Press Release
Press Release Monopoly Millionaire Game, a marine-themed GameFi that includes island building, growing, shooting and more, has announced that it has completed seed funding of US$1 million. The funding valued MMG at US$10 million.
Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs.
The MMG team said it will use the funding to realize its vision for MMG GameFi and to increase the number of users participating in the Web3 game. in MMG, players will purchase a canon NFT to participate. the NFT Entry allows players to earn daily check-in and P2E rewards. Daily check-in rewards ensure that players get their principal back. Additionally, players can earn additional rewards through P2E within the NFT lifecycle.
“In the MMG GameFi economic model, each NFT has a life cycle, meaning that each can only be used for P2E for a limited time. Players must upgrade their NFTs or sell them in the marketplace when their life cycle ends. This allows us to better control inflation and have a healthier ecosystem,” said Angle, CEO of Monopoly Millionaire Game, in a previous press release on Cointelegraph.” Now the official version of MMG GameFi has been launched. We look forward to welcoming all users around the world to the Monopoly Millionaire Gameofficial website Visit the official site to download and experience the game.”
Monopoly Millionaire Game is developed by group members with extensive game development experience at world-renowned Internet companies. Although the product is still in its early stages, investors believe it has great growth potential to connect game players around the world.
In a press release, Karter, a partner at Mirana Ventures, said, “With hundreds of experienced game developers and tens of thousands of users worldwide, Monopoly Millionaire Game has great potential “
About Monopoly Millionaire Game
Monopoly Millionaire Game is a sea-themed game with activities such as island building, cultivation, and shooting.59} Built on NFT P2E game built on BNB Chain. It uses a dual-token economic model: the MMG is the in-game token and the MMC is the governor’s token.
Players hunt marine life using cannon NFTs and each cannon launch consumes gold coins that have a limited daily quota. By hunting, players are rewarded with MMG tokens. Cannon NFTs vary according to star level from 1 to 8. The higher the level, the more P2E benefits a player will receive. In addition, daily sign-in rewards allow players to fully cover the cost of the NFT, not to mention the additional P2E rewards.
Each cannon NFT has a “life cycle”. When it expires, the player must either upgrade it or sell it on the market. This solves a deep-seated problem in many GameFi games: inflation, and the MMG team strives to create a long-term, sustainable ecosystem that allows players to enjoy the game, be entertained, and profit in the process.
Official Site. https://www.mmggamefi.com/
Twitter https://twitter.com/MMG_GameFi
Telegram. https://t.me/monopolymillionairemm
Image credits: Shutterstock, Pixabay, Wiki Commons
