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Polkadot parachain Moonbeam launches a $13M Web3 gaming fund

admin — Wed, 12 Jun 2024 15:46:08 +0000

Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth in key areas like gaming and real-world asset (RWA) tokenization.

The $13 million package consists of a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants.

Moonbeam said the funding marks the next phase of its Moonrise initiative, which aims to evolve the parachain into a leading solution for integrated Web3 networks, including Polkadot and Ethereum.

Innovation fund

The Moonbeam team explained that one of the network’s primary goals was to attract more games to its blockchain to boost its gamer acquisition and retention.

To this end, it has selected N3MUS as the first recipient of the innovation fund to develop a gaming-focused ecosystem. N3MUS aims to integrate Web3 gaming into the mainstream by merging traditional gaming with blockchain technology.

Sicco Naets, Head of Ecosystem Development at Moonbeam Foundation, told CryptoSlate that the N3MUS funding demonstrates Moonbeam’s commitment to supporting developers and reducing friction in blockchain technology.

Similarly, Neal Peters, the CEO of N3MUS, added:

“This partnership marks a significant milestone for N3MUS as we strive to bridge the gap between traditional gaming and blockchain technology.”

Additionally, Moonbeam’s partnership with N3MUS will include co-organizing events to integrate N3MUS into Moonbeam and promote gaming projects. Moonbeam will also connect N3MUS and other fund recipients with venture capital firms for potential further investment.

Ecosystem grants

Beyond the innovation fund, Moonbeam is also supporting its parachain projects and the Moonriver canary network with grants.

The first ecosystem grant will allocate 4.5 million GLMR, valued at approximately $1.5 million, to four projects on the parachain, including StellaSwap DEX, Moonwell Lending Protocol, Cross-Chain Interactions platform Prime Protocol, and Beamswap. These protocols are expected to launch their incentive programs on June 14.

Additionally, efforts are underway to enhance DeFi activities through a proposal for the Moonriver canary network, which would distribute 113,618 MOVR, worth $1.5 million.

The intended beneficiaries include DeFi projects like Beamswap and Moonwell, amongst others. These projects will use the funds to facilitate liquidity provision on their platforms. However, the proposal is currently pending approval.

Disclaimer: CryptoSlate has received a grant from the Polkadot Foundation to produce content about the Polkadot ecosystem. While the Foundation supports our coverage, we maintain full editorial independence and control over the content we publish.

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The post Polkadot parachain Moonbeam launches a $13M Web3 gaming fund appeared first on Top Crypto Game.

My Biggest Blue Chip Altcoin Holdings for Q4 2021 Altseason | Basic Exit Strategy for Max Gains

Hustlepedia — Sun, 20 Feb 2022 02:10:28 +0000

Hustlepedia is back today with a follow up to my biggest crypto gaming holdings, and as highly requested, today we are covering my largest blue chip alt holdings heading into the Q4 2021 alt season. We cover top to bottom my 12 biggest holdings across the top alts, ranging from Ethereum, Cardano, Avalanche, Fantom, Harmony One, Polkadot, Moonriver and more! Then we dig into a basic theory on exit strategy in the bull market, where the money is going to flow, from BTC, to ETH, then down into the large cap blue chip altcoins. When you see alts flipping daily, doing 5-10x’s, you need to consider taking profit off the table, to cover yourself when the market eventually comes down to earth after the bull run concludes.

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0:00 Intro
2:29 Ethereum
3:32 BNB
4:19 Cardano – CNFTs
5:29 Solana
6:32 Polkadot
7:46 Avalanche
8:50 Polygon
9:50 Fantom – BIGGEST ALTCOIN HOLDING
11:31 PancakeSwap
12:36 Harmony One
13:25 Enjin
14:17 Sandbox
14:35 Moonriver
15:22 Basic Exit Strategy Ideology
19:19 Final Thoughts

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The post My Biggest Blue Chip Altcoin Holdings for Q4 2021 Altseason | Basic Exit Strategy for Max Gains appeared first on Top Crypto Game.

Top 5 Altcoins for Maximum Polkadot Parachain Rewards

Altcoin Buzz — Sat, 12 Feb 2022 10:22:37 +0000

Polkadot Parachain auctions started on Nov 11 and have already generated $2.5 billion in DOT investments. But where should you invest your DOT for MAXIMUM crypto rewards? In this video we look at top altcoin projects like Acala Network ACA, Litentry LIT, Astar ASTR, Efinity EFI, Moonbeam GLMR and evaluated each project on the basis of its reward structure.

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TIMESTAMPS
0:00 Intro to Polkadot DOT Parachains
2:04 Acala Network ACA
4:50 Litentry LIT
7:15 Astar ASTR
8:50 Efinity EFI
10:16 Moonbeam GLMR
12:17 Summary Table

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
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Polkadot Parachain Auctions | High ROI Opportunity in November 2021

Altcoin Buzz — Fri, 14 Jan 2022 18:24:16 +0000

Kusama KSM Polkadot Parachain crowdloan auction participants multipllied their investment 100x by investing in Moonriver. But what exactly is a parachain? What’s an auction and how to crowdloans work? We answer these questions and look at the best parachain auction participants currently on our radar: Acala ACA, Astar ASTR, Centrifuge CFG, Darwinia Network RING, Moonbeam GLMR, Litentry LIT, Efinity EFI by Enjing ENJ and Parallel Finance.

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TIMESTAMPS
0:00 Intro to Polkadot DOT Crowdloans
2:56 What are Polkadot Parachains?
3:39 What are Polkadot Auctions?
4:28 What is a Polkadot Crowdloan?
5:42 Acala ACA
6:48 Astar ASTR
7:29 Centrifuge CFG
8:03 Darwinia Network RING
8:59 Moonbeam GLMR
9:42 Litentry LIT
10:30 Efinity EFI
11:40 Parallel Finance
12:30 Kraken Parachain Auctions

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POLKADOT VIDEOS
WHAT IS THE POLKADOT COIN?! POLKADOT VS ETHEREUM

CAN POLKADOT HIT $100 AND OVERTAKE ETHEREUM?!

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