Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth, focusing on gaming and real-world asset (RWA) tokenization. This fund includes a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants.
The funding marks the next phase of Moonbeam’s Moonrise initiative. This initiative aims to evolve the parachain into a leading solution for integrated Web3 networks, including Polkadot and Ethereum.
One standout feature is the focus on gaming, with N3MUS selected as the first recipient of the innovation fund to develop a gaming-focused ecosystem. N3MUS aims to merge traditional gaming with blockchain technology, enhancing gamer acquisition and retention.
Additionally, the ecosystem grants will allocate 4.5 million GLMR, valued at $1.5 million, to four projects on the parachain, including StellaSwap DEX and Moonwell Lending Protocol. These projects will launch their incentive programs on June 14.
Efforts are also underway to enhance DeFi activities on the Moonriver canary network with a proposal to distribute 113,618 MOVR, worth $1.5 million, to DeFi projects like Beamswap and Moonwell.
This funding initiative strategically positions Moonbeam to become a leading integrated Web3 network, enhancing both its gaming and DeFi ecosystems.
