The launch of the Metaverse Grants Program will help Chromia push the development of interconnected game worlds. It aims to provide research and technical assistance in the metaverse development process.
Since Facebook rebranded itself as Meta, the Metaverse frenzy has spilled over into every industry. The Chromia gaming system has announced an $ 80 million Metaverse grant program to further establish its stronghold as a Metaverse and Play-to-Earn (P2E) platform.
The announcement comes in partnership with notable gaming projects such as My Neighbor Alice (MNA) and Mines of Dalarnia (MoD). These large players will use Chromia’s technology in their network topology.
The recent launch of the Metaverse Grants Program aims to push the development of interconnected game worlds. The program will also award research and development grants to the most promising concepts. In addition, it will also provide documentation and technical assistance and speed up the development process. Speaking of this development, Or Perelman – COO of Chromia said:
“This is an important step for the rapid growth of our ecosystem and our presence in the blockchain games industry. We believe that the platform we are building is a game-changer, and this grant program will ensure that our technology is pushed to its full potential. “
Metaverse: working on the Chromia blockchain
As the press release notes, Chromia will function as a general purpose Layer 1 and Layer 2 blockchain platform. It has unique features that make it a powerful tool for blockchain game developers.
In addition, Chromia’s relational database also makes data storage and retrieval more efficient than traditional blockchain platforms. The Chromia blockchain platform has also dipped its toes into the world of NFTs. It states that the Chromia Originals NFT standard has very advanced features and functionality compared to Ethereum’s ERC-721 standard.
Chromia said it will also support asset sharing between multiple game titles connected to its network. So, as the gaming ecosystem grows, several complex synergies will form between several gaming economies. The Metaverse Grants Program appears to create an interconnected world full of possibilities.
On the other hand, the P2E Mines of Dalarnia adventure game has recently gained ground. It has over 100,000 users with over 4 million on-chain transactions.
Likewise, My Neighbor Alice launched their ALICE token earlier this year. This P2E blockchain-based game has gained a solid reputation among gaming enthusiasts. The Metaverse Gant program will further help My Neighbor Alice to expand their play world.
Bhushan is passionate about FinTech and has a good flair for understanding financial markets. His interest in economics and finance draws his attention to the new emerging markets of Blockchain technology and cryptocurrency. He is continually in a learning process and remains motivated by sharing his acquired knowledge. In his spare time, he reads thrillers and occasionally explores his culinary skills.