Game7 announced that the objective of this move is to offer support to these initiatives to push the Web3 gaming ecosystem forward even in unfavorable times for the crypto industry.
Game7, a blockchain gaming-focused DAO has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming on several chains.
The organization, which is a DAO supported by Bitdao and Forte, aims to distribute these funds over the next five years to the best projects presenting their initiatives. The grants will beOn the direction of these funds, Game7 contributor Ronen KirshImproving smart contract standards, tooling, interoperable wallets, and scaling solutions will be crucial on the path to global adoption of Web3 games.
Game7 believes in Web3 gaming as a force that can empower gamers and gaming companies alike, allowing them to benefit and grow together. This is according to John Allen, a representative of Bitdao, who 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.
Web3 gaming has been one of the few areas of the cryptocurrency world that have continued to grow even amid the economic woes the industry faces, according to a report issued in September by Dappradar. Companies and VC funds such as
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Web3 DAO Game7 Unveils $100M Grant ProgramWeb3 game-focused G7_DAO has launched a $100 million grant program from its treasury, which is backed by BitDAO_Official and FortePlatform. BrandyBetz reports
Read more »
Why a Kindle is the best $100 you can spend on Cyber Monday | Digital TrendsForget the deals on phones, tablets, and smartwatches this Cyber Monday. Here's why a Kindle Paperwhite at $100 steals the show.
Read more »
Disney’s ‘Strange World’ Could Lose $100 MillionDisney’s new animated movie flopped badly last weekend:
Read more »
Strange World Likely to Lose Disney $100 MillionThe latest from Disney Animation bombed on its opening weekend, which doesn't bode well.
Read more »
A record $100 billion was paid out in life insurance benefits last year | CNN BusinessUS life insurers paid out a record $100 billion in benefits in 2021, according to new data. That's a nearly 11% jump from 2020, which represented the largest year-over-year increase (15.4%) since the 1918 influenza pandemic.
Read more »