2024

COTI

Million

Altura

Altura recently announced a $1 million Web3 Gaming Grant Fund, which will provide $50,000 each month to qualifying studios and developers based on a real-time community voting system. 
Also read: <a href="https://www.cryptopolitan.com/coti-v2-developer-network-goes-live/">COTI V2 Developer Network Goes Live With a 400M Tokens Grant Program</a> 
According to Altura’s latest Twitter announcement, the goal of this grant is to fuel innovation and creativity in Web3 gaming using a democratic voting system. It gives the community a chance to vote for projects that they believe in. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 $1M in grants to fuel innovation &amp; creativity. Introducing: the Altura Web3 Gaming Grant Fund. Every gamer matters. Are you ready? 🎮 <a href="https://t.co/XH0VSKISSN" rel="nofollow" target="_blank">pic.twitter.com/XH0VSKISSN</a>— Altura (@AlturaNFT) <a href="https://twitter.com/AlturaNFT/status/1797616828841365675?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 3, 2024</a>
</blockquote> 
<h2 class="wp-block-heading" id="altura-calls-for-applications-from-developers-and-studios">Altura calls for applications from developers and studios</h2> 
Web3 game developers and studios can now apply for the grant directly on <a href="https://grant.alturanft.com/" data-type="link" data-id="https://grant.alturanft.com/" rel="nofollow noopener" target="_blank">Altura’s grant website</a>. Once the application has been submitted, applicants will get access to a unified dashboard where they can check the status of their application and vote count in real-time. 
Also read: <a href="https://www.cryptopolitan.com/a16z-launches-600-million-game-fund/" data-type="link" data-id="https://www.cryptopolitan.com/a16z-launches-600-million-game-fund/">a16z Launches $600 Million Game Fund</a> 
<figure class="wp-block-image size-large"> 
 <figure id="attachment_535255" aria-describedby="caption-attachment-535255" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-535255 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-31.png" alt="Altura announces $1 million Web3 gaming grant fund" width="1893" height="903" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-31.png 1893w, https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-31-300x143.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-31-1200x572.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-31-768x366.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-31-1536x733.png 1536w" sizes="(max-width: 1893px) 100vw, 1893px">
 <figcaption id="caption-attachment-535255" class="wp-caption-text">
 Altura’s Gaming Grant application (Source: Altura Grant Website)
 </figcaption>
 </figure> 
</figure> 
To be eligible for voting, community members must hold $ALU coins in their wallets prior to the voting cycle. Each $ALU coin is equivalent to 1 Vote token, which can be claimed by voting for a particular project. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “It’s a direct democracy where every vote matters and your votes give you the power to champion the projects you believe in.” <cite> – Altura</cite>
</blockquote> 
<h2 class="wp-block-heading" id="how-does-the-application-process-work">How does the application process work?</h2> 
The applicants are required to fill out an application containing details of their company and the game. After that, Altura’s moderators will review the application to ensure that it is legitimate and authentic. Once approved, the company will be listed in the upcoming voting cycle. 
<figure class="wp-block-image size-large"> 
 <figure id="attachment_535264" aria-describedby="caption-attachment-535264" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-535264 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-32.png" alt="Altura announces $1 million Web3 gaming grant fund" width="1418" height="353" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-32.png 1418w, https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-32-300x75.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-32-1200x299.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/06/image-32-768x191.png 768w" sizes="(max-width: 1418px) 100vw, 1418px">
 <figcaption id="caption-attachment-535264" class="wp-caption-text">
 Gaming Grant Fund application process (Source: Altura Grant Website)
 </figcaption>
 </figure> 
</figure> 
Applications for the next voting cycle in July are currently open from 1st June to 20th June. Altura suggests companies be as transparent and detailed as possible about their projects to increase their chances of getting votes from the community. 
Cryptopolitan reporting by Shummas Humayun

Altura announces $1 million Web3 gaming grant fund

Table of Contents

Cryptopolitan_News

Other articles published on Jun 4, 2024

Solana Shows Potential for Price Increase

Tokenized Assets Begins June 30th? NEW U.S. Crypto Bills Introduced!

What Meme Coin Enthusiasts Are Saying About Ethereum's Rise

Michael Saylor Reveals Why MicroStrategy Decided To Buy Bitcoin

Bitcoin faces summer drought, trading Vol to drop ahead?

Breaking: Thailand Approves First Bitcoin ETF

Join our free newsletter for daily crypto updates!