The MultiversX Foundation has introduced Growth Games, a new annual grants initiative with a budget of $1.5 million, designed to boost innovation and the adoption of blockchain-based AI products and solutions. The program aims to facilitate the creation of advanced tools such as truth-verification systems and highly automated AI agents, while also fostering a vibrant community of developers committed to decentralized technology.
Growth Games stands as the official MultiversX grants program, offering structured financial incentives, mentorship, and community engagement to support the development of transformative ideas. This initiative underscores MultiversX’s focus on advancing blockchain technology across diverse applications, including decentralized finance (DeFi), artificial intelligence (AI), infrastructure, and education.
Three Pillars of Growth
The program is structured around three primary funding pillars, each designed to address specific developmental needs within the MultiversX ecosystem:
Build Program
The Build initiative dedicates $750,000 annually to attract and onboard new builders and teams from outside the MultiversX ecosystem. This pillar operates using a Request for Proposal (RFP) model, targeting projects that address critical gaps in infrastructure, tools, and application development. The objective is to expand the ecosystem’s capabilities while encouraging fresh perspectives and technical innovation.
Accelerate Program
A $250,000 annual budget is allocated to the Accelerate program, which focuses on supporting teams already contributing to the MultiversX ecosystem. This funding aims to help these teams refine and scale their ongoing projects, driving further growth within the ecosystem.
xLaunchpad and Co-Incubation Initiative
The final pillar, xLaunchpad and Co-Incubation, reserves $500,000 each year to back over five cutting-edge projects, with each eligible for up to $100,000 in funding. In addition to financial assistance, participants gain access to mentorship, strategic advisory services, marketing resources, and community support, ensuring comprehensive backing for their ventures.
Fostering Continuous Innovation
Beyond its core funding mechanisms, Growth Games promotes ongoing engagement and creativity through initiatives such as hackathons and retroactive contributor grants. These activities aim to nurture a dynamic developer community and ensure a steady stream of innovation within the blockchain and AI sectors.
Applications to Growth Games will undergo a rigorous evaluation process managed by a dedicated review committee. Funding will be tied to measurable milestones, and recipients will be required to provide regular progress updates, including key performance indicators (KPIs), achievements, and challenges. This transparent approach ensures accountability and that resources are directed toward impactful advancements.
Driving Blockchain to the Next Level
The introduction of Growth Games represents a significant milestone for MultiversX, reinforcing its commitment to fostering innovation and growth within the blockchain industry. By allocating $1.5 million annually to empower developers, the program seeks to address complex challenges and redefine possibilities within decentralized technology.
Through this initiative, MultiversX aims to inspire innovators and builders to accelerate blockchain adoption and create solutions that will enhance everyday life. Growth Games is positioned not only to advance MultiversX’s ecosystem but also to contribute significantly to the broader blockchain and AI community, setting the stage for a new era of technological breakthroughs.
