Game7 announces a $100 million grant program to help accelerate blockchain-enabled games.
Game7 describes itself as a web gaming-focused decentralized autonomous organization (DAO). The Game7 DAO’s treasury includes $500 million committed by the high-profile decentralized autonomous organization BitDAO and blockchain game platform Forte.
The grants will be deployed over five years at $20 million per year to projects across five categories, technology, events, diversity, education, and research. The cross-chain program has support from the Polygon, Solana, Immutable, and Arbitrum blockchain ecosystems with plans for further expansion over the coming months.
Game7 core contributor Ronen Kirsh stated:
“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.”
