MVM (Metaverse Magna) announces scholarship initiative to assist millions of Africans in earning up to $1,000 per month by playing Crypto-powered games.
— Africa’s first and largest crypto gaming DAO, is offering a once-in-a-lifetime opportunity to earn up to $1,000 per month by playing crypto games to everyone with internet access and a desire to enhance their lives.
— MVM was co-founded by executives from the world’s largest exchange and Old Fashion Research (OFR), a multi-strategy blockchain investment firm.
— The metaverse economy will empower a new generation of Africans, whether it is through play-to-earn, move-to-earn, or build-to-earn.
MVM, Africa’s first and largest crypto gaming DAO, is offering anybody with internet connectivity and a desire to better their lives a once-in-a-lifetime chance to earn up to $1,000 per month by playing crypto games.
Players must often purchase pricey gaming assets in order to access the play-to-earn crypto gaming industry.
These assets are then used to get entry to games like as Axie Infinity, which provide players with cryptocurrency awards that can be exchanged for real money.
However, given the state of Africa’s economy, the average person cannot afford to buy these game assets (which can cost up to $1,200 in the case of Axie Infinity). MVM comes into play here.
MVM is trying to break down gaming boundaries in Africa by allowing individuals to play, earn, and develop their money without having to buy any gaming assets, overseen by its General Manager, Onyinye Umeaka, and a team of operations, growth, and community professionals.
It absorbs the cost of investing through its scholarship scheme, which involves acquiring assets and lending them to participants.
It also provides online training facilities, a robust global network of elite players, and a strategy that ensures that students keep the majority of their revenue.
“The crypto play-to-earn revolution has been benefiting communities in the Philippines and other countries across Asia, and we are pleased about what it’s already doing in Africa” Onyinye Umeaka said in a recent interview.
“As further evidence of our dedication to the cause, we’re also working on a free and simple guild administration platform that will provide anyone else interested in forming a comparable gaming guild on the continent with the tools and community they need.”
Metaverse Magna is Nestcoin’s second venture, with a mission to democratize employment development across Africa and other frontier economies.
Nestcoin is a crypto-native Venture Collective directed at opening the wealth-building potential of crypto. “Nestcoin has a bigger perspective of dissolving all the barriers to entry into crypto, and MVM really encapsulates this vision” says Nestcoin CEO Yele Bademosi.
“We believe Play-to-Earn has the potential to drive widespread adoption of cryptocurrency in Africa”
“With roughly 40% of the continent’s 1.2 billion people living in poverty, the opportunity to help 250 million gamers earn up to $1,000 per month is a worthwhile mission in our pursuit to drive economic transformation on the continent”
Also read: Fuzu Limited Presents a Next-generation Electronic Platform for Career Progression and Development for Nigerian Job Seekers and Businesses
MVM was co-founded by executives from the world’s largest exchange and Old Fashion Research (OFR), a multi-strategy blockchain investment firm.
Ling Zhang, a founding partner of Old Fashion Research and a former VP of M&A at Binance, puts it like way: “***OFR is ecstatic to be working with Nestcoin to construct the MVM DAO.
The metaverse economy will empower a new generation of Africans, whether it is through play-to-earn, move-to-earn, or build-to-earn. For our gamers and community, the MVM DAO structure will provide unprecedented financial access and wealth creation.***”
The DAO is teaming up with entrepreneurs who share its objective and will be releasing new games in the months to come. Game makers are also welcome to pitch new and unique games for an opportunity to secure money and an army of MVM users.