Jacquelyn Melinek

<div id="highlights-block_620fcebd50d0c" class="highlights">
 <ul>
 <li>The ecosystem program will launch in tandem with SKALE V2, or SKALEverse</li>
 <li>The network aims to onboard billions of users and has a focus on NFTs, DeFi and Web3</li>
 </ul>
 
</div>



Ethereum-focused multi-chain network SKALE set up a $100 million grant program to fund the future of blockchain-based gaming.



The company announced the initiative at the ETHDenver conference on Friday. The capital will be used to increase and onboard applications and projects to the SKALE network.&nbsp;



<div class="wp-block-image"><figure class="alignright size-full"><img loading="lazy" decoding="async" width="300" height="300" src="https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg" alt="" class="wp-image-17630" srcset="https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg?w=300 300w, https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg?w=150 150w, https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg?w=257 257w, https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg?w=261 261w, https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg?w=219 219w, https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg?w=80 80w, https://blockworks-co.imgix.net/wp-content/uploads/2022/02/d4a71f7d-acce-42da-857f-c0b981b45e7c_Jack_OHolleran_SKALE_Co-Founder_CEO.jpeg?w=50 50w" sizes="(max-width: 300px) 100vw, 300px" /><figcaption> SKALE Co-founder Jack O’Holleran</figcaption></figure></div>



The Network of Decentralized Economics (NODE) will kick-start the program with $5 million to creators focused on blockchain gaming, play-to-earn gaming and the metaverse.



The launch is timed in tandem with the network’s next iteration, dubbed, <a href="https://skale.network/blog/into-the-skaleverse-introducing-skale-v2" target="_blank" rel="noreferrer noopener">SKALE V2</a>, or SKALEverse, which aims to optimize features like chain-to-chain transfers, creating ecosystem hubs, NFT marketplaces and faster game modes.



Like most blockchains, the network aims to onboard billions of users and has a focus on NFTs (non-fungible tokens), DeFi and Web3.



Its network helps blockchain games build experiences for users, including zero fees or gasless transactions, plus supporting interconnected and interactive blockchains, SKALE Co-founder Jack O’Holleran said in a statement.



This launch is the latest step for the blockchain gaming space writ large, which has expanded over the past 12 months and is drawing increasing attention from big-time investors and funds.



Earlier this month, Gamestop and Immutable launched a <a href="https://cms.blockworks.co/gamestop-immutable-to-launch-100-joint-fund-for-gaming-nfts/" target="_blank" rel="noreferrer noopener">$100 million</a> joint fund for gaming NFTs. In November, Forte added <a href="https://cms.blockworks.co/?s=gaming#:~:text=Forte%20Adds%20%24725%20Million%20in%20Funding%20to%20Push%20Blockchain%20Gaming%20Forward" target="_blank" rel="noreferrer noopener">$725 million</a> in funding earmarked for blockchain games in one of the largest funding rounds of the year.



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