"Revolutionary Moonbeam Network Secures $13M Funding for Gaming, RWA, and More - What Will This Mean for the Future of Cryptocurrency?"
a smart contract platform that accelerates Web3 integration, announced$ 13 million in development support for gaming, real- world means, the Moonriver canary network, and other pivotal target areas.
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The backing includes a new$ 10 million Innovation Fund, a$1.5 million Moonbeam ecosystem annuity, and a$1.5 millionMoonrivergrant.Moonbeam Reveals$ 13M Backing to Advance Key Areas Including Gaming, RWA.
Moonriver Network June 13, 2024 By Crypto Reporter PR Moonbeam Network, a smart contract platform that accelerates Web3 integration, announced$ 13 million in development support for gaming, real- world means, the Moonriver canary network, and other pivotal target areas.
The backing includes a new$ 10 million Innovation Fund, a$1.5 million Moonbeam ecosystem annuity, and a$1.5 million Moonriver annuity. The Innovation Fund's first investment is in N3MUS, which is assigned with erecting a gaming-specific ecosystem around Moonbeam.
N3MUS is devoted to bringing Web3 gaming to the mainstream by combining traditional gaming with blockchain technology. The thing of this cooperation is to attract farther games to Moonbeam, increase the number of gamers, and increase gamer accession and retention.
“ The Innovation Fund demonstrates Moonbeam's commitment to supporting formulators concentrated on reducing user disunion with modern blockchain technology, ” said Sicco Naets, Head of Ecosystem Development at the Moonbeam Foundation.
“ N3MUS shares our vision to bring web3 to a wider cult of gamers, and we are proud to mate with them as the first investment from the Innovation Fund. ” This backing announcement is part of Moonbeam's new action, Moonrise.
which marks the coming phase in the elaboration of leading results for integrated Web3 networks, including Polkadot, Ethereum, and the broader EVM ecosystem.
Moonbeam will introduce N3MUS and other Innovation Fund benefactors to its Venture Capital network, including Arrington Capital, CoinFund, Scytale Digital, Metazero Capital, AD8 fleck Play, and more, with implicit for further investment and cooperation openings.
The deep strategic cooperation between Moonbeam and N3MUS includes hosting physical and virtual events, integrating N3MUS features on Moonbeam, and common creation to combined gaming manufactories and systems.
“ We are honored to be the first investment from the Moonbeam Innovation Fund, ” said Neal Peters, CEO of N3MUS. “ This cooperation marks an important corner for N3MUS as we work to bridge the gap between traditional gaming and blockchain technology.
Moonbeam provides the perfect foundation for us to produce a thriving gaming ecosystem. We are committed to bringing multitudinous high- quality games to Moonbeam and are working nearly with all the games presently developing on the platform.
Together, we will drive the future of gaming on Moonbeam, attracting and retaining gamers while bringing Web3 gaming to the mainstream. ” Alongside the new Innovation Fund, Moonbeam announced two separate annuity programs across Moonbeam's main parachain and Moonriver's canary network.
Unanimously, the Moonbeam community approved the distribution of the network's third season of Ecosystem grants, totaling4.5 million GLMR( approximate value of$1.5 million), to StellaSwap( DEX), Moonwell( Lending Protocol), Prime Protocol(Cross-Chain Interaction) and Beamswap( Innovative Product).
All four Decentralized Finance protocols will launch their separate GLMR incitement programs on Friday, June 14. This week, a offer was revealed to scale DeFi on Moonriver through a annuity of 113,618 MOVR( estimated value of$1.5 million) to Beamswap, Moonwell, and others.
The offer, which is subject to blessing from the Moonriver community, is to help fund AMM Beamswap V3 development, liquidity in AMM Beamswap, liquidity in Moonwell deployments on Moonriver, and fresh community enterprise aimed at adding exertion in the Moonriver ecosystem.
ABOUT THE MOONBEAM NETWORK Moonbeam accelerates Web3 integration through results that remove disunion and meliorate the user experience. Moonbeam enables formulators to efficiently make decentralized operations that operate seamlessly through different blockchain networks.
Moonbeam launched as Polkadot's first parachain in January 2022, creating a new path for blockchain interoperability with EVM-compatible platforms on Substrate. Growing to include further than 300 operations, the Moonbeam platform uses integratedcross- chain messaging to enable formulators to produce smart contracts that pierce services across multiple remote blockchains.
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