Moonbeam Network has recently launched a $13 million funding initiative to boost its ecosystem growth in key areas such as gaming and real-world asset (RWA) tokenization. This funding package includes a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants. The initiative is part of Moonbeam’s Moonrise program, which aims to position the network as a leading solution for integrated Web3 networks like Polkadot and Ethereum.
The innovation fund is specifically targeted at attracting more games to the Moonbeam blockchain to increase gamer acquisition and retention. N3MUS is the first recipient of this fund, with the goal of merging traditional gaming with blockchain technology. Moonbeam’s partnership with N3MUS includes co-organizing events to integrate N3MUS into the network and promoting gaming projects. The collaboration also aims to connect N3MUS and other fund recipients with venture capital firms for potential further investment.
In addition to the innovation fund, Moonbeam is providing support to its parachain projects and the Moonriver canary network through ecosystem grants. The first ecosystem grant allocates 4.5 million GLMR, valued at approximately $1.5 million, to four projects on the parachain, including StellaSwap DEX, Moonwell Lending Protocol, Prime Protocol, and Beamswap. These projects are expected to launch their incentive programs on June 14. Efforts to enhance DeFi activities are also underway with a proposal for the Moonriver canary network, intending to distribute 113,618 MOVR, worth $1.5 million, to projects like Beamswap and Moonwell for liquidity provision on their platforms.
It is important to note that CryptoSlate has received a grant from the Polkadot Foundation to produce content about the Polkadot ecosystem. Despite this support, the platform maintains full editorial independence and control over the content it publishes. Moonbeam’s funding initiative and partnerships with projects like N3MUS highlight its commitment to supporting developers and reducing friction in blockchain technology. By providing funding and grants to key projects and initiatives, Moonbeam aims to strengthen its ecosystem and establish itself as a leader in the Web3 space.
Moonbeam’s collaboration with N3MUS and other projects not only demonstrates its dedication to supporting developers but also showcases its efforts to bridge the gap between traditional gaming and blockchain technology. The funding initiative and ecosystem grants provided by Moonbeam are crucial in accelerating innovation and growth within the network. With a focus on gaming and real-world asset tokenization, Moonbeam is positioning itself as a key player in the Web3 ecosystem, attracting developers and projects looking to leverage blockchain technology for various applications.
