2024-06-09
On June 8, 2024, the Arbitrum DAO voted
to approve $215 million gaming proposed by Arbitrum Foundation aimed at
developing the gaming ecosystem on its Ethereum Layer 2 network.
This initiative, known
as the Gaming Catalyst Program, plans to distribute 225 million ARB tokens over a period of 3 years to support game developers.
The proposal received
strong community support, with over 75% of the votes in favor.
It’s designed to attract
both new and established game developers, with emerging developers eligible for
up to $500,000 worth of ARB tokens.
This strategic
investment is expected to boost engagement and growth within the gaming sector
on Arbitrum’s platform.
A dedicated team will
manage the program daily, ensuring that it aligns with its objectives and
maintains accountability.
The council overseeing
the program includes experts in gaming, venture capital, data analysis, and DAO
governance.
This move by Arbitrum is
a clear indication of its policy to grow blockchain-based gaming.
