🔥 Arbitrum DAO Approves $215 Million Gaming Ecosystem Fund
The Arbitrum Foundation will distribute 225 million ARB tokens, worth approximately $215 million, over three years to support gaming projects on its Ethereum L2 network through the newly established Gaming Catalyst Program (GCP). The proposal, first introduced in March and passed with over 75% approval, aims to increase the adoption of Arbitrum among game developers and players.
Supporters include L2Beat and Treasure DAO, while Blockworks Research and Camelot DAO oppose it. Funds will be mainly allocated to publishers and developers, with grants up to 500k ARB for new developers and equity-based investments for established ones. Bounties and operational expenses will also be funded, with operations managed by a GCP team under a council's oversight.
