- Arbitrum DAO has approved a proposal by the Foundation to distribute 255 million ARB tokens.
- The proposal aims to boost the gaming ecosystem within the Arbitrum network.
- Arbitrum network.75% of the Arbitrum community voted in favor of the proposal, including L2Beat and Wintermute.
Arbitrum DAO has approved a recent proposal by the Arbitrum Foundation to distribute 255 million ARB tokens, equivalent to $215 million, within three years. According to reports, the proposal aims to boost the gaming ecosystem within the Arbitrum network, targeting developers and potential gamers.
The biggest gaming initiative in Web3 is coming to Arbitrum.Congrats to everyone! pic.twitter.com/H8FdbPUQmw
— Churro (@Churro808) June 7, 2024
According to the approved proposal, the Arbitrum Foundation will dispense the allocated funds via a newly created Gaming Catalyst Program (GCP), designed to “immediately expand awareness and adoption of Arbitrum/Orbit/Stylus by builders and players in the Gaming community.”
It is worth noting that renowned organizations like L2Beat, Wintermute, and gaming-focused Treasure DAO supported the proposal and formed part of the 75% majority that voted…
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