One of the first such virtual worlds, Second Life, hit 1 million monthly users in 2013, and it still has hundreds of thousands of users. Friends from around the world can gather for events and share a sense of community, even if they aren't physically together. Much like Second Life, Decentraland is an online world that gives users a place to create an avatar, interact with other users and participate in everything from concerts and art shows to building houses on their digital lots. Instead, it is designed to stimulate the activity of the LP community."I have to pinch myself at the moment because it's really come so fast," said Sam Hamilton, the head of community and events for the Decentraland Foundation, the nonprofit organization that oversees the digital world.
In the coming weeks, Decentral Games is set to launch its much-anticipated development, a sit-and-go tournament mode for its on-chain gaming products.ĭecentral Games representatives highlighted that this initiative is not a grant for the Decentral Games team. With the support of the Decentraland team and community, we look forward to onboarding the next million users into Decentraland and the nascent metaverse. Since then, we’ve purchased 1000+ parcels of LAND and invested millions of dollars to build engaging content to attract and retain over 60% of the platform’s users. We've had conviction around Decentraland and its role in delivering an interactive 3D frontend for the open metaverse from its inception in 2017.
Miles Anthony, CEO of Decentral Games, highlights that his protocol is one of the backbone elements of Decentraland Metaverse design and economics: Sit-and-go tournament mode release is in the cards These incentives will enable us to create further stability to our ecosystem ahead of rolling out our new sit-and-go poker tournament mode that we believe will bring a whole new experience to our Decentraland venues and will help us to onboard thousands of new users to the nascent metaverse. The passing of this proposal shows the support we have from the Decentraland community and how important Decentral Games has become as a major contributor to daily active users. Matthew Howells-Barby, CMO of Decentral Games, highlights the crucial importance of this initiative for the ecosystem progress of his product: The incentive will last for three months in a row to motivate LPs' activity in the mentioned pool. In total, almost 200 enthusiasts took part in the referendum.Īs the proposal passed, a total of $1 million in MANA equivalent will be distributed between USDC-ICE liquidity providers on QuickSwap DeFi protocol. The proposal was approved with a tight margin: 56% of MANA holders voted for it, while 44% of them said "no" to the idea. We appreciate all the support from the community in order to make this happen. The governance proposal to allocate $1M USD in MANA to incentivize the ICE-USDC Quickswap LP has passed!
#Decentraland active users update#
Decentral Games receives $1 million grant in MANAĪccording to the update shared on Decentraland's main community forum, the proposal to issue a $1 million grant to Decentral Games was approved on June 13, 2022. Decentral Games, one of the pivotal elements of the Decentraland (MANA) Metaverse ecosystem, receives the largest grant in the history of the platform to boost the liquidity stream of its main LP mechanism.
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