost the liquidity stream of its main LP system.
Decentral Games to Mana . receives a grant of $1 million in
According to an update shared on Decentraland’s main community forum, a proposal to release a $1 million grant for the Decentral Games was approved on June 13, 2022.
Governance resolution to allocate $1M USD in MANA to promote ICE-USDC Quickswap LP has passed!
We appreciate all the support from the community for making this happen. https://t.co/vRm9antRzB
— Decentral Games (@DecentralGames) June 17, 2022
The proposal was approved with a tight margin: 56% of MANA holders voted for it, while 44% of them said “no” to the idea. In total, about 200 enthusiasts took part in the referendum.
Following the passage of the proposal, a total of $1 million in MANA equivalents will be distributed among USDC-ICE liquidity providers on the QuickSwap DeFi protocol.
The incentive will last for three consecutive months to induce the activity of LPs in the mentioned pool.
Decentral Games CMO Matthew Howells-Barbie highlighted the critical importance of this initiative to the advancement of its product ecosystem:
The passage of this resolution shows that we have received support from the Decentraland community and how important Decentral Games is as a major contributor to daily active users. These incentives will enable us to create further stability in our ecosystem prior to the launch of our new sit-and-go poker tournament mode, which we believe will bring a whole new experience to our Decentraland venues and allow us to onboard thousands of new users. will help to Neonatal Metaverse.
Sit-and-go tournament mode release is in the cards
Miles Anthony, CEO of Decentral Games, highlighted that their protocol is one of the backbone elements of the Decentraland metaverse design and economics:
We have a strong belief about Decentraland and its role in delivering an interactive 3D frontend for the open metaverse since its inception in 2017. Since then, we have bought 1000+ parcels of LAND and invested millions of dollars to create engaging content to attract. Retain more than 60% of the platform’s users. With the support of the Decentraland team and community, we look forward to adding the next million users to Decentraland and the nascent 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 highlighted that this initiative is not a grant to the Decentral Games team. Instead, it is designed to encourage the activity of the LP community.