DIG Invests Heavily in the Metaverse
January 26 2022 - 3:16AM
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Decentralised Investment Group (DIG) is a Dubai-based company that
believes in the power of the blockchain to transform lives. In line
with this goal, the company is committed to making impactful
investments in the blockchain space, including the GameFi sector.
They aim to embrace decentralisation in all possible ways, making
it ubiquitous whilst integrating it into every single aspect of the
world. Ultimately, this will change the fabric of society. GameFi
Investments Just a few years ago, the metaverse was a concept that
only existed in science fiction books. However, modern technology,
and especially the internet, has made the metaverse possible.
Today, there are numerous metaverses where users can visit and
interact with others using avatars. There is clear transformative
power of the metaverse. The team behind DIG believes in the impact
that blockchain will have in this sector. One way this will happen
is via GameFi, which is the use of the blockchain in the gaming
world. DIG has created, and owns, a number of DeFi and GameFi
products, with their GameFi arm being named after one of them, Blue
Monster Games. Using the blockchain in the gaming world comes with
numerous advantages. For one, the play-to-earn (P2E) model allows
players to earn money while playing fun and interactive games.
Additionally, players can secure real-world ownership of in-game
assets. It represents a huge evolution from the current model where
in-game tokens have no real-world value. Besides that, centralised
control usually means that in-game items can be abolished by the
game’s developer at will. Titles Supported by DIG Decentralised
Investment Group is already working on numerous titles for the
GameFi sector, investing $5 million into them to help do so. They
include: Kart Racing League One of the titles that have already
launched is Kart Racing League, which is the world’s first NFT kart
racing game. The game is now accessible on iOS and Android devices
via the Apple Store and Google Play Store respectively Kart Racing
Game is a live NFT play-to-earn game that features 10,000 KRL token
holders. The game has nearly 30,000 daily active users. DIG has the
goal of growing these numbers 10X and achieving $10,000,000 in NFT
marketplace transactions by the end of Q1 2022. Realms of Reality
Another title under DIG is Realms of Reality is a blockchain MMORPG
(multiplayer online role-playing game). DIG invested $5 million in
the game. They also helped the company raise $5.24 million during
the pre-sale. They intend to conduct a public sale in Q12022,
during which they plan to raise a further $20 million from
investors. Development of the game is expected to be complete by Q1
2023. It will be built as an AAA MMORPG game (“Triple A” generally
refers to a game that has a high development and marketing budget),
on par with titles such as World of Warcraft and Skyrim. Legends of
Aria DIG is in the final phase of acquiring the games studio behind
Legends of Aria, a popular MMORPG game. Once the acquisition is
complete, they intend to convert the game into an NFT P2E title.
Other Developments DIG is also working on an NFT collection with an
upcoming game called “Original Myths.” They are also working on
creating a Mortal Kombat-style fighting game for the GameFi world
called Bladed Vanguard. Upcoming Massive Gaming Guild Besides
releasing and acquiring titles, Blue Monster Games launched the
world’s biggest gaming guild. The undertaking is spearheaded by
Haydn Snape, Founder and CEO of Decentralised Investment Group. The
gaming guild will be set up in the Philippines, which is the
largest market for P2E games in the world. Gaming guilds are
businesses where you can buy large amounts of NFTs and lend them to
others, often called “scholars.” The earnings from the scholars
playing P2E games are split between the guild and the scholars.
Commenting on the upcoming guild, Snape said, “I’m extremely proud
of the strides we’ve made in the past couple months and I am
excited to see Blue Monster Games establish local operations for
the guild in Manila.”
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