Moonbeam Announces $13M Investment in Gaming, RWAs, and More

IconCryptoNewsTerminal Staff13 Jun, 2024

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Moonbeam Announces $13M Investment in Gaming, RWAs, and More

Moonbeam, the Polkadot-based Ethereum-compatible parachain, has announced plans to invest a substantial sum of $13 million in various initiatives, including gaming, real-world assets (RWAs), a canary network, and the development of Moonriver. This funding will be allocated as follows: - $10 million from Moonbeam's innovation fund - $1.5 million from the Moonbeam ecosystem grant - $1.5 million from the Moonriver grant This investment demonstrates Moonbeam's commitment to fostering innovation and enhancing its offerings across various domains. The funds will be utilized for projects that advance the growth and development of the Moonbeam ecosystem.