Game7 launches 0M grant program to foster Web3 game development

Posted by bitdeal on December 1st, 2022

A 46-page report published by Game7 last month outlined the challenges faced by web3 game developers. The report found several key areas that required attention while developing games for the metaverse. Among these was Chain Selection, which involved selecting the optimal chain by comparing transaction fees throughout.
Next came Smart Contract Development. According to the report, the number of credible repositories specifically providing pre-audited smart contracts for game dev use cases was low, which posed a huge challenge
According to a report published by Luisa Zhou earlier this week, the overall metaverse market size is estimated to be .5 billion. Web3 games account for a significant chunk of this figure and bring in about 400 million active users.
According to game analytics firm App Annie, metaverse gaming apps will likely generate over billion by the end of this year. Decentraland, ROBLOX, and The Sandbox are some of the largest games in this space.
Thus web3 games reshape the way, both the players & gamers make money via gaming platforms.
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