Decentraland Invests in Decentral Games to Support Metaverse Poker

The money will help fund the rollout of ICE Poker, a new virtual game.

Sep 16, 2021 at 8:34 a.m. UTC
Updated Sep 16, 2021 at 2:08 p.m. UTC

Decentraland has made a strategic investment in decentralized autonomous organization (DAO) Decentral Games to support the project’s delivery of metaverse poker.

  • The blockchain-based virtual world’s foundation has made an unspecified purchase of Decentral Games’ native token, $DG, according to an announcement shared with CoinDesk Thursday.
  • The investment will support Decentral Games’ rollout of ICE Poker, a new metaverse-based poker game in which players earn money competing against each other and completing daily challenges.
  • Players pay either $DG or ether to receive poker chips and a “wearable” – a non-fungible token (NFT) representing digital attire such as a suit and tie or dress shoes, akin to a dress code to enter a casino. Players can then play poker to earn $ICE tokens and the XP cryptocurrency, allowing them to mint rarer NFTs that earn higher rewards.
  • The announcement came shortly after Decentral Games formed a similar strategic partnership with Polygon, in which the project behind an Ethereum-scaling product also invested an unspecified amount in Decentral Games to stake $DG tokens.
  • Among Decentral Games’ investors is Digital Currency Group, the parent company of CoinDesk.

DISCLOSURE

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Jamie Crawley is a CoinDesk news reporter based in London.