The Moonbeam Network is investing thirteen million dollars in funding to support key areas such as gaming, real-world assets, and the Moonriver canary network. This investment is part of the network's Moonrise initiative and includes a ten million dollar innovation fund and one-point-five million dollar grants for the Moonbeam ecosystem and Moonriver. The innovation fund's first investment is in N3MUS, a company that will create a gaming ecosystem for Moonbeam.

This new gaming ecosystem will focus on bringing Web3 gaming into the mainstream by combining traditional gaming with blockchain technology. The goal is to attract more games to Moonbeam, increase the number of gamers, and enhance gamer acquisition and retention. The Moonbeam Foundation is supporting developers who are focusing on reducing user friction with modern blockchain technology.

Recipients of the innovation fund will be introduced to the network's venture capital network, which includes Arrington Capital, CoinFund, Scytale Digital, Metazero Capital, AD8 Dot Play, and more. This will provide further investment and partnership opportunities. The Moonbeam and N3MUS partnership also includes co-organizing events, integrating N3MUS features on Moonbeam, and promoting each other to relevant gaming studios and projects.

N3MUS is committed to bringing high-quality games to Moonbeam and closely working with existing games on the platform. Moonbeam's community also approved the distribution of the network's third season of Ecosystem Grants, totaling four-point-five million GLMR, to four Decentralized Finance protocols. These protocols are set to launch their respective GLMR incentive programs soon.

A proposal was also revealed to enhance DeFi on Moonriver with grants totaling one hundred thirteen thousand six hundred eighteen MOVR to Beamswap, Moonwell, and others. This proposal is subject to approval from the Moonriver community and aims to fund V3 AMM development, liquidity, and community initiatives to boost activity in the Moonriver ecosystem.