Arbitrum DAO explores grants to boost Web3 game development
Arbitrum DAO is discussing grants to support Web3 games, with grants ranging from $100,000 to more than $1.5 million for the development phase. The goal of this effort is to capitalize on the growing $272 billion gaming industry, strengthen Arbitrum’s gaming ecosystem, and become competitive in the Web3 space.
Web3 game contributors, including XAI, TreasureDAO, and Helika, approached Arbitrum DAO to discuss potential grant allocation aimed at supporting Web3 game development. The discussion proposed structured grant allocations across different stages of game development, including recommendations of $100,000 to $1.5 million for early game development, $250,000 to $500,000 for alpha to beta stages, and $1.5 million or more for game launch and growth stages. do.
Web3 Gaming Opportunity
The global gaming industry, with over 3 billion gamers and generating approximately $184 billion in revenue as of 2023, presents a significant opportunity for the Web3 space. Currently ranked 7th overall among blockchain networks, Arbitrum has the potential to attract developers through its grant allocation and expert support network. This discussion highlights that Arbitrum should leverage this opportunity to not only strengthen its gaming ecosystem but also secure a competitive position in the fast-growing Web3 gaming market, which is expected to reach $426 billion by 2029.
Strategic Grant Allocation
The proposed grant allocation aims to cover various stages of development, from initial game development through game launch and subsequent growth, with a particular focus on achieving positive unit economics, scale and high levels of engagement. The grants not only provide financial support, but are also designed to ensure that games developed under the program meet high standards of quality and innovation.
Strengthening the gaming ecosystem of choice
The plan also highlights the importance of building a supporting ecosystem for game developers, including the launch of Arbitrum Orbit. stylusThis is very important in attracting game builders. Arbitrum aims to strengthen its position in the Web3 gaming sector by increasing the number of high-quality games on its platform by leveraging its technological infrastructure and nurturing its developer community.
conclusion
As the Web3 gaming industry continues to evolve, Arbitrum’s proactive approach to supporting game developers through a structured grant and support ecosystem represents a strategic effort to capture a significant share of this rapidly growing market. By attracting talented developers and fostering the development of innovative and engaging games, Arbitrum aims to strengthen its position as a leading platform for Web3 games.
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