MultiversX Foundation, the organization behind the distributed blockchain network MultiversX, has introduced the Growth Games initiative, a $1.5 million annual grants program to encourage innovation among developers and teams creating products that meet current market demands.
The Growth Games initiative offers more than just financial support. It provides a comprehensive framework that gives developers, innovators, and creators the mentorship, resources, and community backing needed to advance their projects into viable market products.
The program allocates funding in three main areas: development, acceleration, and launch. With a yearly budget of $750,000, the development phase aims to attract new builders and teams from outside the MultiversX ecosystem.
Through a Request for Proposal (RFP) model, the initiative seeks to fund projects focused on infrastructure enhancement, essential tools creation, and impactful applications to address existing gaps within the MultiversX network.
In the acceleration phase, $250,000 is set aside to assist existing teams within the ecosystem in expanding their operations, enhancing community engagement, and accelerating on-chain adoption and activity.
Lastly, the launch phase, in collaboration with xLaunchpad, will provide funding for five transformative projects, with each eligible to receive up to $100,000. Selected teams will also receive mentorship, strategic guidance, marketing resources, and community support to ensure their success in the competitive market.
To maintain transparency and accountability, Growth Games relies on milestone-based funding and regular progress reviews. By focusing on AI-integrated advancements, the program aims to drive internet-scale adoption and facilitate impactful solutions that seamlessly integrate blockchain technology with artificial intelligence.