From earning the title of “World’s First Metaverse Employer,” to launching ICE Poker, the first skill-based Play-to-Earn game, it’s been an incredible year for Decentral Games and our community! Along the way, we delivered on our initial vision of non-custodial crypto-gameplay on Polygon in Decentraland, brought over 100 musicians and artists into the metaverse, and pivoted to launch a play-to-earn ecosystem in just 3 months from whitepaper to launch. Next year will be even better, and this is just the beginning.
The Exponential Growth of $DG
It’s hard to believe it was just last December that we launched the $DG token, the governance token of the DG DAO Treasury, which has allowed us to fully realize our vision of a community-owned gaming platform. Today, the DG DAO Treasury holds ~$60M in assets, with strong and sustainable cash flows, and $DG boasts over 100K unique token holders. The token itself is up ~40x since launching at $15, and, after the 1:1000 token split and DG Governance V2, new $DG will be even better-positioned for wider adoption. (Coming soon!)
Significant Investment
Decentral Games has received investment of some of the most prolific institutions in crypto including Binance Smart Chain, Polygon, Tron, Decentraland and more in addition to completing a ~$5M capital raise which included Collab+Currency, Metaverse Ventures (Digital Currency Group), Genesis Block Ventures, Arca Funds, Hashkey Capital, Bitscale Capital, Cluster Capital, ID Theory, and AU21 Capital. The funding has allowed us to pursue an aggressive plan to expand the team, accelerate product development, and spend on marketing efforts to boost user acquisition. In fact, our team has expanded from less than 10 to over 60 over the last year, including 20 metaverse employees who have played a critical role in onboarding new players to and providing support throughout their journeys.
Forward-Thinking Partnerships
This year, we partnered with iconic gaming company Atari, Bored Ape Yacht Club (BAYC), DEXTools, Vegas City, and The Aquarium by providing our B2B NPM package solution for our partners, which allows them to host our games and has created yet another revenue stream for the DG DAO Treasury. We partnered with Theta Network to scale the visibility of our platform and offer livestream viewing capabilities for major DG events. We built a virtual nightlife venue and club in partnership with Amnesia Ibiza, a leading brand in the electronic music and nightlife space. Together we kicked off a memorable grand opening that was played by Grammy winning artist Benny Benassi, and trance music icon Paul van Dyk. We will continue to work with major artists and brands who are interested in having their presence in the metaverse; growing communities, organizing metaverse events, launching NFT collectibles and digital merchandise, and much more.
Pivoting to Play-to-Earn
While other projects have play-to-earn on their 2022/2023 roadmap, DG is live. Since launching ICE Poker in October, we have increased our total daily active player counts by 10x and DG treasury by 4x. ICE Poker is already helping players earn steady rewards through gaming alone, and NFT owners are making the most of DG’s marketplace and delegation features by lending out their collectibles to other gamers to generate passive rewards. The valuation of the metaverse sector was estimated to be around $47B in 2020, and it is growing rapidly with the expectation it will maintain a 43.3% CAGR through 2028. We believe gaming as a use case will continue to play a big role in achieving that growth as the world continues to realize the potential of web 3.0.
Looking Forward to 2022
We will continue to expand our product offerings with multi-chain gaming, new NFT utility, and more advanced play-to-earn games. Bringing a mobile app to market will additionally allow us to reach a share of the estimated 6B smartphone users worldwide. Furthermore, we will expand on the social element of the Decentral Games experience and expect to bring our community together in groundbreaking fashion with the advent of a VR client. This will pave the way for true immersion within our metaverse spaces bringing our community closer to the action at hand.
To our loyal community members, token holders, and partners, we thank you for your vote of confidence in our vision to define the future of decentralized metaverse, NFTs, and play-to-earn gaming, and we greatly look forward to what lies ahead. We hope you’ll come join us in the metaverse! We’ll be here, playing.
