Best P2E Games

Quadratic Funding in Web3

Quadratic Funding in Web3

Game Review 

Understand Quadratic Funding in Web3

Back in the day, getting funds for open-source and decentralized projects in a traditional way wasn’t always easy. Besides crowdfunding, researchers have put forward a new way to get funds. Especially, in Web3, there is a new way that can help a lot of Gamefi projects to win grants and funding. This article will discuss quadratic funding and how this new mechanism helps Web3 projects raise funds. Presently, open-source developers are generating significant economic worth. In the future, open-source software (OSS) will make it easier to make high-precision services that don’t rely on surveillance and allow users to move their data from one platform to another. Developing such products will demand the devotion and skill of committed developers. However, the actual challenge lies in incentivizing developers sufficiently to build and sustain these open systems.

What is Quadratic Funding?

You might be thinking about having mathematics or Algebra knowledge to understand it. Well, the good news is that this is not the case, it is simple to understand. Apart from its name, Quadratic Funding is a groundbreaking technology with the potential to bring positive change to the way communities gather funds for various causes, rendering the process more equitable and democratic. Hence, the question arises – what precisely is Quadratic Funding? 

According to Gitcoin, “Quadratic Funding” is the most mathematically effective approach to financing public goods within a democratic community.” This statement might sound puzzling, but it is not too complex, and you do not need an Einstein brain to grasp the concept.

Understanding Quadratic Funding

To put it simply, a Quadratic Funding campaign comprises three key players: the ordinary citizen, the major donor, and the grantee – an individual or an initiative that is seeking funds for their project. The grantee presents a proposal for which they require funding, such as developing a new DeFi protocol to offer banking services to rural and remote communities, and their project becomes a part of the pool of all other proposals.

Afterward, the common citizen can peruse all the grant proposals. Moreover, they will choose the ones they desire to endorse by contributing a small amount. The captivating feature of this scheme is that even the most meager donation, for instance, $1, can make a substantial difference. This is where prominent donors play a crucial role.

To better understand, let’s illustrate an example here. Let’s say, there are two projects, project A and project B. Project A has 10 donors comprising common people, each donating $1. The total funding will reach $10 for A. Then we have project B with two donors donating $6 each, amounting to $12. According to Quadratic Funding, project A will receive more matching funds than B despite raising less. 

This magnifies the influence of minor contributors, ensuring that they have a say in how community funds are allocated. It also guarantees the initiatives with the most extensive backing secure the financing that they merit.

How does Quadratic Funding help in Crowd Funding in Web3?

Although Quadratic Funding is still relatively new, it is gaining tremendous momentum. Gitcoin Grants is a prime illustration of the potential of Quadratic Funding. It has garnered extensive backing from the Ethereum community and major contributors like az16.

The outcomes have been extraordinary, with the Ethereum community alone amassing over $4 million USD through Quadratic Funding campaigns, and this is just the beginning. Quadratic funding can and should be implemented by communities worldwide to impartially distribute funding for public goods and charitable projects.

Community foundations and local groups often host fundraising campaigns, where they match the funds raised, typically $1 for $1. Nevertheless, this could signify that an individual contributing $1000 would receive the same match as a thousand individuals who each donate $1, even if the latter campaign has significantly greater community backing.

Furthermore, as mentioned earlier, Quadratic Funding employs a unique formula to determine how contributions are matched. This formula guarantees that matching is unbiased and free from external interference. It is solely based on mathematical calculations.

Finally, and perhaps most crucially, Quadratic Funding presents an incredible opportunity to rally community members around public good causes by providing them a voice, regardless of their financial status. Quadratic Funding is the ultimate fundraising tool for financial inclusivity. It could get millions of people to donate to fundraising campaigns who might not have done so before. Many feel down realizing that their contribution would have minimal impact. Simply put, it makes each person’s contribution have the most impact possible, which encourages more people to join in.

Play to Earn Games News

Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You’ll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games. Check out our Top Games and game lists to discover the best play-to-earn games. And don’t forget to read our fresh daily game news to stay up-to-date on the latest developments in the world of gaming. With our video game review site, you’ll have everything you need to explore, discover, and enjoy the best P2E games out there. If you have PlayToEarn Game News, please contact us. If you are launching a game, or have PR around a new game, send it and our PlayToearn Game news writers will cover it.

Quadratic Funding in Web3

If you like this game, share it with your friends:


Find our Best P2E Games list. All games are included with reviews and links to the game review page. Have Fun!

More Games

Related P2E Games: Play To Earn Crypto, NFT, Web3

Legends Reborn – Game Review

A strategic card game where you collect cards and creatures, building adaptable decks to conquer any challenge. Legends Reborn captivates players with its immersive and enthralling gameplay, plunging them into the intricate art of deck-building and unleashing their competitive spirit. Within its depths lies a treasure trove of diverse cards and awe-inspiring creatures. It empowers players to meticulously craft, refine, and adapt their decks with an unwavering determination to triumph over any adversary that dares to challenge them. Additionally, this PVP-focused CCG unfurls within an extraordinary and distinct fantasy realm, meticulously fashioned by the immensely skilled team at Kung Fu Factory. Prepare to be enchanted as you delve into the game’s realm adorned with exquisite hand-drawn aesthetics. Above all, heroes, creatures, and personally-owned venues come alive with vibrant detail and imaginative design.

Read Game Review »

Age of Dragons: Blockchain Tale in the Age of Dragons and Zombies – Game Review

“Age of Dragons” is a blockchain game that allows players to earn rewards while they explore a world filled with dragons, zombies, and other mythical creatures set in a medieval environment. It offers a unique twist on the popular genre of fantasy games. Enter a cursed medieval metaverse filled with mythical creatures in control of various lands. Get ready for a thrilling and exciting experience as you earn real money in this unique blockchain game. Choose from seven element-based dragons, each with their own specific role and two abilities. The Ice Element dragon is a resistant DPS, able to withstand heavy attacks while still dealing significant damage. The Plant Element dragon is a versatile all-rounder, able to adapt to a variety of situations. The Electric Element dragon is a ranged DPS, specializing in long-range attacks. The Water Element dragon is a damage reliever, able to mitigate incoming damage and support allies. The Earth Element dragon is a tank, able to absorb hits and protect their team. The Fire Element dragon is a physical DPS, focusing on close-range combat and dealing heavy blows. Finally, the Air Element dragon is the main healer, able to restore the health of their allies and keep them in the fight. Upgrades and rewards in Age of Dragons: In this game, your success is closely tied to how much you play and which dragon you choose. As you gain experience, you can upgrade your dragon and unlock more special abilities. Breeding is also an important aspect of the game, as you can breed rarer eggs to give you an edge in battle. By breeding more experienced dragons, you can produce stronger offspring. Ember is a crucial resource that is needed to increase the rarity of your dragons. Common ember is required to obtain common eggs, while uncommon ember is needed for uncommon eggs. To obtain even rarer eggs, you must merge them. Obsidian is another resource that can be obtained in the game. It can be used in the alchemy of the cave to obtain CYT. Players must obtain at least 1000 Obsidians in order to get paid, which can be achieved by completing five missions per day.

Read Game Review »

The Walking Dead: Empire – Game Review

The Walking Dead: Empires stands as a multiplayer survival game within AMC’s The Walking Dead universe, presenting players with the difficult task of enduring the harsh post-apocalyptic world. The Walking Dead: Empires thrusts players into the perilous world of AMC’s The Walking Dead, a multiplayer survival game where resilience is paramount. Amidst chaos, players construct havens, forge alliances, and combat both living adversaries and the undead menace. This post-apocalyptic journey encompasses crafting, base-building, alliances, and land ownership. Crafting, facilitated by NFT Crafting Stations, lets players create valuable in-game items, shaping the economy. Constructing fortified bases wards off threats, while collaboration empowers survivors to thrive. Land ownership is pivotal, offering refuge or challenging territory. The forthcoming Gala Games release melds the established zombie theme with a more relaxed RPG approach, an intriguing fusion that distinguishes it in the genre. The Walking Dead: Empires allows players to participate in scheduled playtests through pre-registration, providing early game access and aiding developers in refining their mechanics. Alternatively, Gala Games NFTs like the Prepper Pack offer exclusive game access. Set within the challenging world of AMC’s The Walking Dead, the game thrusts players into a relentless struggle for survival. Moreover, Gala Games’ consistent excellence shines through in The Walking Dead Empires, showcasing their dedication to quality. Its isometric survival dynamics evoke nostalgia akin to early Fallout games, while features like base building and walker defense enrich the experience.

Read Game Review »

Era7: Game of Truth – Game Review

Era7: Game of Truth is a trading card game based on the blockchain. Players can earn ERA and GOT tokens by collecting NFT cards and playing the game on the Binance Smart Chain network. Era7: Game of Truth stands out because it is a cutting-edge virtual trading card game built on the Binance Smart Chain blockchain. It was inspired by popular TCG games like Magic: The Gathering and Hearthstone. It combines strategy and combat in a unique way, making for a fun and immersive gaming experience. The game makes a virtual world that is separate from the real world and has its own rules, digital items, and social interactions. Era7 creates a GameFi experience by combining DeFi, blockchain technology, and the thriving NFT market. The trading cards themselves act as valuable NFTs and have the potential to increase in value. With its self-sustaining economy, players have the chance to earn real money and are free to take it out whenever they want. In Era7: Game of Truth, the story is about the many different kinds of people who live on the Continent of Truth. These races live together and compete for the honorable title of “King of Truth.” Each race has special, talented people who go through tough training at the Summoner Academy. They become Summoners when they graduate, and then they go on a journey to make Summoning Pacts. They make deals with powerful beings from the seven races to work together. At the center of the continent, the final battle for the title of “King of Truth” takes place. Not only did the winner get an important title, but their race also got the highest honors in the land.

Read Game Review »

Best P2E Games list 2024

Quadratic Funding in Web3

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.