Decentraland To Make Investments $5 Million In Blockchain Gaming

PRESS RELEASE
Aug 14, 2018
1 min read

Decentraland, a decentralized user-owned virtual world on the Ethereum blockchain, plans to invest $5 million to fund blockchain gaming projects built on the Decentraland platform. To this end, it created the Genesis Content Program, through which gaming developers can submit proposals for “blockchain games” and “interactive experiences” that can be built on Decentraland.

The new plans were first outlined in an article that the company published on Medium, where it said that it plans to “welcome larger and more ambitious projects” to the platform. According to Decentraland, the new program will encourage “innovation and growth in decentralized online gaming” in addition to the $5 million in project financing which will be shared among the top applicants.

Game developers will see a massive benefit here, as they are presented with a new interactive opportunity to design their “virtual experiences” through blockchain-based games. They can provide these experiences on the platform while monetizing them with tokens.

LAND is the new innovation which is basically a virtual place of property that players can purchase through the Decentraland Marketplace. Here, game developers will need to develop their games to “fit the parcel boundaries” of the LAND, making room for more games that will be remotely accessed within the virtual platform (city) and its LAND parcels.

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