The grant will be held KNIFE Game7 gives potential Web3 game projects within the next 5 years.
On November 28, Game7 announced that it would allocate $100 million and fund open source technology to upcoming Web3 startups.
Grants are paid in USDC, deployed in 5 years and poured 20 million USD/year. The program gives priority to projects in 5 categories of technology, events, diversification, education and research.
According to Ronen Kirsh – representative of the organization said in the press release:
“Improving the standard of smart contracts, tools, interactive wallets, and scaling solutions will be critical on the path to global adoption of Web3 games. We have allocated our 20% commitment fund to fund each of these key components, leaving the gaming industry focused on building sustainable economies.”
Game7 DAO's $500 million fund is contributed by BitDAO and Forte. The cross-chain funding program is expected to help the ecosystem Polygon, Solana, Immutable and Arbitrum. Web3 game developers can apply for the grant program starting today at Game7 Grants Portal.
Game7 founded in November 2021, as part of accelerator blockchain 500 million USD backed by BitDAO. The project has attracted the attention of many big names like Forte, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Off-chain Labs, OP Games, Polygon Studios, Solana Ventures and Alameda Research.