Restoring Faith in Web3 Gaming: Introducing the Crypto Gaming Recovery Fund
The Web3 gaming space has seen its share of ups and downs, but the recent wave of project failures has been tough on everyone. Players have lost countless hours and significant financial investments, and it’s taken a toll on the entire ecosystem.
That's why Splinterlands, in partnership with the SPSDAO, is taking a stand. We're incredibly excited to announce the launch of the Crypto Gaming Recovery Fund.
A New Standard for the Industry
The Recovery Fund is a groundbreaking initiative designed to do more than just provide a bailout. It's a long-term, community-driven effort to support players who have been impacted by the collapse of other blockchain games. With an initial commitment of over $500,000, and the potential for even more funding over the next seven years, we're putting our resources toward a core belief: a healthy ecosystem is a resilient one.
For over seven years, Splinterlands has been a beacon of consistency, innovation, and community trust. We believe it's our responsibility to use our experience to help restore faith in Web3 gaming.
How It Works
This isn't just about financial relief; it’s about rebuilding. The Crypto Gaming Recovery Fund is structured to provide both tangible value and a renewed sense of purpose.
Our Core Objectives: - Offer Long-Term Relief: We're providing a structured, transparent program to deliver meaningful relief to players from failed Web3 games. - Provide Verified Redemption: We’ll use a fair, verified system of Claim Tokens to ensure relief is delivered to those who need it most. - Create New Opportunities: This program isn't just about recovering losses—it’s also a stable on-ramp into the Splinterlands ecosystem, one of the longest-running and most-played blockchain games in the world.
A Community Effort
This program is seeded by a community-wide effort, with initial contributions from both Splinterlands and the SPSDAO. We'll also be accepting donations from our community and partners. This collaborative approach makes it more than just a company initiative; it makes it a shared mission to lift up our entire space.
As our COO, Dave McCoy, said: “This is a turning point for how we respond to failure in our industry. The Recovery Fund is about rebuilding—not just trust, but opportunity. And we’re proud to lead that charge.”
We believe this is a crucial step toward building a more stable, trustworthy, and player-focused future for Web3 gaming. We look forward to welcoming those who have been affected into our thriving community.
For more information and to learn how to participate, please visit our official page: splinterlands.com/cgrf
Stay tuned for more updates as we roll out this exciting new program!