Game7, a decentralized autonomous organization (DAO) operating in the web3 gaming space, has announced a grant program that will help the development of metaverse gaming. According to the firm, this venture will accelerate web3 gaming. Its official tweet read

“We’re putting Web3 gaming into hyperdrive by funding promising builders and projects that are focused on technology, events, diversity, education, research.”

Interestingly, one of the world’s largest DAOs, BitDAO, committed $500 million to Game7 DAO’s treasury, alongside the popular web3 gaming platform, Forte. The grant will be disbursed over five years, with $20 million deployed each year in different sectors, starting with technology.

(by Suzuki Shillsalot)