rewrite this content using a minimum of 1200 words and keep HTML tags
French esports platform Coliseum has announced a $2 million fund to support blockchain-based gaming projects.
Selected projects will gain access to Coliseum’s ecosystem, including a network of millions of gamers and expert guidance on marketing and scaling. The initiative aims to address key challenges faced by developers in the blockchain gaming space, such as limited funding, audience engagement, and promotional barriers.
Applications for the fund are now open, targeting projects that demonstrate strong growth potential and align with the platform’s vision for the future of gaming.
Source: ColiseumWhy is this investment significant to blockchain gaming?
Blockchain gaming, despite its growth, continues to face structural challenges that limit its potential.
With the global web3 gaming market valued at $26.38 billion in 2023, developers often struggle to secure funding, build an audience, and effectively market their projects. These barriers can prevent innovative ideas from reaching the market, slowing the overall progress of the industry.
Coliseum’s $2 million fund aims to directly address these challenges. Financial investments ranging from $50,000 to $250,000 per project will provide critical resources to emerging developers. Beyond monetary support, Coliseum offers integration into its ecosystem of 2.5 million gamers, giving projects immediate exposure to an established audience.
By combining funding, audience access, and strategic mentorship, Coliseum’s initiative offers a multifaceted approach to fostering innovation in the web3 gaming sector.
Source: ColiseumHow do projects apply for funding?
Applications for the fund are open to a variety of blockchain gaming initiatives, including game studios, esports guilds, and other web3-focused teams.
Developers are invited to submit proposals outlining their project goals, growth potential, and alignment with Coliseum’s mission to enhance the blockchain gaming ecosystem via the application form on the official Coliseum announcement.
Selected projects will receive not only financial backing but also integration into Coliseum’s platform, including access to its gaming community, marketing resources, and expert mentorship to help ensure the success of funded projects.
Projects are evaluated based on their potential to innovate and contribute to the evolution of web3 gaming.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
