Are you excited about the metaverse? Many people are. The last few years have seen a renewed interest in the concept of the metaverse, with billions of dollars being pumped into different platforms and projects.
One type of project that has proven particularly popular is that of blockchain gaming, which makes sense given the popularity of gaming. But there is still the need to support projects that are entering this space.
After all, support systems already exist for other industries, and the metaverse gaming sector should have the same. Thankfully, this need is being met through GamePad, a decentralised launchpad for gamefi and metaverse gaming projects.
The project recently came off a successful funding round that saw it raise $2.5 million from its top backers, Enjin and OkEx Blockdream Investors. Now, the company is working to begin offering support to new and promising gaming projects.
How GamePad Works
For teams entering any emerging field, especially one as complex as metaverse gaming and gamefi, is bound to be a taxing process and one that will need a lot of support to get through. This, in essence, is what GamePad provides for these projects.
First, GamePad has a council that is made up of experienced members of the gaming community including developers and gamers themselves. Projects that get accepted into the GamePad program will have access to this council for support and expertise.
Projects that are accepted will receive between $50,000 and $100,000 in initial investment and this will go towards their project development. GamePad will also support them in terms of finding investors through its network of over 200 potential investors.
Accepted projects will be able to pitch to this network and potentially receive support from the investor pool. They will also have access to a wide support team that touches on every aspect of gaming development including gaming designers and other service providers at all levels.
Most projects that launch within the NFT and gamefi space typically have NFTs attached to them and one of the major challenges they often face is marketing these NFTs. This is why GamePad offers a distribution network to help these projects market and sell their NFTs once launched.
To enjoy all of these, interested projects need to apply to GamePad and if they are accepted, can begin their accelerator journey.
Accelerating the Metaverse
Besides its endless possibility, one thing that has been impressive about the metaverse is the speed through which it is being adopted. Likely a side effect of the rise of blockchain in the last decade, metaverse projects have hit the ground running and show no signs of slowing down.
In many ways, this is why the work that GamePad is doing is so important. By making sure that promising projects get their foot in the industry door as easily as possible, the place of the metaverse can be solidified faster and with more ease.
This is a sentiment shared by Enjin and OkEx Blockdream Ventures, the two major investors in GamePad. As an official statement from the two recently said, “ We are already seeing that GameFi, blockchain gaming, and game NFTs without a doubt will be the biggest disrupter to the gaming industry and we are extremely excited to back a company like GamePad that taps into this booming disruptor space.”
More announcements will be made from GamePad as major milestones are approached and met within its roadmap for the year.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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