Nov 24, 2021
The MGH DAO is pleased to announce that it has partnered with Picipo to leverage its platform and further improve the current NFT infrastructure.
The MGH DAO is pleased to announce that it has partnered with Picipo to leverage its platform and further improve the current NFT infrastructure.
One of the main issues the NFT market currently faces is the lack of DeFi tools, making NFTs difficult to trade due to their illiquid character. Given the rise in popularity of this new asset class, it is necessary to make it easier for new digital users to enter the NFT world. The MGH DAO wants to tackle this problem by:
- adding transparency through the implementation of NFT pricing algorithms;
- increasing the accessibility to metaverse related NFTs through its collaborative governance approach and NFT pools;
- providing relevant data about the metaverse on the Ocean and Chainlink marketplaces.
Setting this aside, It doesn’t take long to realize that the leading NFT marketplaces lack many functionalities, have high commission fees, long moderation processes, lack of tools for promotion and communication, etc. For this reason, the initiators at Picipo decided to create an easy to access marketplace on Polygon with negligible fees and a sustainable reward system (mint-to earn) for active participation in the platform’s lifecycle.
The Picipo platform will have a direct focus on servicing the creation, discovery, trade/distribution and leveraging of NFTs. As soon as the platform is settled, the focus will be shifted towards allowing its users to extract value from their owned NFTs beyond simply holding them and speculating on a price increase.
The partnership will mainly focus on supporting this transition towards a more collaborative approach regarding the structure of the marketplace. Picipo and the MGH DAO will leverage their technologies and communities to provide better NFT infrastructure by providing valuation and DeFi tools for the NFTs being offered on the platform. By integrating MGH’s oracle solution into the marketplace, Picipo users will have seamless accessibility to NFT valuations.
Moreover, MGH will leverage its metaverse lands to allow Picipo content creators to expose their art in the metaverse galleries built and maintained by the DAO. Finally, the MGH DAO will shift its bi-monthly NFT artist series to the Picipo marketplace to give MGH community artists higher exposure.
About Picipo
Picipo is a unified NFT management platform & marketplace built on commit-chain by Polygon. Using the Picipo platform, users can go all the way through NFT creation by choosing the preferred monetization model.
The platform goes beyond the online market and crypto society, solving the native problems of the fiat market. Thus, Picipo is a place where it becomes easy for everyone, even not aware of the blockchain technology, to create, buy, sell and leverage NFTs in its user-friendly interface uniting various NFT + DeFi tools and mechanics.
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About MetaGameHub
The MGH DAO strives to foster the convergence of DeFi, NFTs, the metaverse, and AI by combining utility, governance, and data within one holistic ecosystem. Through collaborative curation and fair pricing of NFTs, MGH is bringing more transparency and accessibility to the market by providing critical NFT infrastructure and creating a new layer of digital native value.
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