|DAO||Decentral Games||Decentraland||Decentralized Autonomous Organization||DG token||gambling||virtual worlds|
Decentral Games has announced that its decentralized autonomous organization (DAO) will focus on governing 400 land parcels in the virtual world of Decentraland. These lands have a total value of more than half a million dollars. Token-holders can for example vote to build more casinos, art galleries or games.
In December Decentral Games launched its DG governance token. Players earn DG by playing gambling games in the online casinos inside Decentraland. In little more than a month more than 800 players have played casino games with more than 8 million dollars in bets.
Players who now hold DG tokens, which currently has a value of $50.14 per token, gain voting power for the future of Decentral Games. They get to create community proposals to build casinos or organize events. Aside from the 400 lands, the developers have also moved 3000 DG to the DAO. This way they can provide development grants and marketing.
This is a significant move for all Decentral Games’ stakeholders and communities, especially for the $DG hodlers knowing that vigorous expansion and growth are on the horizon.Miles Anthony, project lead of Decentral Games
With DG even losers win something
Gambling always knows winners and losers, but because also losers earn fractions of the DG token… it’s a bit different this time. The casino games by Decentral Games all work inside the virtual world of Decentraland. However, the developers have created these games completely on smart contracts, making them provably fair. Players can use MANA or DAI to play and gamble. With the introduction of the DG token, the developers distribute 62 percent of the supply to the community. Gamers can earn the token through gameplay or providing liquidity for trading.
An interesting mechanic is that all Decentral Games branded wearables inside Decentraland will provide a 10 percent boost on a player’s mining rate. So playing roulette wearing a shirt and matching pants will give players 20 percent more DG.
What is Decentraland?
Decentraland is a virtual world build on the Ethereum blockchain. Consumers can buy land within this world, and build anything. Currently ownership over virtual land is highly speculative, and the value of these lands increased significantly over the past year. Decentraland launched in February, and players can now visit by using a web browser on a desktop or laptop.
Within Decentraland people can build all kinds of businesses, including for example shops for in-game items, art galleries and games. Currently Matic Network is funding the development of additional games. Decentral Games and Metazone are some of the companies that create games within Decentraland. For example, Metazone is selling complete game installations. Landowners can earn money from those creations, while game creators earn a share of the revenue.
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Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a content manager and creator at heart, working on Play to Earn and for a variety of third party magazines and websites.