Coliseum announces $2 million investment fund to support Web3 games

French e-sports platform Coliseum announced an allocation of US$2 million to support blockchain-based gaming projects.

Selected projects will have access to Coliseum’s ecosystem, including a network of millions of gamers and expert guidance in marketing and expansion. The program aims to address key challenges faced by developers in the blockchain gaming space, such as limited funding, audience engagement and promotional barriers.

Applications for the fund are now open and are targeting projects that show strong growth potential and align with the platform’s vision for the future of gaming.

Why is this investment significant for blockchain gaming?

Despite its continued growth, blockchain gaming still faces structural challenges that limit its potential.

The global Web3 games market will be worth US$26.38 billion by 2023, and developers often struggle to obtain funding, build audiences, and effectively market their projects. These barriers can prevent innovative ideas from reaching the market and slow down the overall progress of the industry.

Coliseum’s $2 million fund aims to directly address these challenges. Financial investments of US$50,000 to US$250,000 per project will provide critical resources to emerging developers. In addition to monetary support, Coliseum offers integration with its ecosystem of 2.5 million gamers, allowing projects to immediately reach their intended audience.

By combining funding, audience access and strategic guidance, Coliseum’s program provides a multi-faceted approach to catalyze innovation in the web3 gaming space.

How does the program apply for funding?

Applications for the fund are open to a variety of blockchain gaming projects, including game studios, esports associations and other web3-focused teams.

Developers are invited to submit proposals through the application form on Coliseum’s official announcement, outlining their project goals, growth potential, and alignment with Coliseum’s mission of enhancing the blockchain gaming ecosystem.

Selected projects will not only receive financial support, but will also be integrated into the Coliseum platform, including access to its gaming community, marketing resources and expert guidance to help ensure the success of the funding program.

Projects are evaluated based on their innovative potential and contribution to the development of web3 games.