Key Takeaways
- aelf launches aelevate, a program to help Web2 gaming studios transition into the Web3 space.
- Aelevate will provide up to $150,000 in grants per studio for development and integration of games on the aelf network.
- The initiative is set to accelerate growth in the blockchain gaming sector, projected to reach $50B by 2025.
aelf, a leading layer-1 blockchain for decentralised applications, recently announced the launch of aelevate. This inaugural program is designed to enable Web2 gaming studios to transition effortlessly into the burgeoning Web3 space by offering grants, technological resources, and business support.
Bridging the Gap between Web2 and Web3
aelf’s aelevate program seeks to leverage the growing interest of traditional Web2 gaming studios in the Web3 space. Industry forecasts from Naavik and MarketsandMarkets project a significant growth trajectory for blockchain gaming. The market size is expected to reach $50 billion in 2025, a tenfold increase from 2022’s $10 billion. Daily users in blockchain gaming are anticipated to grow from 1 million in 2022 to 10 million by 2025.
The substantial funds raised for gaming and blockchain ventures further underscore this trend. According to Drakestar’s 2022 report, gaming and blockchain VC funds raised over $13B in 2022, with approximately $4B invested in nearly 400 blockchain gaming companies.
What aelevate Offers: A Comprehensive Package
aelevate aims to facilitate this anticipated growth by providing monetary grants, and technological and business support. Successful applicants will receive industry guidance and insights into key areas such as blockchain technology, interoperability, user acquisition and retention, game publishing, and cloud and AI.
Studios will also be supported in leveraging aelf’s high-performance, scalable, secure blockchain infrastructure. With aelf’s lightweight and open-source software development kits (SDKs), studios can interact with aelf’s mainchain and sidechains, and the native contract account (CA) wallet – Portkey. This enables seamless transaction and management of in-game digital assets (NFTs/Tokens), and interoperability through aelf’s cross-chain bridges.
aelf’s Commitment to Web3 Gaming Space
Tavia Wong, Head of Commercial, aelf in a statement to emphasize aelf’s mission said,
“Aelevate is aelf’s pioneering initiative to empower Web2 gaming studios to transition into the Web3 space seamlessly,” Our goal is to break the daunting barriers studios face in integrating blockchain technology into their games, particularly in the current uncertain and challenging crypto climate. Through aelevate, we are pledging our support for the Web3 gaming space.”
Source: PR News Wire
Given this notion, let’s see how users will benefit to aelf and it’s new update. Stay tuned for more!
Source
