After getting back up by Gaming industry veterans Game7, a 500 million online gaming proposal coming up online
Game7 is an online blockchain-based ecosystem that will onboard gamers worldwide using the creative ecosystem they are developing. The majority of the fund is provided by BitDAO, one of the quickest growing decentralized treasury.
The proposal is being backed by several different reputed firms such as Forte, BitDAO, Alameda Research, Solana Ventures, Warner Music Group, Avalanche, OP Games, Interchain Foundation, Off-chain Labs, Mirana Ventures, Polygon Studios, and Aleo. The creation of this platform was proposed by Magnus and Forte labs. 400 million worth of crypto assets which are in the form of Ethereum and Tether (USDT), will be provided by BitDAO, and the rest of the 100 million will be provided by Forte in Fiat currencies.
The intellectual property rights would be retained by BitDAO, and the other governance rights will be distributed among the community partners. 15 percent of the money would be initially used to promote tooling, development, research and regulatory compliance of the soon to be developed blockchain games. To educate developers on how to build token economies, 5 percent of the funds would be dispensed. Lastly, the rest of the 80 percent funds would be provided directly to the DAOs and Game Studios. Forte specializes in building specialized and secured economic technology for blockchain games.
