Forte proposes to use $ 500 million in Game7 with partners BitDAO, Alameda Research and Mirana

According to information from BitDAO forum, Forte proposed a $ 500 million program to accelerate the development of the blockchain ecosystem. It is a program designed and developed to accelerate the adoption and growth of the blockchain gaming industry. The funds are used for the DAO “Game7”, with BitDAO, Alameda Research and Mirana as the first partners.

Promote the blockchain ecosystem with $ 500 million for DAO Game7

Game7 will focus on three important levers to achieve greater acceptance of blockchain-enabled game economies for global platforms:

• Open source funding of public goods
• education
• Strategic capital

“Game7 will create ambitious self-measured social impact and profitability metrics based on quantifiable results and focus on community engagement. We will bring the global gamer community together and lead the transition from the current status quo to a new, more affluent metaworld, ”the proposal says.

Forte announced its partners including Gallium Studios (Will Wright, founder of The Sims), Hi-Rez Studios, Monster Ideas, Penrose, GC Turbo, Other Ocean, Kongregate, nWay, Magmic etc. BitDAO has announced over 400 million US dollars from leading gaming and Silicon Valley venture funds like Andreessen Horowitz, Griffin Gaming Partners, a16z Crypto, Griffin Union Grove Venture Partners, Battery Ventures, Canaan, etc.

Forte pledges to contribute $ 100 million or other convertible cryptocurrencies. BitDAO will replenish $ 400 million in ETH, BIT, USDC, USDT or any other asset that is in the treasury. Initial funding is $ 100 million. Forte is providing $ 20 million in funding and BitDAO is committed to $ 80 million in funding.

Source: Game7 – Proposal from BitDAO

With such a total amount, BitDAO gains ownership of Game7 for its contributions. Game7 reserves the right to accept additional community partners of blockchain gaming organizations who are interested in participating in Game7 and contributing strategic value through their voting rights. The final allocation will take place by November 5, 2021.

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