A new online casino is currently making waves in the Decentraland metaverse. Operated by Decentral Games, ICE Poker offers free-to-play poker games and adopts a play-to-earn model where poker players get real cash value by actively playing on the platform.
ICE Poker is the latest project of Decentral Games, a virtual casino ecosystem governed by a decentralized autonomous organization (DAO) where players have direct control over in-game assets and the games’ rules and policies. In short, the games are running without centralized leadership, with the players also acting as the owners.
How to Access ICE Poker
To gain access to ICE Poker, you must own at least one ICE wearable NFT which you can obtain via direct purchase or through delegation.
You can buy an ICE wearable at a minimum price of 2.4 ETH ($6,900). If this is simply too pricey for you, you can still enter ICE Poker without having to spend anything. What you need to do is find existing ICE wearable holders willing to delegate their NFT to another player. The owner will delegate his NFT to you and you will be able to play and earn under a 60/40 revenue-sharing mechanism (60% to the player; 40% to the NFT holder).
Wearables are available on marketplaces such as OpenSea. They come in the form of shoes, jackets, shades, suit bottoms, and suit & tie. Once you’re in, you will receive the chips required to play and have access to exclusive poker tournaments and take a shot at real money prizes, alongside other rewards and perks. Prizes are paid out in ICE, the platform’s in-game currency.
The games and tournaments on ICE Poker do not require any entry fee and your earned ICE can be used across other online casinos within the Decentral Games ecosystem.
How to Earn Real Money on ICE Poker
While the $6,900 cost may be a bit pricey, you’ll get the chance to grow your investment in many different ways, such as completing daily challenges, participating in daily leaderboard contests, delegating NFTs to other players for passive revenue, as well as earning a top spot on the monthly leaderboard where prizes are awarded in DG, the native token of Decentral Games.
ICE Poker also incentivizes players by allowing them to upgrade their wearables to receive a larger ICE bonus. There’s also a ranking system in place where players can boost their earnings. Additionally, wearable holders may establish an ICE generating guild where they can delegate their NFTs to individual players and increase their earning potential. Users may also mint new NFT wearables and trade them on the marketplace.
ICE Poker Attracting 6,000 Daily Players
ICE Poker was launched in October 2021 and has since grown to become one of the busiest gaming spots in Decentraland. It attracts around 6,000 players per day, which make up over 30% of Decentraland’s daily users.
ICE Poker is generating about $3.2 million in monthly revenue for Decentral Games via game profits as well as NFT sales and royalties. The funds are being funneled into a treasury owned by the players. ICE profits that go beyond the minimum allocation are burned to put deflationary pressure on the token and increase the users’ buying power.
The metaverse is considered by many as the future of the internet. It gained renewed interest when Mark Zuckerberg rebranded Facebook to Meta as part of his new vision for the company which is now focused on creating a space in the metaverse.
For Decentral Games, its main goal is to attract 7 billion digital souls into the metaverse and allow them to participate in a virtual economy, and with successful projects like ICE Poker, they seem to be heading in the right direction.
A number of online poker platforms have either joined or are considering occupying a space in the metaverse, including PokerFi and Poker Dogs Club.