{"id":612251,"date":"2024-06-10T19:30:11","date_gmt":"2024-06-10T19:30:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=612251"},"modified":"2024-08-17T13:15:04","modified_gmt":"2024-08-17T13:15:04","slug":"arbitrum-dao-216-million-funding","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/all\/arbitrum-dao-216-million-funding\/","title":{"rendered":"Arbitrum DAO Agrees To Distribute $216 Million In Funding – Here\u2019s What You Should Know"},"content":{"rendered":"

The Arbitrum Foundation, a <\/span>Decentralized Autonomous Organization (DAO)<\/span><\/a> tasked with developing and nurturing the Arbitrum ecosystem, has approved the start-up of a support fund aimed at developing projects in its gaming ecosystem. The organization has revealed plans to distribute a whopping $216 million to improve its gaming ecosystem.<\/span><\/p>\n

Arbitrum To Allocate $216 Million For Gaming Proposal<\/h2>\n

The Arbitrum Foundation<\/span><\/a> has officially endorsed a proposal, involving a funding initiative to expand and develop its gaming ecosystem. According to its <\/span>blog post<\/span><\/a>, the <\/span>Arbitrum DAO<\/span><\/a> will work towards allocating 225 million ARB tokens, valued at approximately $216 million, to support the growth of gaming projects on the network.<\/span><\/p>\n

Related Reading: Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon<\/a><\/div>\n

This proposal underwent a <\/span>formal voting process<\/span><\/a> amongst <\/span>community<\/span><\/a> members. Of the total voters in the foundation, a staggering 162.41 million voted in favor of the gaming proposal, while 50.48 million opposed it. Additionally, about 44,093 members abstained from voting.\u00a0<\/span><\/p>\n

As a result of the overwhelming approval, the Gaming Catalyst Program (GCP) will receive financial support from the Arbitrum Foundation over the course of three years. The program is designed to facilitate and expand awareness and adoption of Arbitrum\/Orbit\/Stylus by builders and players within the gaming community.<\/span><\/p>\n

Moreover, the Arbitrum Foundation has set its sights on the $250 billion <\/span>gaming vertical<\/span><\/a> which is <\/span>projected<\/span><\/a> to double by 2030, reaching a substantial $500 billion market. The organization is positioning itself to capitalize on the market\u2019s growth as well as the prevailing trend of integrating <\/span>blockchain technology with gaming<\/span><\/a>.\u00a0<\/span><\/p>\n

In its blog post, the organization revealed plans to recruit top-tier developers to build high-quality and engaging games that will effectively attract and retain the attention of users within the <\/span>Arbitrum ecosystem<\/span><\/a>. It disclosed that it has emerged as a leader in the competitive gaming market by incorporating a dynamic strategy that combines innovation, strong technological capabilities, organic builders and short and long-term incentives.<\/span><\/p>\n

Moreover, the rapid expansion of <\/span>Decentralized Finance (DeFi) applications<\/span><\/a> on Arbitrum highlights the platform\u2019s ability to attract new developers and users. The foundation has labeled this growth as a \u201csnowball effect,\u201d emphasizing that when there is an increasing number of builders and users, the Arbitrum DAO continues to add value.\u00a0<\/span><\/p>\n

The Goal Of The Gaming Catalyst Program<\/h2>\n

While acknowledging its shortcomings and recognizing its failure to match the performance of competitors such as <\/span>Immutable X<\/span><\/a>, <\/span>Ronin<\/span><\/a>, and Solana, the Arbitrum Foundation has also lauded its immense success in the decentralized finance sector. The organization has disclosed that through the Gaming Catalyst Program, it will facilitate the growth of its ecosystem by establishing a dedicated team and funds to provide technical and strategic support to the <\/span>gaming industry<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Price Prediction: Analyst Forecasts Meteoric 21,700% Rise To $17, Here\u2019s When<\/a><\/div>\n

The foundation outlined a list of hypothetical projects in the program that will help develop Arbitrum\u2019s gaming ecosystem. According to the organization, the Gaming Catalyst Program will provide support and resources for developers interested in building on the network. This will include mentorship, funding, and other assistance to expedite development.\u00a0<\/span><\/p>\n

Moreover, the Arbitrum DAO will allocate all resources strategically to maximize efficient usage and impact on the gaming ecosystem. The organization also aims to position itself as an attractive platform that will draw and maintain the best game developers in the industry.\u00a0<\/span><\/p>\n

Additionally, the Gaming Catalyst Program will play a major role in expanding new opportunities and use cases for the <\/span>Arbitrum network<\/span><\/a>. By supporting the development of gaming infrastructure, <\/span>Arbitrum (ARB)<\/span><\/a> will be able to diversify its ecosystem and extend services to a wider range of users and developers, not limited to Orbit chain and Stylus adoption.<\/span><\/p>\n

\"ARB
ARB price falls below $1 | Source: ARBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The Arbitrum Foundation, a Decentralized Autonomous Organization (DAO) tasked with developing and nurturing the Arbitrum ecosystem, has approved the start-up of a support fund aimed at developing projects in its gaming ecosystem. The organization has revealed plans to distribute a whopping $216 million to improve its gaming ecosystem. Arbitrum To Allocate $216 Million For Gaming Proposal The Arbitrum Foundation has officially endorsed a proposal, involving a funding initiative to expand and develop its gaming ecosystem. According to its blog post, the Arbitrum DAO will work towards allocating 225 million ARB tokens, valued at approximately $216 million, to support the growth of gaming projects on the network. Related Reading: Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon This proposal underwent a formal voting process amongst community members. Of the total voters in the foundation, a staggering 162.41 million voted in favor of the gaming proposal, while 50.48 million opposed it. Additionally, about 44,093 members abstained from voting.\u00a0 As a result of the overwhelming approval, the Gaming Catalyst Program (GCP) will receive financial support from the Arbitrum Foundation over the course of three years. The program is designed to facilitate and expand awareness and adoption of Arbitrum\/Orbit\/Stylus by builders and players within the gaming community. Moreover, the Arbitrum Foundation has set its sights on the $250 billion gaming vertical which is projected to double by 2030, reaching a substantial $500 billion market. The organization is positioning itself to capitalize on the market\u2019s growth as well as the prevailing trend of integrating blockchain technology with gaming.\u00a0 In its blog post, the organization revealed plans to recruit top-tier developers to build high-quality and engaging games that will effectively attract and retain the attention of users within the Arbitrum ecosystem. It disclosed that it has emerged as a leader in the competitive gaming market by incorporating a dynamic strategy that combines innovation, strong technological capabilities, organic builders and short and long-term incentives. Moreover, the rapid expansion of Decentralized Finance (DeFi) applications on Arbitrum highlights the platform\u2019s ability to attract new developers and users. The foundation has labeled this growth as a \u201csnowball effect,\u201d emphasizing that when there is an increasing number of builders and users, the Arbitrum DAO continues to add value.\u00a0 The Goal Of The Gaming Catalyst Program While acknowledging its shortcomings and recognizing its failure to match the performance of competitors such as Immutable X, Ronin, and Solana, the Arbitrum Foundation has also lauded its immense success in the decentralized finance sector. The organization has disclosed that through the Gaming Catalyst Program, it will facilitate the growth of its ecosystem by establishing a dedicated team and funds to provide technical and strategic support to the gaming industry.\u00a0 Related Reading: Dogecoin Price Prediction: Analyst Forecasts Meteoric 21,700% Rise To $17, Here\u2019s When The foundation outlined a list of hypothetical projects in the program that will help develop Arbitrum\u2019s gaming ecosystem. According to the organization, the Gaming Catalyst Program will provide support and resources for developers interested in building on the network. This will include mentorship, funding, and other assistance to expedite development.\u00a0 Moreover, the Arbitrum DAO will allocate all resources strategically to maximize efficient usage and impact on the gaming ecosystem. The organization also aims to position itself as an attractive platform that will draw and maintain the best game developers in the industry.\u00a0 Additionally, the Gaming Catalyst Program will play a major role in expanding new opportunities and use cases for the Arbitrum network. By supporting the development of gaming infrastructure, Arbitrum (ARB) will be able to diversify its ecosystem and extend services to a wider range of users and developers, not limited to Orbit chain and Stylus adoption. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":612268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[88023,91228,88069,84309,92527,92528,91040,89363,88120,88077],"class_list":["post-612251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","tag-arb","tag-arb-news","tag-arb-price","tag-arbitrum","tag-arbitrum-dao","tag-arbitrum-dao-news","tag-arbitrum-news","tag-arbitrum-price","tag-arbusd","tag-arbusdt"],"acf":[],"yoast_head":"\nArbitrum DAO Agrees To Distribute $216 Million In Funding - Here\u2019s What You Should Know<\/title>\n<meta name=\"description\" content=\"The Arbitrum DAO has revealed plans to distribute a whopping $216 million to improve its gaming ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/all\/arbitrum-dao-216-million-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arbitrum DAO Agrees To Distribute $216 Million In Funding - 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Arbitrum DAO Agrees To Distribute $216 Million In Funding – Here\u2019s What You Should Know","url":"http:\/\/uniquehot.com\/all\/arbitrum-dao-216-million-funding\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/all\/arbitrum-dao-216-million-funding\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Arbitrum.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Arbitrum.jpeg?fit=1792%2C1024"},"articleSection":"All","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["arb","arb news","arb price","arbitrum","arbitrum dao","arbitrum dao news","arbitrum news","arbitrum price","arbusd","arbusdt"],"dateCreated":"2024-06-10T19:30:11Z","datePublished":"2024-06-10T19:30:11Z","dateModified":"2024-08-17T13:15:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Arbitrum DAO Agrees To Distribute $216 Million In Funding – Here\\u2019s What You Should Know\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/all\\\/arbitrum-dao-216-million-funding\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/all\\\/arbitrum-dao-216-million-funding\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Arbitrum.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Arbitrum.jpeg?fit=1792%2C1024\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"arb\",\"arb news\",\"arb price\",\"arbitrum\",\"arbitrum dao\",\"arbitrum dao news\",\"arbitrum news\",\"arbitrum price\",\"arbusd\",\"arbusdt\"],\"dateCreated\":\"2024-06-10T19:30:11Z\",\"datePublished\":\"2024-06-10T19:30:11Z\",\"dateModified\":\"2024-08-17T13:15:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/06\/Arbitrum.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/612251"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=612251"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/612251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/612268"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=612251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=612251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=612251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}