Web3 games marketplace based in India Tegro has launched a one-million-dollar award for web3 game creators. Developers can apply for up to $25,000 in funding for their projects with no strings attached. Successful candidates will receive advice on how to improve the quality of their web3 games from a founding team with extensive expertise creating games and designing high-liquidity markets.
“We are excited to invite developers to collaborate with us,” says Siddharth Menon, CEO and co-founder of Tegro. “Game development and publishing are in itself complex processes. Developers may not be completely conscientious of the slate of activities behind these words, let alone the complexities involved with building web3 games with economies that are sustainable and can stand the test of time.
Through the first Tegro grant we hope to bring users a new class of games worthy of actually being games, rather than a collection of poorly cobbled together websites and weak economies that eventually end up being rug pulls.” He added.
Tegro just unveiled Tegronomics to go along with this. This is a collection of economic frameworks created by industry leaders in crypto, gaming, and economics that game creators may use to create a long-term and scalable economy in their games.
The economic framework promotes the use of fungible tokens (FTs) as a major component of economy design, based on the premise that game economies should be constructed on top of FTs rather than NFTs to boost both trade frequency and liquidity, as well as make massive fund deployment much easier.