Game7, a DAO focused on blockchain games (Decentralized Autonomous Organization) announced the launch of a $100 million grant program. The purpose of this grant program is for him to support the Web3 gaming community and advance blockchain gaming adoption on several chains during this time of market downturn.
Game7 Supports Blockchain Games with His $100 Million
Game7 is his Web3 Gaming Dedicated Project, which includes Arbitrum, Polygon, Immutable X, Solana and various other projects. We already support chain projects. announced the launch of his $100 million grant program to support Web3 gaming companies. The chain-agnostic project announced that the purpose of the move is to support these initiatives to move the Web3 gaming ecosystem forward even during unfavorable times for the crypto industry.
The organization, his DAO backed by Bitdao and Forte, aims to allocate these funds to the best projects demonstrating initiative over the next five years. The grants will bedistributedinto five different areas, including technology, events, diversity, education and research.
On the direction of these funds, Game7 contributor Ronen Kirsh declared:
Smart Contract Standards, Tools, and Interoperability Better wallets, and scaling solutions will be critical on the road to global adoption of Web3 games. We have allocated his 20% of our committed funds to fund each of these key components so that the gaming industry can focus on building a sustainable gaming economy.
His Web3 program
similar to the direction
first sector to receive grant focus on team support It will be the technical field where Readiness for open source development in certain key areas such as game development tools, smart contracts and standards, core infrastructure, and community tools. Game7 grant support includes access to technical support, mentoring, and early access to the Game7 initiative, so it’s more than just financial support.
Game7 believes that Web3 games are a force that empowers both gamers and gaming companies to profit and grow together. This is according to Bitdao president John Allen:
This new gaming model in a world where users and developers work together will bring a greater share of the stake. We believe that it is possible to and ownership.
According to Dappradar’s September report, Web3 games are one of the few areas in the cryptocurrency world that continues to grow despite the economic challenges facing the industry. One. Companies such as Griffin Gaming Partners, Forte, A16z and VC funds have launched billionaire fundraising initiatives throughout 2022 for companies involved in this type of project.
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