Altura has announced the launch of the Altura Web3 Gaming Grant Fund, a $1 million initiative aimed at fostering innovation and creativity within the web3 gaming space. This fund, combined with a live community voting system, promises to empower gamers and developers alike, opening up exciting possibilities for the future of gaming.

Altura $1 Million Web3 Gaming Grant Fund 

Growth of Blockchain Gaming

Blockchain gaming is rapidly emerging as a significant force in the gaming industry, enhancing player economies and enabling true ownership of in-game assets. This shift is breaking down barriers and rewriting the narrative of what gaming can be for both users and the industry as a whole.

Recognizing this potential, Altura has dedicated $1 million to the Altura Web3 Gaming Grant Fund. This initiative will provide $50,000 in grants each month, inviting game developers and studios to submit applications for the community to evaluate.

By removing financial constraints, Altura aims to support developers and foster an environment where innovation and creativity can flourish. Each applicant will benefit from a dedicated dashboard offering full transparency on application status, go-live month, and a live vote counter.

Altura Logo

A Community-Driven Platform

The unique aspect of this grant fund is its community-driven approach. Each month, ALU holders will decide which applicant receives the grant through a transparent voting process. This system ensures that every vote counts, directly aligning funding decisions with the preferences and support of the gaming community.

"By being an ALU holder, you hold the power. With a 1:1 voting ratio, your influence grows with your ALU holdings. It’s a direct democracy where every vote matters and your votes give you the power to champion the projects you believe in," Altura stated in their announcement. A snapshot of ALU holdings will be taken before each month's opening, determining the voting power of each holder.

Helping Build and Scale

Altura's commitment extends beyond financial support. The company aims to elevate its support for developers, helping them build and scale their projects on the blockchain. While communities and gamers are the foundation of gaming projects, the true innovation and creativity come from the game developers themselves.

With this initiative, the focus shifts from what can be done, to what you will build next. Voting applications for the Altura Web3 Gaming Grant Fund open on July 1st, for more information and to stay updated with the latest details please see Altura's Twitter.