MGB Revolutionizes Traditional Gaming, Paving the Way to Be the Foremost in GameFi

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MGB Revolutionizes Traditional Gaming, Paving the Way to Be the Foremost in GameFi

May 24
16:52 2023

Since time immemorial, games have been an integral part of everyday life. With the evolution of computer technology, games have transitioned from offline to online platforms. In recent years, the global gaming entertainment market has progressively expanded. In 2022, the global gaming market entertained 3.2 billion players, generating revenue of 196.8 billion USD, a year-on-year growth of 2.1%. By 2025, the number of players is projected to escalate to 3.5 billion, potentially yielding a staggering 225.7 billion USD. The compound annual growth rate from 2020 to 2025 is projected to be 4.7%. The global gaming market, enormous in scale, teems with infinite potential.

Nevertheless, the issues plaguing traditional games are far from negligible. In traditional gaming, all game data are stored on centralized servers, resulting in data monopolization due to the concentration and lack of transparency. Consequently, the players’ right to know about the game data is disproportioned. Moreover, the security of players’ virtual assets in traditional games is often precarious. On one hand, virtual wealth may evaporate at any given moment. Game operators, driven by strategic planning and corporate development, typically shut down underperforming games. With the termination of a game, players not only lose the enjoyment it brings but also risk having their time, effort, and money invested in acquiring virtual assets go down the drain. The insecurity of the gaming account system, coupled with frequent hacking incidents, makes it difficult for users to recover stolen virtual assets. On the other hand, it’s challenging to monetize virtual asset transactions in traditional games. These obstacles are inhibiting the further expansion of the gaming entertainment industry.

In recent years, the meteoric rise of blockchain and cryptocurrency has offered an opportunity for a paradigm shift in traditional gaming. The decentralization, anonymity, immutability, smart contracts, and token mechanisms inherent in blockchain technology naturally coincide with gaming, aptly addressing the industry’s issues of data opacity, difficulty in sharing, and the lack of security and tradeability of virtual assets. Undoubtedly, blockchain represents a novel revolution with a broad application prospect. Given the massive market size of gaming, the integration with blockchain technology is destined to usher in a brighter future for the industry.

Against this backdrop, blockchain games have drawn significant attention. Particularly with the advancement of 3D digital content creation technologies such as Unity and Unreal, along with the maturity of related VR and AR software and hardware technologies, the blockchain gaming industry is expected to gain even more momentum. Numerous gaming practitioners have begun exploring the combination of blockchain and gaming. However, while many have harnessed the features of blockchain to design games, often, blockchain games with good playability lack a profitable effect, and those with financial attributes are deficient in playability.

In light of this, to align with the evolving era and to establish the leading brand in blockchain gaming, MGB, a decentralized gaming platform constructed on BSC, was developed by Minigame, a gaming company under the Rothschild family.

MGB, crafted by a dedicated research and development team in Silicon Valley and guided by blockchain technology, aims to resolve the trust and security issues in game asset management using blockchain technology. By facilitating peer-to-peer information transmission, it creates a cooperatively built and shared distributed database. By integrating gaming and NFTs, it builds a secure, enjoyable, and accessible blockchain gaming (Gamefi) ecosystem. MGB is committed to creating a truly blockchain-powered gaming platform that possesses entertainment attributes, gaming value, and financial value. For the first time in gaming history, it hands over the power to the players, allowing the community to decide on game settings through voting, letting players control the discourse, and leading the charge into a new gaming era.

MGB serves as the platform token for the MGB gaming platform, designed to provide a convenient and secure payment and settlement method within the MGB gaming ecosystem. It is used for purchasing digital goods or in-game items, thereby allowing players to truly possess ownership of their gaming assets instead of the gaming company. A total of 1 billion MGB tokens have been issued, with a final burn down to 100 million, of which 89% is produced by the game and owned by players. Each game within the MGB gaming platform requires MGB tokens for participation.

MGB has introduced a variety of game genres, including MOBA, simulation, RPG, tower defense, strategy, and more. It is also co-developing games with multiple game manufacturers. The current games include Morgan Mansion, Racing, Silkworm Tanks, Happy Farm, and Fairy Tale, with the first game, Morgan Mansion, already launched.

Morgan Mansion is a business simulation game with the core mechanism being the players’ ownership of in-game assets and the Play-to-Earn (P2E) mechanism: in the game, players can earn while playing through various methods. Morgan Mansion features a variety of gameplay, including building towers, farming, ranching estates, parking lots, etc., with the tower building gameplay being the first to be introduced.

Morgan Mansion consists of 99 floors, and each player can manage their own building with daily replenishment of supplies to earn their own profits. The game initially opens up 10 floors. The first one million players who participate early can receive a free airdrop of 1000 coins to directly participate in the game and earn profits. All floors and daily outputs are proportional to the MGB funds. For every additional 1% of the total MGB supply, another floor can be opened!

Morgan Mansion offers a myriad of gameplay options and infinite earnings. In addition to building towers, Morgan Mansion incorporates a blind box mechanic, where users need to use MGB to purchase blind boxes. These blind boxes will reveal supply packs, MGB tower building discount coupons, MGB tokens, or NFT fragments. Players who collect all NFT fragments can compose a limited edition Morgan Mansion NFT. Holding an NFT is not only a symbol of status but also grants access to global dividend rewards.

MGB has secured funding from Binance Lab. Currently active investors in the blockchain gaming sector, including Animoca Brands, YGG, Enjin, and individual investors like the co-founders of The Sandbox and Axie, have explicitly stated their intentions to invest in MGB. Zynga, a veteran social gaming company, is also willing to support MGB, providing not only funds but also game resources.

With the addition of top-tier teams, the blessing of advanced technology, and the support of luxurious investors, coupled with decentralized gaming that marries playability and earning potential, MGB will undeniably attract global players. It aims to provide an unprecedented gaming experience of earning while playing. Under the consensus of global players, MGB is poised to pioneer a new trend in blockchain gaming and realize the soaring value of MGB.

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