The Web3 Foundation has awarded Dot Play a Decentralized Futures Grant to boost Polkadot’s gaming sector.

According to a July 3 statement, Dot Play is tasked with creating a comprehensive platform for game developers using Polkadot’s advanced technology. The project will focus on high-growth gaming genres by building essential integration tools and offering sustainable business support within the Polkadot ecosystem.

Dot Play will provide a gaming portal to onboard new developers and support various initiatives, including the Indy 500 Polkadot Car sponsorship.

Additionally, Dot Play will offer technical integration to guide projects by evaluating their Game Design Documents (GDD). This will help develop blockchain solutions that integrate seamlessly with Polkadot’s technology.

The grant will also enable Dot Play to facilitate ecosystem tooling and partnerships. This includes developing SDKs for Unity and Unreal and other crucial game development tools for Polkadot.

The Web3 Foundation emphasized that the grant will enable Dot Play to create a sustainable and thriving gaming ecosystem within Polkadot. The firm is expected to evolve with community feedback and adapt to the latest gaming and blockchain trends.

In the future, Dot Play plans to seek additional funding and partnerships to support more gaming projects.

The Dot Play team features experts from the blockchain and gaming industries. Key members include Signum Growth CEO and founder Angela Dalton, who 20 years of experience as a gaming analyst, investor, and board member.

Other notable members include Visible Realms CEO Eliza Jäppinen, gaming parachain Ajuna co-founder Nick Douzinas, and Keshav Holani, an analyst specializing in video games and Polkadot.

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Web3 Foundation and Parity Technologies, key players in the Polkadot ecosystem, have disclosed their financial independence from the network’s on-chain treasury.

The CEOs of the two companies revealed their “significant financial runway” after recent reports raised concerns about the blockchain’s financial health.

Parity Technologies is the blockchain infrastructure behind Polkadot, and the Web3 Foundation supports the network’s growth through funding and research.

Financial independence

Fabian Gompf, CEO of Web3 Foundation, clarified that the foundation has over five years of financial runway without selling DOT tokens.

Gompf further dismissed the concerns about the treasury as misleading, noting that “the treasury has continuous inflows [and is] never going to run out of funds.”

However, Gompf suggested that the treasury should focus on initiatives not covered by the foundation. He criticized recent spending on low-return activities and urged the community to vote for change.

Similarly, Björn Wagner, CEO of Parity Technologies, supported Gompf’s views. He noted that both organizations have significant financial independence from the on-chain treasury, which receives ongoing inflows.

While Wagner agreed with concerns about the recent spending, he highlighted Polkadot Governance as a leading and evolving DAO that has “plenty of opportunity for those seeking to be part of building this exciting future.”

Industry recognition

Meanwhile, Polkadot’s treasury report has garnered significant praise for its transparency within the crypto community.

Mikko Ohtamaa, CEO of Trading Strategy, commended the network for its unprecedented transparency and accountability in the blockchain industry. He said:

“Public blockchains and foundations should be transparent, as they are morally responsible for token holders (even if not legally). Polkadot led the way here. Being transparent exposes past misdeeds, and you can redeem your sins. There can be a change of a direction, turning a new page.”

Several community members have advised other crypto projects to follow Polkadot’s lead and release their treasury reports. According to them, some of these projects might be spending more on ineffective activities without disclosing their financial status to their communities.

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The Web3 Foundation has launched a prize pool of 10 million DOT tokens, equivalent to approximately $65 million, to support the implementation of the highly anticipated Join-Accumulate Machine (JAM) upgrade to the Polkadot’s ecosystem.

On May 27, Polkadot’s founder, Gavin Wood, revealed that the project’s community had ratified the proposed upgrade with a near-unanimous governance vote.

JAM Implementers’ Prize

The Foundation said its initiative aims to foster innovation and enhance the Polkadot ecosystem through diverse implementations of the JAM protocol, thereby increasing the network resilience.

The prize encourages the creation of JAM implementations in various programming languages, including OCaml, Go, and Zig.

To qualify, participants must meet specific milestones such as importing and producing blocks, achieving performance standards on Kusama and Polkadot, and passing security audits.

The initiative is designed to ensure the development of a decentralized network capable of handling various computational tasks.

Web3 Foundation said:

“JAM is an evolutionary, minimalist blockchain protocol designed to enhance data management and interoperability within the network. It will ensure that Polkadot continues to provide the leading standard when it comes to the security, flexibility, and scalability of blockspace.”

Furthermore, the upgrade introduces revolutionary scalability to the consensus layer, previously achievable only through rollups. This innovation removes the need for developers to choose between appchains and smart contracts.

The foundation said that JAM provides a versatile environment for ensuring Layer 2 (L2) scalability without relying on roll-up solutions and meeting the diverse needs of any application. It added that the strong community support for JAM indicates a readiness to embrace decentralized innovation while maintaining high standards.

Although the timeline for the upgrade is currently unknown, the implementation will proceed through five steps, including importation, authoring, speed checks, and security audits.

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