Game7 Launches $100 Million Grants for Web 3.0 Startups

Game7's $100 Million Grant Initiative

Game7, a blockchain gaming accelerator, has unveiled a substantial grant program aimed at fostering innovation in the Web 3.0 space. The initiative, announced on November 28, will allocate $100 million in open-source technology grants to support emerging startups in this sector. These funds will be directed towards individuals and organizations developing blockchain games, smart contracts, essential software infrastructures, and community tools. Payments will be made using USD Coin (USDC).

Support Beyond Funding

Beyond financial aid, Game7 offers developers access to a range of resources, including technology support and mentoring. This holistic approach aims to nurture the growth of promising projects and integrate them into early Game7 initiatives. The structure of this grant program is designed to be inclusive and accessible, as Game7 operates as a decentralized autonomous organization (DAO) and is chain agnostic. This means that it welcomes applications from any blockchain network, enhancing its potential reach and impact.

Strategic Guidance for Applicants

While the exact grant amounts have not been disclosed, Game7 emphasizes that these grants should not be seen as a replacement for traditional venture funding. Instead, they are intended to be a catalyst for innovation, providing initial support to help projects gain momentum. This strategic guidance encourages applicants to seek additional funding opportunities to sustain their long-term growth and development.

By offering both financial support and expert guidance, Game7 aims to accelerate the evolution of the Web 3.0 ecosystem, empowering developers to create groundbreaking solutions and drive the future of blockchain technology.