At Last…MGH Is Entering Decentraland to Simplify LAND Investing for Everyone!
Written by Robin Prock
Remember the movie “Groundhog Day?”
There, Billy Murray wakes up every day to Sonny & Cher’s famous song “I Got You Babe” and has to spend the same day — again and again.
Whether he’s going to the doctor, escaping the town, or throwing himself off a bridge. Every morning, “I Got You Babe,” wakes him up in the same bed until he finally becomes a good person and escapes the time loop.
And hidden within that is some nifty business advice:
Repeat what works until you successfully and contentedly break out of the time loop….
…and that’s exactly what MGH (MetaGameHub) is doing now:
Already for the Sandbox we have built (and are continually improving) a valuation algorithm, bought LAND together with the MGH community, and plan to build games, malls, hubs and more on it — and now we are expanding on to Decentraland, the largest virtual world on the blockchain!
Building a valuation algorithm for Decentraland, buying LAND, and building on it — that’s our “I Got You Babe” for the next weeks and months… and that’s what this article is about. But before that (as a little recap), what is Decentraland?
What Is Decentraland? — Enter the Largest Virtual World on the Blockchain!
In the game Second Life, you enter your own metaverse: you create your personality (human, dragon, vampire…), interact with others; you can buy land, build on it, gamble…
…it’s an “online state” with its own currency and economy.
Decentraland is similar — just pumped up with “crypto steroids.”
Because in Second Life you are fully dependent on Second Life. If the game closes nothing remains of your land, assets, and money than an inaccessible website.
What makes Decentraland better?
All assets you buy or receive belong to you as NFTs! They are stored in your wallet and no one can take them from you because only you (hopefully) have the private key to your wallet.
So you own digital property that you can collect, trade, and sell. As if your shirt, your backpack, and your pants were on the internet.
A special asset in Decentraland is LAND — a plot of land on the blockchain. Like the land you are currently on, LAND is unique and limited.
You can’t copy and paste it.
But you can build houses on it, games in the Wild West, a cruise, a concert hall — the possibilities are endless, just like in Harry Potter’s Room of Requirement.
But that’s not all:
You can buy LAND and hope it goes up in value, or charge admission; rent it out; or collect revenue when businesses advertise on your LAND. The opportunities are huge, but this is fueling the hype and prices for LAND — and that makes it dangerous for investors.
That’s why one important question pops up: how do you evaluate this LAND so that you don’t overpay for it? In the real world, you have an appraiser, formulas, and data to collect. But on the blockchain?
All you’ve been able to do is invest and hope…so far:
MGH’s Decentraland Valuation Algorithm: Simplify LAND Investing!
Before you read any further, a little assignment:
Open our app (https://app.metagamehub.io/valuation) in a new tab and try out our Sandbox LAND valuation algorithm.
Take a piece of LAND from OpenSea or (as an example) one LAND from us with the Token-ID 83882
Enter the token ID — et voilà: Our machine learning pricing algorithm gives you a fair value.
Now you know how much the LAND is worth and you can invest smarter and safer. But how does the algorithm work?
Through a neural network:
Think of it as a digital human brain that recognizes patterns and is constantly learning. For example, Google’s search algorithm is a neural network — if you searched “Colombus” five times and then clicked on “Colombus, Arkansas”, Google will no longer show you “Colombus, Ohio”.
Our algorithm takes the historical data of your LAND and your neighbors; and predicts a fair price. That way you know if you paid too much for your LAND or got it cheap — as a LAND Black Friday bargain.
Likewise, MGH will develop a unique algorithm for Decentraland. So that you can buy LAND there safely and never pay too much.
But what do we do with the algorithm’s data? We will…
- Sell it to the Ocean Marketplace, where developers can use it to create new apps or games (for example, an “Aave” with LAND as collateral…)
- …and of course, we will use our algorithm to buy LAND ourselves:
Join the MGH Community and Become a LAND Curator!
We don’t preach water and then drink wine — we use what we build ourselves!
We already found undervalued LAND with our Sandbox algorithm; bought it and stuck our flag on it like explorers of the new world.
We’ll do the same with Decentraland. However, we need you for that!
Because you decide which LAND we finally buy. How is that meant?
Once the algorithm has screened out undervalued LAND, we will select several candidates and package them into a proposal. For example, you could choose from five pieces that MGH should buy and build on for the community (more on that in a moment).
These proposals are running on Snapshot. Anyone who holds MGH tokens can vote there — with just one you’re already in.
Don’t miss one of these important votings and follow us on Twitter where we will announce every one of them!
This is your chance to help shape the Metaverse, to have your voice heard. You help decide what LAND we buy, where exciting games and imposing buildings will grow like the beanstalk in the fairy tale.
If you still need MGH tokens for this, get them here on our App via Uniswap (https://app.metagamehub.io/swap).
And I just mentioned it:
Games… Imposing buildings…?
Of course, our LAND should not become desolate like Chernobyl only attracting disaster tourists.
“This is going to be fun:”
What MGH will do with its LANDs
Who was always immediately selected for a sports team at school — be it football, handball, or hockey?
Of course, the athletic ones who had shoulders like gorillas, dribbled like Ronaldo, or threw balls like Thor threw his hammer…
…everyone was scrambling to get them on their team.
It’s the same with LAND:
EVERYONE wants to escape their daily routine with fun games, meet new and interesting people in a hub, or explore a fascinating world — a world where reality can’t keep up anymore.
What no one wants, on the other hand, is to explore a LAND that looks like a real-life animation of the Gobi desert.
Boring, boring, boring.
That’s why MGH will transform its future LAND into a theme park of the metaverse — with impressive buildings, packed community hubs, and, of course, games…
…because games are what funnel new people into crypto and the metaverse.
Therefore MGH is proud and grateful that game developers from the University of Aachen will develop these games.
At this university, there are special courses for Game Development, where dedicated talents design the games of the future — and so also for MGH’s LAND in Decentraland.
In our ears “I Got You Babe” is playing because day after day we will repeat in Decentraland what we have achieved and will achieve with the Sandbox… At the end of this gratifying work, you finally know if you paid too much or too little for your LAND and you can dive into rousing games from MGH.
Stay tuned for coming announcements!
Your team from MGH.
How Can You Stay up to Date and Keep in Touch with MGH?
- If you want more information about MGH, visit our Website.
- For a sharpshooter-like view over the whole project, read our Whitepaper.
- Follow us on Twitter.
- Follow us on Instagram.
- Check out MGH on LinkedIn.
- Discuss, write, and celebrate with us on Telegram.
- Talk, laugh, and enjoy the time on Discord.
MGH is an Ethereum-based protocol allowing its users a.) to mint NPTs to gain exposure to the whole NFT space, b.) stake their NFTs to make a passive income, and c.) get a fair price for their NFT via the MGH price oracle.
With these three use cases, MGH makes the whole NFT space more transparent (fairer prices), accessible for investors with smaller pockets (via NPTs), and combines DeFi and NFTs via staking NFTs to make a passive income.
In short: MetaGameHub DAO is the convergence of DeFi, NFTs, the metaverse, oracles, and AI-supported valuation tools.