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A $1.5 million annual grants program called the Growth Games, which aims to promote innovation in the blockchain ecosystem, has been introduced by the MultiversX Foundation. The initiative’s main goal is to give developers and teams working on products that satisfy the expectations of the market resources, financial support, and mentorship. It’s a comprehensive initiative designed to enable creators to realize meaningful solutions while enhancing the MultiversX network’s capabilities.
The Growth Games project aims to provide developers with an ecosystem of support in addition to financial assistance. The initiative, which has an annual budget of $1.5 million, is broken down into three main stages: launch, acceleration, and development.
The development phase, backed by $750,000 in funding, targets new developers and teams. It encourages innovators from outside the MultiversX ecosystem to build essential tools, enhance infrastructure, and develop applications that address existing gaps in the network. The foundation will use a Request for Proposal (RFP) model to identify the most promising projects for funding, ensuring a thorough vetting process that meets the platform’s strategic goals.
The acceleration phase, with $250,000 in funding, focuses on helping existing MultiversX teams scale their operations. The goal is to enhance community engagement, boost on-chain adoption, and increase activity within the ecosystem. The funding will also support teams looking to accelerate their progress and gain a competitive edge in the blockchain space.
The Growth Games and xLaunchpad will work together to deliver $100,000 in financing for five innovative projects during the last launch phase. In addition to financial support, each chosen initiative will have access to marketing assistance, strategic direction, and mentorship. The goal is to guarantee that these initiatives thrive in the cutthroat blockchain market by fusing blockchain and artificial intelligence technology in a smooth manner.
The Growth Games program prioritizes accountability and transparency through a milestone-based funding methodology, guaranteeing that initiatives stay on course and achieve their goals. The program, which focuses on AI-driven developments, is well-positioned to propel blockchain technology’s widespread adoption online and pave the way for the upcoming wave of decentralized solutions.