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Growth Games by MultiversX: A $1.5M initiative driving blockchain and AI innovation, empowering startups with crypto payments and mentorship.
Growth Games is a $1.5 million annual grant program just launched by the MultiversX Foundation. It’s looking to shake up the blockchain and AI innovation scene. The goal? To give startups, developers, and teams the tools they need to craft game-changing solutions in decentralized finance (DeFi), artificial intelligence (AI), and education. With funds, mentorship, and community backing, this program aims to push the very limits of decentralized tech and spark a new wave of innovation.
What’s cool about Growth Games is it’s not just about throwing money at developers but creating a solid ecosystem of support. Think mentorship, strategic advice, and marketing help. It’s broken into three funding pillars, each targeting unique project stages and innovation levels.
The Build pillar, holding an annual budget of $750,000, is about onboarding fresh developers and teams from outside the MultiversX ecosystem. They’re looking for projects that can fill crucial gaps in infrastructure, using a Request for Proposal (RFP) model. By harnessing MultiversX technology, this pillar strives to develop vital tools and create groundbreaking applications that will shape the future of blockchain innovation.
Then, there’s the Accelerate pillar, which earmarks $250,000 annually for existing MultiversX projects to scale up and enhance. It’s about backing projects that’ve shown promise but need a little extra push. Add in xLaunchpad and Co-incubation, which set aside $500,000 to support five promising projects, and you’ve got a comprehensive approach to nurturing innovation.
The financial support from Growth Games is linked to milestones, ensuring that funds are used wisely and progress is tracked. Recipients must provide regular updates, promoting transparency and a culture of continuous improvement. This model not only guarantees effective use of funds but also helps in building a community of contributors to the MultiversX ecosystem.
More than just a funding initiative, Growth Games is a driving force for decentralized tech. By supplying startups and developers with the resources they need, the program aims to create transformative solutions that will shape the future of blockchain and AI. The focus on DeFi, AI, and education underscores its commitment to tackling some of tech’s most pressing challenges.
The effects of Growth Games reach beyond its immediate participants. By cultivating a culture of innovation and collaboration, the initiative is helping to forge a robust ecosystem that will drive blockchain tech's adoption. This will lead to new applications and use cases that can benefit various industries.
Beniamin Mincu, co-founder of MultiversX, is all in on this initiative. He called it a "milestone" for the blockchain community, stating, "Growth Games presents an important acceleration milestone for MultiversX and the broader blockchain community. This $1.5 million initiative is a call to innovators and builders to build, accelerate, and launch the products that will make our lives better."
Growth Games sets the stage for the MultiversX ecosystem's future, showcasing the foundation's vision for decentralized and scalable solutions. By providing developers and startups with financial backing, mentorship, and community support, the initiative is pushing the limits of decentralized technology. As the program unfolds, it will play a pivotal role in driving blockchain innovation and crypto payments, solidifying MultiversX's position as a key player in the field.
In short, Growth Games is more than just a funding initiative. It’s a comprehensive program designed to foster innovation, collaboration, and growth in the blockchain and AI sectors. By equipping the right players with the right resources, the initiative is crafting a lively ecosystem that will push the boundaries of decentralized tech and crypto payments.
