Converging DeFi, NFTs and the metaverse: MGH DAO AMA on September 1st at 8pm GMT +8

On September 1st of 2021 $MGH will take part in an anticipated AMA with Blockcast at 8pm GMT +8 on various social platforms! Founder Nicolas Weber will be answering questions and engaging with the audience regarding: The vision of MGH DAO, core values, goals and roadmap. Furthermore, participants have a chance to win up to $1,800 MGH. MGH DAO is fostering the convergence of the metaverse, NFTs, AI and DeFi. By offering NFT Pools for staking – not losing ownership – MGH allows NFT holders to generate staking rewards and NFT investors to participate in the NFT value growth by purchasing NFT Pool Tokens. A sophisticated pricing oracle curated by MGH DAO allows transparent and fair pricing. Further, MGH DAO also curates and invests in LANDS within the Metaverse! As Weber says best: Community and education are everything when it comes to DAOs. Therefore I am excited to foster both at the AMA with Blockcast!. Author: Nicolas Weber

Introducing MGH DAO

If you get on the train right now, you can travel the whole world – be it the Eiffel Tower in Paris, the Himalayan Mountains or all the way to Niagara Falls. Everything is networked and connected. And the Metaverse is working on it too – it is becoming the Omniverse: the “Everything Universe”. For now, you cannot carry your armour from The Sandbox to Decentraland; but that will change eventually. The Metaverse will be connected like a spider’s web, so there will be only ONE virtual world. You see: an avalanche is rolling towards us and will bury the internet under a virtual world. And maybe you would like to take part in this metaverse yourself? Maybe buy weapons, armour, coats of games as NFTs? Or buy land and rent it out? Now, we will show you an easy way to profit from the metaverse:

Tell me, how do you evaluate an NFT fairly? – And especially digital land as an NFT? How do you make sure it thrives like a vibrant city and does not end up like a lifeless dune in the Gobi Desert? Those who want to buy and value NFTs face huge challenges – a marathon of data, facts and knowledge that they have to run through one round at a time. But there is a simpler way… The MGH (Metaverse Game Hub) DAO (Decentralised Autonomous Organisation) will give you smooth and fast access to the Metaverse and NFTs. How will MGH do it? In three ways:

1. NFT Pools – the name says it all: Pools full of NFTs: Do you know the Synthetix protocol? There you deposit the native token and get a derivative on oil, gold, Tesla…. That is how you trade gold on the blockchain – without having to hold a lump of gold in your wallet. MGH will work similarly: Via a synthetic NFT Pool Token (NPTs), you track the price of multiple NFTs (combined in an NFT Pool) and profit when they rise in value. This pool contains NFTs such as digital land from “The Sandbox”, “Decentraland” and later there will be other Pools containing NFTs such as art, music… And again: you do not have to hold, value, analyse, track, buy NFTs manually… no: It is(nearly) like holding an index of NFTs.
2. How to Earn Passive Income on Your NFTs with NFT Pools? Be honest: What good is an NFT to you? Maybe you love the story behind it? Maybe it boosts your ego to own such a valuable piece? Or maybe it connects you to a brand you love? But often you just hold it and hope it goes up in value – that is all you can do. How about earning a passive income on it? For this, MGH develops NFT Pools (NPs), where you can stake your NFT. So not only do you hold NFTs, but you also earn network rewards with them during the holding period. In order to access the Pools, you must stake MGH Tokens in the MGH Staking Pool and mint NFT Pool Tokens (NPTs). These NPTs reflect the price of the pool — so you benefit from the long-term appreciation of the NFTs without having to hold them yourself. Not a bad deal, right? We will explain in detail how this works in later posts. Lastly, MGH is also working to transform the Metaverse into a thriving, vibrant and breathtaking world….
3. 3. Captivating games for “The Sandbox” and other metaverses – cooperation with MyReality DAO LLC and DAC: What is digital land where nothing stands? It is like a party which nobody wants to visit. That is why there are development studios like MGH’s professional partner MyReality DAO LLC, creating revolutionary games for “The Sandbox” to breath exciting life into it. It is only with games like those from MyReality DAO LLC that the metaverse becomes a party where people go and queue up willingly.

Conclusion

The metaverse is becoming a second world where people spend their free time, shop, have fun and meet their friends. That is why companies are buying up digital land right now and building the world of tomorrow on top of it. But the metaverse is not just a world of fun – it is also a world of investment: Metaverse Game Hub DAO (MGH DAO) will make NFTs, in the beginning virtual lands, accessible for everyone with state-of-the-art NFT Pools. At MGH DAO, everyone is welcome to become a member! Be part of the AMA and find out more about the project!

Remarks

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Interested? Then, contact us! Nicolas Weber is Head of Business Development at Amazing Blocks and is your direct contact for any regards. You can contact him via email or connect with him on LinkedIn.

Authors

This article was written in a collaborative effort by Robin Prock from DAC and MGH DAO and  Nicolas Weber – Founder of DAC and MGH DAO. The goal is to foster education in disruptive fields such as the metaverse.