Game7’s Bold Move
In a groundbreaking announcement on November 28, 2022, Game7 revealed plans to distribute a whopping $100 million in open-source technology grants aimed at energizing the Web3 gaming landscape. The funds are specifically designed to support various projects, including blockchain games, smart contracts, core software infrastructures, and community tooling.
Grants Galore: What’s Up for Grabs?
The funding initiative is the kickstart of what Game7 hopes will be an avalanche of innovation in the blockchain sphere. The grants will cater to:
- Game development tooling
- Smart contracts and standards
- Core infrastructure
- Community tooling
Speaking of innovation, the DAO (Decentralized Autonomous Organization) is chain agnostic, meaning that no matter what blockchain you’re building on, you’re welcome to the party!
Beyond Dollars: Additional Support
But wait, there’s more! In addition to the cash, the aspiring developers won’t be left flying solo. Game7 commits to providing:
- Tech support
- Mentorship opportunities
- Access to early Game7 initiatives
Consider it a one-stop hub for budding developers eager to make a mark in the Web3 world!
Application Process: What to Expect
As enticing as it sounds, gaining access to this funding won’t be as simple as a click-and-apply process. Interested developers will face a rigorous vetting phase:
- Know Your Customer (KYC) checks
- Signing contracts
- Applying with digital wallets
Moreover, while funding amounts remain undisclosed, Game7 cautions applicants that these grants are not a substitute for traditional venture funding. Most funds will be released post-project milestone completion, with a typical decision timeline revolving around four to six weeks of due diligence.
A Collaborative Ecosystem
Game7 wasn’t birthed in a vacuum; it was launched in November 2021 as part of a grander vision involving a $500 million blockchain ecosystem accelerator, backed by BitDAO. Notable participants in the seed funding round include Forte, Warner Music Group, and even now-defunct Alameda Research. It’s quite the gang, suggesting that Game7 is serious about building a vibrant, collaborative ecosystem for Web3 development.
