The MultiversX Foundation has recently unveiled Growth Games, an innovative $1.5M annual grant program aimed at propelling innovation in blockchain and AI. This initiative is geared towards empowering startups, developers, and teams to create transformative solutions in key areas such as DeFi, AI, and education.
Growth Games is not just about providing funding; it is a holistic approach to fostering a vibrant developer community and driving blockchain adoption. The program consists of three funding pillars, with a total annual budget of $1.5M. The Build pillar, with an allocation of $750K annually, targets new developers and teams outside the MultiversX ecosystem. Projects selected under this pillar focus on filling critical infrastructure gaps and developing essential tools using MultiversX technology.
The Accelerate pillar, with $250K in annual funding, supports existing projects within the ecosystem to scale and enhance their capabilities. Additionally, initiatives like xLaunchpad and Co-incubation allocate $500K to support five innovative projects with up to $100K in funding each. Participants of the projects receive not only financial support but also mentorship, marketing resources, strategic advisory, and community engagement to ensure the success of their projects.
In addition to funding, Growth Games promotes engagement through hackathons and retroactive contributor grants to keep the innovation pipeline active. The program’s review committee ensures accountability by evaluating applications and tying funding to milestone achievements, requiring recipients to report regular progress. This transparency aims to attract meaningful contributors to the MultiversX ecosystem.
Beniamin Mincu, co-founder of MultiversX, lauds Growth Games as a milestone for the blockchain community, emphasizing its importance in accelerating innovation and launching products that enhance our lives. This groundbreaking initiative sets the stage for the 2025 expansion of the MultiversX ecosystem, showcasing the platform’s commitment to decentralized and scalable solutions. Growth Games solidifies MultiversX’s position as a leader in blockchain innovation, inspiring developers to push the boundaries of decentralized technology.