$500M blockchain gaming proposal Game7 to come online with backing from industry veterans


As noted in a prepared statement obtained by Cointelegraph, Game7 is an upcoming decentralized autonomous organization that is accelerating the Blockchain Ecosystem, or DAO, with the goal of integrating players from around the world into the blockchain ecosystem. Devices supporting this offering include BitDAO, Forte, Alameda Research, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana Ventures. Meanwhile, Forte Labs and Magnus presented their creation.

Together, Forte will provide $100 million in fiat and cryptocurrencies, while BitDAO will provide $400 million in treasury crypto assets such as Ether (ETH) and Tether (USDT). Funds are released for five years.

First, 15% of the funds will be allocated to grants that promote research, development, tools, and compliance for new blockchain games. Then 5% of the money will be spent on training developers to build a token economy. Finally, 80% of the money will go directly to game studios and DAOs. In the distribution proposal, BitDAO will retain most of the intellectual property rights, while most of the management rights will be transferred to the community partners.

Forte creates secure economic technologies for blockchain games. As for BitDAO, it is one of the largest decentralized treasuries in the world with billions of dollars in assets. Brian Lee, partner at Alameda Research, a quantitative trading company involved in the project, commented on the development:

Games have become one of our major investments this year, and we are excited to be a part of Game7.io and work with Forte, our token-based gaming infrastructure, BitDAO and Mirana Ventures to support amazing game developers and accelerate the blockchain. Adoption of the game.



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