$500M blockchain gaming proposal Game7 to come online with backing from industry veterans

$500M blockchain gaming proposal Game7 to come online with backing from industry veterans


As outlined in a prepared statement obtained by Cointelegraph, Game7 is an upcoming $500 million blockchain ecosystem acceleration decentralized autonomous organization, or DAO, with the goal of onboarding gamers worldwide to the blockchain ecosystem. Entities backing the proposal include BitDAO, Forte, Alameda Research, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP Games, Polygon Studios, and Solana Ventures. Meanwhile, Forte Labs and Magnus proposed its creation.

1/ BIP-5 has passed! @Game7_Official will be established by a diverse group of gaming and technology industry veterans, and will help create a future where blockchain and gaming unites! https://t.co/dZxqjMwpIk pic.twitter.com/Nxd5L4fgyD

— BitDAO (@BitDAO_Official) November 16, 2021

Together, Forte will commit $100 million in fiat and crypto while BitDAO will commit $400 million worth of crypto assets in its

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