Polkadot parachain Moonbeam launches a $13M Web3 gaming fund

Polkadot parachain Moonbeam launches a $13M Web3 gaming fund
фото показано с : cryptoslate.com

2024-6-13 17:00

Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth in key areas like gaming and real-world asset (RWA) tokenization.

The $13 million package consists of a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants.

Moonbeam said the funding marks the next phase of its Moonrise initiative, which aims to evolve the parachain into a leading solution for integrated Web3 networks, including Polkadot and Ethereum.

Innovation fund

The Moonbeam team explained that one of the network’s primary goals was to attract more games to its blockchain to boost its gamer acquisition and retention.

To this end, it has selected N3MUS as the first recipient of the innovation fund to develop a gaming-focused ecosystem. N3MUS aims to integrate Web3 gaming into the mainstream by merging traditional gaming with blockchain technology.

Sicco Naets, Head of Ecosystem Development at Moonbeam Foundation, told CryptoSlate that the N3MUS funding demonstrates Moonbeam’s commitment to supporting developers and reducing friction in blockchain technology.

Similarly, Neal Peters, the CEO of N3MUS, added:

“This partnership marks a significant milestone for N3MUS as we strive to bridge the gap between traditional gaming and blockchain technology.”

Additionally, Moonbeam’s partnership with N3MUS will include co-organizing events to integrate N3MUS into Moonbeam and promote gaming projects. Moonbeam will also connect N3MUS and other fund recipients with venture capital firms for potential further investment.

Ecosystem grants

Beyond the innovation fund, Moonbeam is also supporting its parachain projects and the Moonriver canary network with grants.

The first ecosystem grant will allocate 4.5 million GLMR, valued at approximately $1.5 million, to four projects on the parachain, including StellaSwap DEX, Moonwell Lending Protocol, Cross-Chain Interactions platform Prime Protocol, and Beamswap. These protocols are expected to launch their incentive programs on June 14.

Additionally, efforts are underway to enhance DeFi activities through a proposal for the Moonriver canary network, which would distribute 113,618 MOVR, worth $1.5 million.

The intended beneficiaries include DeFi projects like Beamswap and Moonwell, amongst others. These projects will use the funds to facilitate liquidity provision on their platforms. However, the proposal is currently pending approval.

The post Polkadot parachain Moonbeam launches a $13M Web3 gaming fund appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Gaming (GMNG) на Currencies.ru

$ 3.91E-5 (-0.18%)
Объем 24H $38
Изменеия 24h: 2.95 %, 7d: 26.08 %
Cегодня L: $3.91E-5 - H: $3.91E-5
Капитализация $0 Rank 7738
Доступно / Всего 0 GMNG / 15b GMNG

million fund web3 gaming moonbeam real-world like

Источник: cryptoslate.com

million fund → Результатов: 126


Фото:

Benson Oak is providing $100M to set up a dedicated investment fund for blockchain ventures

Benson Oak, a Prague-based investment bank, has announced it is raising $100 million to launch an investment fund dedicated to the Israeli market with a focus on blockchain startups. According to a report from Israeli media outlet Calcalistech on Sunday, the new investment arm, called Benson Oak Ventures, has already secured $25 million and aims

2018-7-10 11:51


MakerDAO Announces Partnership With Tradeshift

MakerDAO, creator of the Dai stablecoin, announced its partnership with Tradeshift on July 6. Tradeshift, which provides supply chain payments and markets for more than 1.5 million companies in over 190 countries, will add payments through a decentralized marketplace using the Dai stablecoin to fund real-time small business loans. This partnership could help businesses gain […]

2018-7-8 16:00


Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin

Austin-based cryptocurrency hedge fund Multicoin Capital is long Ethereum as well as EOS while short both Litecoin and Ripple’s XRP. Backed by Andreessen Horowitz’s Marc Andreessen and Union Square Venture’s Chris Dixon among others, the $75 million fund is defending its most significant position: EOS, a currency that raised $4 billion through an ICO last month […] Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-3 01:24


Andreessen Horowitz Launches a 300 Million Crypto Focused Fund

Andreessen Horowitz announced on Monday, June 25, that it has launched a16z crypto, which is a new 300 million fund to invest in cryptocurrency companies and protocols. Moreover, the VC powerhouse hired Katie Haun who will be its first ever female general partner to co-lead the fund alongside Chris Dixon, the company’s veteran general partner, […] Andreessen Horowitz Launches a 300 Million Crypto Focused Fund was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-2 20:19


Ripple [XRP] Partner CEO: Cryptocurrency Is Ammo for Economic Shift

SBI Holdings (a partner of Ripple) CEO Yoshitaka Kitao said, during the Japan Blockchain Conference in Tokyo, that blockchain technology would fuel the next boom in the Japanese economy. The company is at the forefront of blockchain innovation as it plans to invest over $460 million in the industry through an AI & Blockchain fund, which […] Ripple [XRP] Partner CEO: Cryptocurrency Is Ammo for Economic Shift was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-6-29 21:14


Venture Capital Andreessen Horowitz launches a crypto fund worth $300M – a16z crypto

American Private Venture Capital, Andreessen Horowitz announced a $300 million worth venture fund named “a16z crypto” for cryptocurrency companies and protocols. Chris Dixion, General partner at Andreessen Horowitz mentioned the same in one of his Twitter posts, which detailed the features of the traditional venture capital.

2018-6-27 00:05


Фото:

Silicon Valley investment powerhouse Andreessen Horowitz (a16z) has launched a new $300 million fund focused on cryptocurrencies.

Famous crypto trader Brain Kelly along with Cardano co-founder Charles Hoskinsin expressed very bullish views on the bright future of cryptocurrencies. In a further push to bring some fresh optimism in the market surrounding cryptocurrencies, Silicon Valley’s one of the most prominent venture capital firm Andreessen Horowitz has finally announced the launch of its $300 million

2018-6-26 15:09


Essentia.one allocates $11m to incubator fund for nurturing projects built on its protocol

The decentralized interoperability protocol Essentia is set to launch a fund valued at over $11 million to expand their ecosystem and incentivize projects to be built on top of the platform. Disclosure: This is a Sponsored Article The fund will drive development of a thriving program to accelerate real world adoption of blockchain technology, based […]

2018-6-22 01:30


Фото:

Essentia.one Launches $11m Fund for Advancing Projects Developed with Its Protocol

The decentralized interoperability protocol Essentia is set to launch a fund valued at over $11 million to expand their ecosystem and incentivize projects to be built on top of the platform. The fund will drive the development of a thriving program to accelerate real-world adoption of blockchain technology, based around Essentia’s enterprise-oriented solutions, while forging close ties with the community, without whom we could not have reached this stage.

2018-6-21 22:00


PR: Essentia.one Earmarks $11m to Foster Development of Projects Based on Its Protocol

The decentralized interoperability protocol Essentia is set to launch a fund valued at over $11 million to expand their ecosystem and incentivize projects to be built on top of the platform. The fund will drive development of a thriving program to accelerate real world adoption of blockchain technology, based around Essentia’s enterprise-oriented solutions, while forging close ties with the community, without whom we could not have reached this stage.

2018-6-20 20:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Polkadot's short-term outlook - Is $7 too far for DOT's price?

DOT seemed unable to break through the key $7 resistance Ichimoku Cloud and its alignment with the double-top pattern signaled further declines Polkadot (DOT) is grappling with intense pressThe post Polkadot's short-term outlook - Is $7 too far for DOT's price? appeared first on AMBCrypto.

Polkadot: Can Web3 gaming be the catalyst for DOT's recovery?

Polkadot's parachain Moobeam made a significant investment in the Web3 gaming space. Price of DOT had declined over the past week, despite large number of developments. Polkadot [DOT] was thThe post Polkadot: Can Web3 gaming be the catalyst for DOT's recovery? appeared first on AMBCrypto.

Polkadot treasury allocates $14.4 million to bolster DeFi project Hydration

Polkadot Treasury has allocated 2 million DOT, valued at $14. 4 million, to enhance the liquidity of the DeFi project Hydration, according to a June 10 statement shared with CryptoSlate. The project stated that the funds will boost the liquidity and efficiency of its single-sided liquidity provisioning platform, Omnipool.

Polkadot [DOT] remains at the mercy of bears - But there's a silver lining

DOT continued to trend below the 200-period moving average. Despite the market's ‘Extreme Fear’ sentiment, a dramatic 138.77% surge in trading volume indicated growing trader interest. PThe post Polkadot [DOT] remains at the mercy of bears - But there's a silver lining appeared first on AMBCrypto.