The Root Network (TRN), a metaverse-centric Web3 platform, has introduced the “TRN Odyssey” initiative, a $10 million program designed to foster promising blockchain gaming projects. TRN Labs, the organization responsible for managing the platform’s ecosystem, has allocated the funds to support developers utilizing its Layer-1 blockchain infrastructure. Game developers working on Web3 projects are encouraged to apply.
Tailored Funding Opportunities for Developers
The initiative offers investment opportunities ranging from $10,000 to $1 million. Developers of smaller or mid-sized projects can apply for the Root Ignite program, which provides grants of up to $200,000. For larger-scale projects, the Root Nexus option offers funding up to $1 million. The application process involves submitting a detailed form via the Odyssey webpage. TRN Labs will conduct internal evaluations to shortlist candidates for interviews, where they will assess the project’s vision and viability. The final selections are expected to be announced in the second quarter of 2025.
Access to Industry Expertise and Strategic Partnerships
Selected participants will benefit from extensive networking opportunities, including access to venture capital connections and mentorship from leading figures in the gaming and blockchain industries. TRN Labs has also committed to providing winners with exclusive entertainment industry partnerships, incorporating well-known intellectual properties like Futureverse’s Ready Player One into their projects.
Web3 Gaming Growth and Competitive Landscape
The Web3 gaming sector has experienced substantial growth, with DappRadar’s Blockchain Gaming Yearly Report 2024 highlighting a 421% increase in daily Unique Active Wallets (UAW), reaching 7.4 million by the end of 2024. On-chain gaming transactions also surged, hitting 5.7 billion over the year. Despite this impressive growth, TRN has yet to secure a position among the top ten most utilized gaming blockchains, a space currently dominated by platforms such as Ronin, Polygon, Nebula, and Near Protocol. Notable games like Pixels, World of Dypians, and Treasure Ship Game emerged as major successes in 2024.
Uncertain Industry Dynamics
While the Web3 gaming sector is expanding, challenges persist. Recent reports suggest that members of Arbitrum’s decentralized autonomous organization (DAO) are debating the discontinuation of its Web3 gaming fund, citing sustainability concerns amidst market fluctuations. In contrast, companies like Walmart are expanding into metaverse gaming through collaborations with platforms like Minecraft. Additionally, BNB Chain acknowledged a decline in blockchain gaming activity in 2024, partly due to the rising popularity of memecoins and AI applications.
Industry Predictions for 2025
According to the Blockchain Game Alliance (BGA), the Web3 gaming landscape is expected to witness further advancements in infrastructure, enhanced Web3 integration, AI-driven customization, and improved interoperability in 2025. Founded in 2018, BGA serves as a global non-profit organization advocating the adoption of blockchain technology in gaming.
Through the TRN Odyssey initiative, TRN Labs aims to accelerate innovation and attract more developers to its platform, contributing to the future growth of the Web3 gaming sector.
