Gaming in Africa is no longer just about entertainment. For millions of young people, it’s becoming a path to income, connection, and new digital opportunities. The passion is there, the talent is clear, and the demand keeps growing. Yet, joining Web3 play-to-earn (P2E) platforms is not simple. Many require high startup costs or technical know-how, leaving countless gamers locked out of the opportunity.
Metaverse Magna (MVM) was built to change that. Built by Nestcoin, MVM is Africa’s largest gaming DAO, designed to make Web3 gaming open and accessible. Through scholarships, community tools, and token-powered opportunities, it removes the barriers of cost and complexity. Instead of players needing to invest before they can start, MVM equips them with in-game assets and mentorship, turning gaming into a real income path.
This approach matters. When play-to-earn (P2E) gaming was at its peak, players had to spend nearly $500 just to buy the NFTs required to start on games like Axie Infinity. For most people and young professionals, that figure was out of reach. And even if they could afford it, learning how to set up wallets, pay gas fees, and navigate NFT marketplaces made the process even harder. MVM simplifies that journey, giving players the chance to start earning without taking on the upfront risk.
What Is Metaverse Magna (MVM)?
Metaverse Magna is a crypto-gaming decentralized autonomous organization (DAO) launched in 2021 under Nestcoin’s Web3 portfolio. It started as a gaming guild that offered scholarships to players who couldn’t afford entry into games like Axie Infinity and Pegaxy. Today, it has grown into a full DAO, powering play-to-earn opportunities, supporting guild leaders, and enabling community ownership across Africa’s gaming economy.
Through its scholarship model, MVM provides in-game assets, training, and structured support, allowing gamers to participate and earn from day one. At the same time, it builds infrastructure for guild operators and developers to run their own communities. In short, it’s more than a guild; it’s a platform for creating decentralized gaming ecosystems.
Key Features & Value
1. Scholarship Program
This is MVM’s flagship feature. Players are given in-game assets and mentorship to help them begin earning right away. According to MVM’s own reports, some scholars have earned as much as $1,000 monthly through this system.
2. Guild Infrastructure
MVM empowers community members to become guild leaders. With access to management tools, they can onboard new players, distribute rewards, and grow gaming teams. This builds decentralized hubs where accountability and collaboration are part of the structure.
3. DAO Governance
Ownership is shared. Token holders are not just users; they are decision-makers. They vote on platform upgrades, expansions, and economic models, ensuring the community has a real say in how MVM evolves.
4. Hyper App
MVM is developing Hyper, a social gaming app with hypercasual titles like Candy Blast and Wordler. The idea is to onboard gamers through simple, familiar games while linking them to crypto-based rewards and opportunities. It acts as a bridge between Web2 and Web3.
Funding & Growth
In 2022, MVM raised $3.2 million in a seed round, giving the project a valuation of $30 million. Investors included Wemade, Gumi Cryptos, Polygon Studios, HashKey, and Tess Ventures. This capital is fueling the push to build Africa’s largest gaming DAO.
The community itself has grown to over 100,000 members, with more than 1,000 active scholars earning through play-to-earn models. Each milestone underscores MVM’s ambition to scale beyond a guild into a continent-wide movement.
Why MVM Stands Out
- Access without risk: Removes the heavy entry costs of P2E gaming.
- Community ownership: Players aren’t just participants—they help govern the DAO.
- Africa-first design: Tailored for local realities and youth demographics.
- Balanced vision: Focused on immediate value (scholarships, Hyper) while building for long-term token economics and ecosystem growth.
Founders & Leadership
MVM was built under Nestcoin, a Web3 company with a track record of building accessible blockchain products. At the center of this vision is Yele Bademosi, CEO of Nestcoin. His belief is simple: gaming can be a real answer to youth unemployment. As he puts it, “Gaming presents a unique opportunity to help young Africans earn and lift themselves and their families out of poverty.”
Alongside him is Yemi Johnson, General Manager of MVM, who leads the DAO’s growth and community-building efforts. Together, the leadership team is shaping MVM into not just a platform, but a digital economy powered by gamers themselves.
Final Thoughts
Metaverse Magna is proving that gaming can be more than entertainment; it can be an opportunity. Removing financial barriers and building a community-owned structure gives young people a way to turn time spent gaming into income, skills, and long-term growth.
Its model, scholarships, guild tools, DAO governance, and Hyper- offers a blueprint for Web3 adoption that is practical, fair, and built for the realities of Africa. For a continent with millions of young, digitally connected people seeking both creative outlets and income, MVM stands out as a bridge between passion and possibility.
