Decentral Games, the Play-and-Own Metaverse studio that is responsible for ICE Poker, which is Decentraland’s most popular gaming arena, has launched a plan that will result in a reduction of ICE token emissions of 55%. The drop is accomplished by modifying the kinds of incentives that assigned players can earn when they rent the wearable NFTs that are necessary to participate in the game.
They will now receive “banked ICE” instead of direct ICE rewards from this point forward. This “Banked ICE” can be utilized to buy wearables and shine for the ICE Poker Sit-n-Go, which will enable them to participate in the game’s competitions. The modification will not have any effect on players who already own their wearables; nonetheless, Banked ICE will continue to provide a route leading directly to the ownership of NFTs.
This is a part of a larger transition from a Play-to-Earn paradigm to a Play-and-Own strategy, which provides participants with a path to personally owning assets. This will invariably result in a change in the composition of the player base; however, the objective is to make it more player-owner-centered, thereby attracting dedicated, long-term players who can improve their craft while participating in ICE Poker.
Aligning Long-Term Incentives For Players
In most cases, delegated players remove value from the ecosystem by promptly selling the ICE that they have acquired, despite the fact that these players make up 90% of the active player community. The modification to Banked ICE would assist in aligning long-term incentives for players, converting delegation into a road to ownership rather than merely a method of earning money in the short term.
Holders of Banked ICE will still be able to exchange their tokens for ICE, but doing so will cost them a 70% fee and necessitate a minimum deposit of 6,666 Banked ICE. This will have a beneficial influence on the dynamics of ICE, resulting in only efficient token sinks being able to generate value for holders. The ICE Poker ecosystem is able to maintain a balanced player economy thanks to the wearables and shine mechanism.
This ensures that burns continue to be higher than new emissions at all times. Existing play-to-earn (P2E) models are flawed. Although it can be amazing for bootstrapping player liquidity to offer endless prizes to people who have made no investment in the game, this strategy cannot be maintained in the long run. This has been observed by Decentral Games with virtually every significant GameFi project that has maintained this methodology.
Decentral Games adopts a novel strategy and focuses on the long term. It is centered on providing the players with the ability to own in-game assets as a result of their gameplay while simultaneously managing the token emissions that are created by the platform to ensure that the player base may grow without any problems. Decentral Games is confident that this will be the factor that differentiates it from its competitors over the next 12 to 18 months.
Decentral Games Is Making Strategic Partnerships
Decentral Games is the most successful gaming firm in the Metaverse. They develop games and social experiences within the Metaverse, which attract tens of thousands to hundreds of thousands of users on a monthly basis. ICE Poker, the company’s flagship offering, is responsible for more than 60% of all daily active users in Decentraland. In the market, Decentral Games has established strategic relationships, which are contributing to the growth of value for the DG token, the native cryptocurrency.
Although the coin is one of the newest ones available on the market, respectable players in the cryptocurrency industry have shown a lot of interest in it. In addition, Decentraland is one of the respectable companies that have invested in Decentral Games. Decentraland is among the most established blockchain networks that provide Metaverse-related services. In addition to being one of the earliest networks to enter the virtual world, its commitment to Decentral Games is enormous.
ICE Poker is one of the breakthroughs of decentralized gaming, as it allows players to pay using DG tokens or Ethereum (ETH) and earn NFTs. The NFT is a piece of clothing that a player must wear to enter a casino. The player can participate in a poker game to win ICE tokens and the possibility to mint rare NFTs that allow for greater payouts. Meanwhile, Polygon is the second major investor in Decentral Games.
It is true that Decentral Games was constructed on top of the Ethereum network; but, it has also been constructed on the Polygon layer 2 network, and it is currently one of the most significant projects being developed on Polygon. As a result of these collaborations, Decentral Games is demonstrating that it is one of the most developed networks that are capable of providing Metaverse gaming experiences.