Fun

Monopoly Millionaire Game Raised $1 Million in Seed Funding

News Feed - 2022-07-15 08:07:51

Monopoly Millionaire Game Raised $1 Million in Seed Funding press release


PRESS RELEASE.Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar.


Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs.


MMG Team said it will use the fund to help realize the MMG GameFi vision and attract more users to participate in the Web3 games. In MMG, players shall buy Cannon NFTs to get the entry. With the NFT entry, players can earn daily check-in rewards and P2E rewards. Daily check-in rewards guarantee players to earn their principal back. Besides, players can earn additional rewards by P2E within the NFT life cycle.


“In MMG GameFi economic model, each NFT has a life cycle, that means, each can only be used for P2E for a limited period of time. Players have to upgrade the NFT or sell it in the marketplace when its life cycle expires. This enables us to better control inflation and have a healthier ecosystem,” Monopoly Millionaire Game CEO Angle told on an earlier Press Releaseat Cointelegraph. “Now MMG GameFi official version is launched. We welcome all users across the world to visit Monopoly Millionaire Game official websiteto download and experience the game.”


Monopoly Millionaire Game is developed by group members who have rich game-developing experience in world-famous Internet companies. Even though the product is still in its early stages, investors believe it has significant growth potential to connect game players all over the world.


“With several hundreds of experienced game developers, and tens of thousands of users in the world, the potential for Monopoly Millionaire Game is significant,” Karter, a partner at Mirana Ventures, said in the press release.


About Monopoly Millionaire Game


Monopoly Millionaire Game is a marine-themed game that features activities such as island construction, cultivating, shooting, among others. It is an NFT P2E game built on the BNB Chain. It adopts a dual-token economic model. MMG is the in-game token and MMC is the governance token.


Players use Cannon NFT to hunt marine creatures and each cannon fire will consume Gold Coins which have a limited daily quota. By hunting, players earn MMG token rewards. The Cannon NFT varies from 1 to 8 star levels. The higher the level, the more P2E profit the players will earn. Moreover, by receiving daily sign-in rewards, a player can completely cover their NFT costs, not to mention the additional P2E rewards available.


Each Cannon NFT has a “life cycle”. When it expires, the player has to upgrade it or sell it on the market. This solves a deep-seated problem in many GameFi games: inflation. The MMG team strives to build a long-term and sustainable ecosystem, where players can enjoy the game, be entertained, and earn a profit in the meantime.


Learn more about the Monopoly Millionaire Game by visiting mmggamfi.com. Stay tuned with any update by following MMG Twitteror join their telegram group. Tags in this story Monopoly Millionaire


Official website: https://www.mmggamefi.com/Twitter: https://twitter.com/MMG_GameFiTelegram: https://t.me/monopolymillionairemm Bitcoin.com Media


Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called "Short Squeeze" Falters MARKETS AND PRICES | 2 hours ago NYDIG to Provide the New York Yankees With Bitcoin Payroll Services NEWS | 3 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCelsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners The organization representing Russia’s crypto sector has asked the government in Mosco
Tom Mitchelhill17 hours agoElon’s ‘not afraid of blowing things up’ — ex-Twitter exec on working under MuskEsther Crawford claimed Elon Musk’s inability to handle criticism created a “zealous and fanatical
Binance to appeal $4.4M fine from Canadian regulator
Turner Wright2 hours agoBinance to appeal $4.4M fine from Canadian regulatorThe cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators.385
Helen Partz10 hours agoBitfarms increases mining pace, generates 411 BTC in SeptemberBitfarms, one of the largest Bitcoin miners in the world, believes that many of its best growth opportunities will arise from the upcom
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mi
Helen Partz10 hours agoBinance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cardsDespite the U.S. DOJ investigating Binance for violation of U.S. sanctions with its services in Russia, the fi
After Barclays and Santander, UK Bank Natwest Blocks Payments to Binance
After Barclays and Santander, UK Bank Natwest Blocks Payments to Binance A major high street bank in the U.K., Natwest, has blocked payments to crypto exchange B
Galaxy Digital to Launch 2 New Bitcoin Funds in November
Galaxy Digital Asset Management, a division of the merchant bank Galaxy Digital, is launching two bitcoin funds in November, according to a source with direct knowledge of the matter.
Tom Mitchelhill3 hours agoCoinbase hoses down rumors of weekly withdrawal limits on BitcoinCoinbase has denounced rumors of it imposing Bitcoin withdrawal limits circulating on social media as inaccurate.4612 Total views
Sens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash charges
Derek Andersen4 hours agoSens. Lummis, Wyden oppose Justice Dept. stance on Tornado Cash chargesIf the Justice Dept. prevails in the case against the cryptocurrency mixer, internet service providers and the post office m
Nexo puts recent woes behind it with Middle East license approval
Hermi De Ramos2 hours agoNexo puts recent woes behind it with Middle East license approvalThe company must now navigate through the subsequent phases — obtaining a preparatory license followed by the final operating li
Shiraz Jagati10 hours agoToken adoption grows as real-world assets move on-chainFrom real estate and digital art to government bonds, tokenizing real-world assets is no longer a thing of the future.1171 Total views19 Tot