Leading layer-1 blockchain platform, aelf, introduces aelevate, aimed at assisting Web2 gaming studios in transitioning to Web3. The program provides grants of up to $150,000 per studio, aiding developers in integrating, building, and launching blockchain games on the aelf network.
The move comes in response to promising industry forecasts, with market size projections reaching 50 billion in 2025, up from 10 billion in 2022. Furthermore, daily users in blockchain gaming are expected to grow tenfold by 2025. In preparation for this growth, aelevate offers participating studios financial and technical support and industry insights on blockchain technology, user acquisition, game publishing, and more.
aelf’s high-performance, scalable, and secure blockchain infrastructure will be accessible to studios, facilitated by lightweight and open-sourced software development kits. This includes SDKs for aelf’s mainchain and sidechains and for aelf’s native contract account (CA) wallet – Portkey, supporting the transaction and management of in-game digital assets. Studios can also govern their game mechanics and enjoy cross-chain interoperability with aelf’s cross-chain bridges.
Tavia Wong, Head of Commercial at aelf, expressed the program’s significance, stating:
“Aelevate is aelf’s pioneering initiative to empower Web2 gaming studios to transition into the Web3 space seamlessly. Through aelevate, we are pledging our support for the Web3 gaming space as we provide crucial infrastructural support and expert industry guidance for our participants to thrive and succeed in this new Web3 frontier.”
Open to all game developers, aelevate’s application period runs until 30 September 2023, with the first round of grants set to be awarded in October 2023.