Welcome to the 44th edition of the Decentral Games Newsletter! Our objective is to keep our community informed of development progress, treasury performance, and upcoming metaverse events. Join our Discord and follow us on Twitter.
✅ Summary
ICE Poker
ICE NFTs Live on Opensea
Token Migration
Events Recap
Development Focus
ICE Poker
3 weeks following launch of the Beta, ICE Poker daily active player count has maintained 100% day-over-day retention with solid growth approaching the current ICE Poker NFT supply cap of 1,000. We are excited to double the amount of ICE Poker daily active players following our 3rd NFT drop this week!
ICE Economics
Play-to-earn ecosystems aim to strike a balance between the burning and emission of the gameplay rewards token to achieve sustainability. While many popular play-to-earn games burn-to-earn ratios hover around 0.1 - 0.2 (the ecosystem burns 0.1 to 0.2 tokens for every 1 token rewarded), ICE’s burn-to-earn keeps climbing, now stabilizing in the 0.5 - 0.7 range, with the objective of reaching 1:1.
So far, 5,289,130 ICE (8.19% of the circulating supply) has been burned from ICE Poker NFT upgrades for rarer, flashier, and higher bonus wearables, as well as from ICE treasury profits from table games. We closely monitor and aim to increase this ratio over time to ensure the long-term economic sustainability of ICE.
Creating Economic Opportunity in the Metaverse
ICE Poker has created 1,000s of jobs and economic opportunities via gameplay and player delegation management for folks all around the world in the new open metaverse frontier. Crypto thought-leader Kris Kay breaks down the ICE Poker play-to-earn delegation model with a real-world example of how he has provided a player in Argentina the opportunity to earn 4x the country’s average salary by playing ICE Poker.
Check out his tweet and video:
3rd ICE Poker NFT Drop: ICE Linens & Bomber
Following the upgrade of our website, server, and meta-transaction architecture, we will conduct the 3rd ICE Poker NFT Drop on Tuesday, November 23rd at 7pm UTC, featuring ICE Linens and ICE Bomber wearable NFTs for 0.25 ETH each:
Check out this blog post for more details on the drop.
ICE Poker NFTs Live on OpenSea
ICE Poker NFTs are now tradable for Polygon ETH on OpenSea!
In the first 5 days of trading, ICE Poker NFTs have amounted 48 ETH in volume for an average price of 0.8957 ETH. This 4.9% share of ICE Poker NFT secondary sales on OpenSea has generated an additional 2.352 ETH ($10,337 USD) in royalties, establishing yet another steady stream of revenue for the DG treasury.
Check out the collection here.
Token Migration
We’ve finalized the testing and audit of the new DG contract, bridging UI, DG Governance V2 (xDG), and Polygon DG bridge – and we are excited to announce more details regarding the DG token migration this week!
Notable new features that will be rolled out following this announcement are:
New DG Token (split 1:1000 from current DG Token)
New DG Governance V2
Decentral Games Governance (xDG) Token that enables auto-accrual and compounding of rewards
Main staking on Ethereum, but xDG support and liquidity on Polygon, enabling folks to enter DG Governance positions from Polygon directly
DG treasury self-provision of DG liquidity on both Ethereum (DG-ETH) and Polygon (DG-MATIC)
Events Recap
On top of the daily ICE Poker gameplay and crypto competitions, the Decentral Games community hosted a Riding Big Waves in the Metaverse event featuring professional surfer Nate Florence showcasing his Biggest Tahiti Swell video edit in Tominoya:
Caution: Beware of Phishing
It has been brought to our attention that there have been various phishing attempts from DMs within the DG discord with scammers impersonating the DG team. If you have any doubt, please reach out to a verified DG team member. DG team members will never request for you to connect your wallet to a non-DG site.
💰 DG Treasury Snapshot
The DG treasury now holds $48.25M USD.
Visit the Treasury Dashboard to view it in real time.
🏛 Governance Proposals
Last week, 4 out of 5 Decentral Games governance proposals passed:
Passed:
DG-xDG Pool on QuickSwap, which would provide liquidity in DG and xDG on Quickswap to accommodate DG Governance staking on Polygon following the token migration and DG Governance v2 rollout
Matic-DG Pool on QuickSwap, which would allocate MATIC tokens from the Polygon Validator Node stake to the self-provision of liquidity of MATIC and DG in a pool on Quickswap (Polygon)
DG DAO Funding ICE Wearable Submissions, which would allow the treasury to pay the MANA minting fee for ICE Poker wearables submissions
DAO-Funded Uni-v2 ETH-$DG LP, which would allocate funds from the gameplay treasury towards the self-provision of liquidity of DG and ETH on Uniswap to reduce DG emission from LP rewards
Not Passed:
Use treasury USD 1.000.000 worth of Matic to buy DG, which would buy DG using MATIC tokens in the Polygon Validator Node
To make a proposal, visit the Decentral Games Snapshot dashboard.
📈 DG Yields
You can currently earn yield on your $DG in the following pools:
Decentral Games Governance: 13% APR (in $DG) for $DG on Ethereum
Sushiswap: 107% APR (in SUSHI) for DG-ETH on Ethereum
Dinoswap: 45% APR (in DINO) for DG-USDC on Polygon
SushiSwap: 16% APR (in SUSHI and WMATIC) for DG-WMATIC on Polygon
📆 This Week’s Events
Virtual events bring the community together each week to play games, hang out, enjoy live music and win prizes! Make sure to swing by and claim your Decentral Games POAPs at the following events this week:
Monday, Nov 22
DG Community Meetup w/ Comedy D Central - Merging Comedy Into The Metaverse, featuring $300 in $DG airdrops @ 8pm UTC / 3pm EST 👉 RSVP | Hop in
Crypto Casino Night with DJ performance, featuring $2,500 USD+ in prizes up for grabs @ 10pm UTC / 6pm 👉 RSVP | Hop in
Wednesday, Nov 24
Chateau Satoshi Crypto Casino Night competition, featuring $2,500 USD+ in prizes up for grabs @ 7:30pm UTC / 2:30pm EST 👉 RSVP | Hop in
Winklevoss Boss breaks the Metaverse NFT Pre-Drop Party w/ Lil Bitcoin, Crypto Casino Competition featuring $2,500 USD+ in prizes @ 10pm UTC / 5pm EST 👉 RSVP | Hop in
Thursday, Nov 25
Asia & Australia Crypto Competition, featuring $2,500 USD+ in prizes up for grabs @ 1pm UTC / 8am EST 👉 RSVP | Hop in
Kickoff for 7 Days of $DG 1 year Anniversary Celebration - Day 1 - Wearables Showcase, featuring huge $DG drops and special edition wearable giveaway - $DG Sweater v1 @ 10pm UTC / 5pm EST 👉 RSVP | Hop in
Friday, Nov 26
NFT Crypto Casino Night featuring $2,500+ in prizes up for grabs, with DJ performance @ 9pm UTC / 4pm EST 👉 RSVP | Hop in
7 Days of $DG 1 year Anniversary Celebration - Day 2 - Pop RoXxX & DG Immerse Celebration, featuring huge $DG drops and special edition wearable giveaway - $DG Sweater v2 @ 10pm UTC / 5pm EST 👉 RSVP | Hop in
Saturday, Nov 27
7 Days of $DG 1 year Anniversary Celebration - Day 3 - Anjulie at DG Celebration, w/ LIVE performance by Anjulie, featuring huge $DG drops and special edition wearable giveaway - $DG Sweater v3 @ 10pm UTC / 6pm EST 👉 RSVP | Hop in
Sunday, Nov 28
7 Days of $DG 1 year Anniversary Celebration - Day 4 - Autograf LIVE, featuring huge $DG drops and special edition wearable giveaway - $DG Sweater v1 @ 10pm UTC / 5pm EST 👉 RSVP | Hop in
👉 Check our events page for easy access to upcoming events!
💻 Development Focus
This week, the Decentral Games team is working on:
3rd ICE Poker NFT Mint
DG Token Migration
ICE Play-to-Earn Poker gameplay optimizations
ICE Poker delegator dashboard + daily/weekly/monthly leaderboard
FREE Play tournament optimizations
About Decentral Games
Decentral Games is a metaverse-native gaming DAO building play-to-earn poker, blackjack, roulette, and slots. DG Hodlers vote on treasury management, economic policy, and development to grow and strengthen the Decentral Games ecosystem.
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