Decentral Games (DG), a premier metaverse-native GameFi decentralized autonomous organization (DAO), has received substantial support and investment from Binance Smart Chain‘s $100 million Accelerator Fund. In light of the recently acquired support, Decentral Games will introduce innovations to enhance the fast-expanding blockchain metaverse, the Play-to-Earn Gaming vertical, and NFT marketplaces on Binance Smart Chain (BSC) network.
Decentral Games was founded in 2019 and has quickly risen to prominence as a leading metaverse initiative. Its dominance in the metaverse gaming sector aided in the increased popularity of the game-to-earn GameFi model. The concept incentivizes gamers to stay on the site indefinitely. This one-of-a-kind innovation has enabled Decentral Games to build a devoted following of players who are all engaged in the brand’s collective growth.
NFTs and the metaverse have seen a boom in activity this year, with total daily NFT sales tracked by Nonfungible.com peaking on August 28 at roughly $268 million. In a recent interview, crypto pioneer William Quigley predicted that the metaverse would lead to “huge” changes in business models and how people connect. According to a press release from Decentral, the project has a slew of other investors, including Digital Currency Group, Polygon, Decentraland, and Arca Funds. One of the most important aspects of the new agreement is that it will now have access to Binance Smart Chain’s millions of users and its hundreds of dApps.
Because the BSC ecosystem continues to grow at a critical rate, it avoids the dangers associated with scalability constraints, such as excessive transaction costs. BSC users presently pay 20 times less for gas than users of other top blockchain initiatives. Likewise, transaction volumes on Binance Smart Chain have surged sixfold when compared to Ethereum.
As more users join and begin to benefit from the platform’s financial incentive system, the expansion of Decentral Games’ user base effectively increases the project’s economy’s collective value.