Connect with us

Hi, what are you looking for?

Bytes

Game7 Launches $100 Million Grant to Kickstart Web3 Video Game Industry

How to raise $100 million

Game7, a Web3 gaming Decentralized autonomous organization (DAO) supported by BitDAO and Forte ecosystems has launched a $100 million grants program to accelerate Web3 gaming.

The program will allow developers to build tools, create educational programs, perform research and even host events that’ll make the Web3 video game industry more accessible and diverse.

Game7 core contributor Ronen Kirsh commented, “Improving smart contract standards, tooling, interoperable wallets, and scaling solutions will be crucial on the path to global adoption of Web3 games. We have allocated 20% of our committed treasury to fund each of these crucial components so the gaming industry can focus on building sustainable game economies.”

The $100 million grant will be deployed over the next five years at $20 million per year. Each grant will be allocated toward Web3 gaming projects across five categories including technology, events, diversity, education, and research.

Jon Allen, a BitDAO representative stated, “We believe this new model of games within a world where users and developers are aligned, has the potential to grant greater distribution of equity and ownership.”

The overall number of active blockchain games has doubled in the last year and Game7’s grant program is aimed at bringing the global community together and leading the transition from the current status quo to a new, prosperous meta-world.

The program is cross-chain and inclusive in nature with support from the Polygon, Solana, Immutable and Arbitrum ecosystems, with plans to expand even more over the coming months.

Interested developers can apply from the Game7 Grants Portal.

Written By

Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He's steadily writing his way to the sharp end of journalism and enjoys staying informed. If he's not reading, playing video games or catching up on his favourite TV series, then he's probably writing about them.

You May Also Like

Level Up

Eager to be at the metaverse frontier, but not sure how to get started? As exciting as the idea of a shared digital space...

Bytes

New blockchain gaming platform based on Unreal Engine 5.

Bytes

Fashion brand teams up with proto-metaverse for two new eyewear options, the Helux and Hydra

Bytes

The record for the most expensive land sale in the metaverse has just been raised

Advertisement
Advertisement

Subscribe to the future

Advertisement