The Arbitrum Foundation Invests $215 Million in Gaming Catalyst Program
The Arbitrum Foundation recently announced a massive investment to support gaming within its Ethereum-based Layer 2 network, known as Arbitrum. This initiative aims to allocate 225 million ARB tokens, valued at about $215 million, over the next three years to the Gaming Catalyst Program (GCP). The goal is to enhance the adoption and use of Arbitrum, Orbit, and Stylus among game developers and gamers.
Gaming Catalyst Program Overview
- Newly created Gaming Catalyst Program
- Allocating 225 million ARB tokens ($215 million)
- Efforts to enhance adoption and use of Arbitrum, Orbit, and Stylus
This initiative was approved on June 7 and has received support from various organizations, including L2Beat, Wintermute, and Treasure DAO. The GCP aims to support both emerging and established game developers through grants, investments, and infrastructure-related bounties.
GCP Management and Governance
- Managed by a specialized team
- Guided by a five-member council
- Expertise in gaming, venture capital, data analysis, and DAO governance
The council will oversee the effective use of funds and ensure alignment with the program’s goals. They also have the authority to veto investment decisions and team appointments. Operational expenses are capped at $25 million, with any additional costs requiring DAO approval.
Arbitrum Ambassador Program Phase 2 Launched
In a recent announcement, the Arbitrum Foundation introduced Phase 2 of its Ambassador Program, targeting Web3 communities in Nigeria, India, and Mexico. This phase expands the program’s reach beyond university students to engage a wider audience of Web3 enthusiasts. The goal is to leverage passionate advocates to drive educational initiatives within the Arbitrum ecosystem.
Phase 2 Expansion Details
- Focus on digital content creation and community building
- In-person workshops, hackathons, and virtual events
- Global community engagement without geographical boundaries
The expanded program seeks to create technical and non-technical content, host virtual events, and engage local communities through various activities. Participants will have the opportunity to represent Arbitrum, collaborate with ecosystem protocols, and network with industry players, enhancing their skills and knowledge in the process.
Ambassador Benefits
- Represent Arbitrum locally
- Collaborate with ecosystem protocols
- Learn about Layer-2 scaling technologies
- Enhance digital content creation skills
This initiative presents a unique opportunity for individuals in Nigeria, India, and Mexico to make a meaningful impact through community engagement and social media.
Hot Take: Join the Arbitrum Community Today!
Take advantage of the exciting opportunities within the Arbitrum ecosystem, whether you’re a game developer, gamer, or Web3 enthusiast. With significant investments in gaming and community engagement, now is the perfect time to get involved and be part of a growing global network of innovators.
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