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Starknet Foundation Launches Gaming Committee With $120M Funding

Starknet Foundation launches a $120M Gaming Committee to boost its GameFi ecosystem and attract both developers and players

The Starknet Foundation has announced the creation of a dedicated Gaming Committee to propel its gaming ecosystem forward. With an impressive budget of $120 million, the committee is set to design and recommend programs that not only attract developers to build games on Starknet but also incentivize users to engage with these games. This strategic move underscores Starknet’s commitment to becoming a leading force in the GameFi sector, which is currently experiencing rapid growth within the crypto space.

Strategic Phases and GameFi’s Booming Market

The Gaming Committee’s roadmap is structured into three critical phases: analysis, strategy, and execution, aiming to streamline the development and user engagement processes. Starknet’s focus on GameFi comes at a time when the sector is seeing remarkable 24-hour growth, with its market cap soaring to $32 billion. By allocating 50 million STRK tokens to fund proposals, the Starknet Foundation is significantly investing in the potential of blockchain gaming to revolutionize the industry.

Expertise and Backlash Management

Comprising six experts from diverse backgrounds, including Starknet Foundation, StarkWare, Unstoppable Games, Focus Tree, Cartridge, and Loot Realms, the committee brings a wealth of knowledge and experience to the table. Despite facing backlash over airdrop allocations and team unlocks, StarkWare CEO Eli Ben-Sasson reaffirms their dedication to making Starknet a foundational component of the global economy, emphasizing the long-term commitment of Starknet’s ecosystem to innovation and growth.

Airdrop Controversies and Crypto Community Response

The airdrop allocations of STRK tokens have sparked widespread discussion and discontent within the crypto community, particularly due to discrepancies between expected and actual eligibility. However, substantial allocations for web3 developers and the defense of the airdrop’s design by figures like Jason Choi of Tangent highlight the nuanced considerations behind such initiatives. As Starknet navigates these challenges, its potential to host a billion-dollar airdrop underscores the high expectations and excitement surrounding the project’s future.

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