The multiversx crypto Foundation is a key player in the blockchain world. It has launched a $1.5 million annual grants program called Growth Games. This plan aims to boost innovation at the crossroads of blockchain and AI. It helps developers turn groundbreaking ideas into reality in areas like DeFi, AI, infrastructure, and education.
The Growth Games program is all about sparking innovation and speeding up the use of blockchain and AI in the multiversx crypto world. It offers funding based on milestones, mentorship, and community support. The Foundation is dedicated to unlocking the potential of blockchain and AI. It wants to help the Web3 world grow and thrive.
Key Takeaways
- MultiversX Foundation launches $1.5 million annual Growth Games program to drive blockchain and AI innovation
- Program aims to fuel adoption of blockchain-powered AI solutions and empower developers across diverse verticals
- Funding distributed across three pillars: Build, Accelerate, and xLaunchpad & Co-incubation
- Milestone-based funding, mentorship, and community support provided to accelerate ecosystem growth
- Initiative reflects MultiversX’s commitment to innovation and evolution within its thriving blockchain ecosystem
Understanding the MultiversX Foundation Growth Games Initiative
The MultiversX Foundation’s Growth Games initiative is a $1.5 million annual program. It aims to boost innovation and build a strong developer community in blockchain gaming and web3. This funding program helps builders, supports projects, and drives the creation of new decentralized applications (dApps).
Overview of the $1.5M Annual Program
The Growth Games program splits the $1.5 million budget into three parts:
- Build Grants: $750,000 for new builders and teams outside MultiversX
- Accelerate Grants: $250,000 for projects already in the MultiversX network
- xLaunchpad and Co-incubation: $500,000 for innovative projects to grow their user base
Key Objectives and Vision
The Growth Games initiative has a big vision. It wants to push blockchain gaming forward and grow a strong web3 ecosystem. The program offers money, mentorship, and community help to developers. It helps them solve big challenges and innovate in blockchain gaming, dApps, and crypto solutions.
Program Structure and Timeline
The Growth Games program has a clear timeline. It has regular application cycles and funding releases. Projects that succeed get money in parts, based on what they achieve. The program also offers non-monetary help like technical advice and community building resources. This helps projects reach their goals and fit well in the MultiversX ecosystem.
The Three Pillars of Growth Games Funding Distribution
The MultiversX Foundation has launched its Growth Games program. It’s a $1.5 million annual initiative to boost blockchain adoption and encourage new gaming incentives. The program is split into three main funding pillars, each serving different needs in the MultiversX community.
The Build Pillar gives out $750,000 each year to new developers. It helps them turn their innovative ideas into reality. This shows the MultiversX Foundation’s dedication to supporting new blockchain pioneers.
The Accelerate Pillar provides $250,000 yearly for ongoing support of existing projects. It uses a milestone-based funding approach. This ensures projects get the help they need to grow and succeed.
The xLaunchpad and Co-incubation pillar gets $500,000 annually for innovative projects. It focuses on pushing blockchain and AI technologies forward. This aims to spark the creation of new, groundbreaking solutions in various fields.
| Pillar | Annual Funding | Focus |
|---|---|---|
| Build | $750,000 | New ecosystem developers |
| Accelerate | $250,000 | Existing projects |
| xLaunchpad and Co-incubation | $500,000 | Innovative projects |
By spreading the $1.5 million annual budget across these pillars, the MultiversX Foundation aims to drive growth. It wants to create a thriving ecosystem and speed up blockchain and gaming adoption.
MultiversX Foundation launches Growth Games, a $1.5M initiative to accelerate bl
The MultiversX Foundation is launching Growth Games, a $1.5 million program. It aims to boost blockchain solutions in the MultiversX ecosystem. This move shows the Foundation’s dedication to blending blockchain tech with AI.
Strategic Partnership Opportunities
The Growth Games program looks for partnerships with top blockchain and web3 players. These collaborations will help the Foundation find and support promising projects. This way, they can push blockchain technology forward.
Innovation Focus Areas
- Advancements in AI-powered blockchain solutions
- Innovative decentralized finance (DeFi) applications
- Cutting-edge AI agents and autonomous systems
- Novel use cases that bridge the gap between blockchain and AI
Application Process Overview
Developers and teams can apply to the Growth Games program. A review committee will check their proposals. They look at technical feasibility, market impact, and innovation.
Successful projects get funding, mentorship, and support. This helps them grow in the MultiversX network.
“The Growth Games initiative is a game-changer for the MultiversX ecosystem. By investing $1.5 million annually, we’re poised to uncover and empower the next generation of blockchain innovators, particularly those focused on bridging the capabilities of AI and distributed ledger technology.”
– MultiversX Foundation, CEO
Build Pillar: $750K for New Ecosystem Developers
The MultiversX Foundation has launched a $1.5 million annual grants program. The Build pillar gets $750,000 to bring in new builders and teams. It aims to fill gaps in the MultiversX ecosystem and bring in fresh talent and ideas.
The RFP process invites projects that boost infrastructure and develop key tools. It also looks for impactful apps in blockchain gaming, web3 development, and elrond blockchain tech. This move aims to spark innovation in areas like DeFi, AI, and blockchain education.
| Funding Allocation | Key Objectives | Focus Areas |
|---|---|---|
| $750,000 | Onboard new builders and teams Address critical ecosystem gaps Attract fresh talent and ideas | Blockchain gaming Web3 development Elrond blockchain infrastructure DeFi applications AI-powered solutions Educational tools |
The Build pillar of the Growth Games program wants to make the blockchain gaming and web3 development ecosystem more vibrant. It aims to empower new builders and projects to succeed on the elrond blockchain platform.
Accelerate Pillar: $250K Support for Existing Projects
The MultiversX Foundation’s Growth Games program boosts innovation and adoption in the blockchain world. The “Accelerate” pillar is a key part of this $1.5 million yearly effort. It offers $250,000 to support projects already on the MultiversX platform.
Eligibility Criteria
The Accelerate pillar is for developers, teams, and organizations already working on MultiversX. They need to show they’ve built decentralized applications (dApps) or blockchain solutions before.
Milestone-Based Funding Structure
Funding for Accelerate is based on milestones. This ensures projects make progress and are accountable. Funding is given in stages, based on reaching certain goals like product development or user growth.
Support Services and Resources
- Mentorship from industry experts and experienced founders
- Strategic advisory to help scale operations and enhance market positioning
- Technical assistance to optimize infrastructure and improve user experience
- Community engagement support to drive adoption and foster vibrant user communities
- Promotional opportunities to showcase projects and attract new users
The Accelerate pillar supports existing projects in the MultiversX ecosystem. It aims to increase blockchain adoption and web3 ecosystem development. It also helps decentralized applications change the digital world.
| Funding Allocation | Eligibility Criteria | Funding Structure | Support Services |
|---|---|---|---|
| $250,000 Annually | Existing projects on MultiversX platform Proven track record of building dApps and blockchain solutions | Milestone-based funding Tranches tied to specific deliverables | Mentorship Strategic advisory Technical assistance Community engagement Promotional opportunities |
xLaunchpad and Co-incubation: $500K Initiative
The MultiversX Foundation has a big plan for its $1.5 million annual budget. A big part of it, $500K, goes to the xLaunchpad and Co-incubation program. This program helps over 5 new projects get up to $100K each.
It offers a lot of help, like mentorship, marketing support, and chances to connect with the community. This is all to make sure these projects can grow and succeed.
The goal of the xLaunchpad and Co-incubation program is to launch new and exciting projects. It wants to help them grow in a tough market. The MultiversX Foundation wants to help developers make their ideas real and grow the whole ecosystem.
| Program | Funding Allocation | Participant Eligibility | Key Benefits |
|---|---|---|---|
| xLaunchpad and Co-incubation | $500K | Over 5 innovative projects, up to $100K each | Mentorship Strategic advisory Marketing resources Community engagement support |
The MultiversX Foundation is leading the way in crypto incentives and blockchain development. It’s focusing on projects that can change the game. This keeps the platform at the edge of new technology.
“The xLaunchpad and Co-incubation program is a testament to our commitment to fostering innovation and driving the adoption of blockchain technology across various industries,” said the MultiversX Foundation spokesperson.
The xLaunchpad and Co-incubation program is key to the future of MultiversX and web3. It offers a lot of support and focuses on helping developers. This makes it a big player in the future of tech.
Integration of AI and Blockchain Technologies
The MultiversX Foundation’s Growth Games initiative focuses on combining artificial intelligence (AI) and blockchain. This goal is to push innovation and progress in these areas. It aims to help developers create advanced, AI-driven blockchain solutions.
AI-Powered Solutions Development
The Growth Games program supports the making of AI-powered blockchain apps and products. It encourages the creation of smart AI agents that can do complex tasks on their own. The program also backs the use of AI to keep blockchain systems honest and open.
Blockchain Innovation Priorities
- Decentralized finance (DeFi) primitives and applications
- Real-world asset digitization and tokenization
- Innovative developer experiences and tools
- Artificial intelligence and machine learning integration
The MultiversX Foundation sets its sights on making blockchain technology more widespread. It focuses on areas like DeFi, real-world asset digitization, and AI integration. This aims to bring about a new era in how we use decentralized systems.
| Funding Pillar | Annual Budget | Funding Opportunities |
|---|---|---|
| Build | $750,000 | Requests for Proposals (RFPs) for new builders and teams |
| Accelerate | $250,000 | Support for existing projects within the MultiversX ecosystem |
| xLaunchpad and Co-incubation | $500,000 | Funding for up to 5 transformative projects (up to $100,000 each) |
The Growth Games program’s focus on AI and blockchain is part of the MultiversX Foundation’s big vision. It wants to see blockchain used more widely and to help create new, tech-driven solutions. These solutions can make a big difference in many industries and communities.
Evaluation Process and Success Metrics
The MultiversX Foundation has a $1.5m plan to boost blockchain gaming and web3. They have a detailed process to check applications. This ensures every dollar helps the MultiversX ecosystem grow.
Money is given out when projects hit their goals. They must share updates on their progress. This way, the Foundation can see how well projects are doing and make smart choices.
The program also has hackathons and grants for contributors. It aims to support big ideas in areas like DeFi, AI, infrastructure, and education. This helps make the blockchain gaming and web3 world stronger.
| Metric | Target |
|---|---|
| Number of new projects funded | 15 annually |
| Existing projects accelerated | 5 annually |
| Transformative projects launched | 5 annually |
| Total MultiversX accounts | 6.5 million |
| Daily active users (DAUs) | 2.4 million |
| Total transactions completed | 3.3 million |
The Growth Games initiative shows the MultiversX Foundation’s strong commitment. They want to help blockchain technology grow and support new ideas. The goal is to make the blockchain gaming and web3 world better and bigger.
Impact on MultiversX Ecosystem Development
The MultiversX Foundation’s Growth Games initiative is set to change the elrond blockchain ecosystem. It will give $1.5 million each year to support new builders and speed up projects. This will lead to big changes in the decentralized applications (dApps) world.
Current Network Statistics
MultiversX has seen great success, with over 6.5 million accounts and 2.4 million daily users. It also has 3.3 million transactions every day. These numbers show the network is growing fast and getting more active.
Future Growth Projections
The Growth Games initiative will help these numbers grow even more. It will give $750,000 to new developers to make new apps and tools. It will also give $250,000 to speed up projects and $500,000 to support new ideas.
| Metric | Current Value | Projected Growth |
|---|---|---|
| Total Accounts | 6.5 million | 10 million |
| Daily Active Users (DAUs) | 2.4 million | 4 million |
| Completed Transactions | 3.3 million | 6 million |
The Growth Games program wants to take the elrond blockchain to a new level. It will help developers tackle big challenges and make new apps. These apps will change many industries in exciting ways.
Conclusion
The MultiversX Foundation’s Growth Games program is a big step forward in blockchain and web3. It gives $1.5 million each year to help new ideas grow. This helps make blockchain and AI work better together.
The program has three main parts: Build, Accelerate, and xLaunchpad and Co-incubation. It helps many developers, from new ones to those already working in the MultiversX world. This way, the ecosystem grows strong, with new and old projects getting a boost.
The MultiversX network is doing great, with over 6.5 million accounts and 2.4 million daily users. It also has 3.3 million transactions every day. The Growth Games program shows MultiversX’s dedication to a vibrant web3 world. It’s making MultiversX a leader in blockchain and AI.
FAQ
What is the MultiversX Foundation Growth Games initiative?
The MultiversX Foundation has started a $1.5M annual grants program called Growth Games. It aims to boost innovation where blockchain and AI meet. The program gives out money based on progress in growing the ecosystem.
What are the key objectives and vision of the Growth Games program?
Growth Games wants to help developers create new ideas in areas like DeFi, AI, infrastructure, and education. It builds a strong community and encourages innovation in key fields.
How is the Growth Games funding distributed?
The $1.5M annual funding is split into three parts: Build ($750K), Accelerate ($250K), and xLaunchpad and Co-incubation ($500K). Each part focuses on different aspects of growing the ecosystem.
What are the focus areas and opportunities within the Growth Games program?
Growth Games focuses on combining AI and blockchain. It supports the creation of AI-powered blockchain solutions and products. It also encourages innovations like truth safeguards and advanced AI agents.
How are Growth Games applications evaluated and funding distributed?
A review committee checks Growth Games applications. Funding is given out based on clear goals. Recipients must report their progress regularly. This ensures every dollar helps the ecosystem grow.
What is the expected impact of the Growth Games program on the MultiversX ecosystem?
Growth Games is expected to make MultiversX even stronger. It has already seen over 6.5 million total accounts and 2.4 million daily active users. The program aims to take blockchain development to the next level and help solve big challenges.