The Arbitrum DAO has approved a significant 200 million ARB (~$200 million) Gaming Catalyst Proposal aimed at fostering growth in the gaming sector on the Arbitrum platform. This initiative is expected to drive substantial development across all Arbitrum games, gaming chains, and infrastructure builders. The approval marks a major milestone for the Arbitrum community, positioning Arbitrum as a central hub for on-chain gaming. Despite the positive outlook, the price of ARB tokens fell by 12% following the announcement. Additionally, the Arbitrum Foundation plans to distribute 225 million ARB tokens, worth about $215 million, over the next three years to support gaming projects through a newly-created Gaming Catalyst Program.
Arbitrum Foundation Allocates $215M for Web3 Gaming Development The Arbitrum Foundation plans o distribute 225 million ARB tokens, worth about $215 million, over the next three years to support gaming projects through a newly-created Gaming Catalyst Program. The proposal, whichโฆ https://t.co/6g64WCPrUJ
Pretty impressive. @arbitrum now has a $200m gaming fund. https://t.co/hFKSEmO0jr
Welcome to Arbitrum, @G7_DAO! Arbitrum is the HOME of onchain gaming ๐ฎ https://t.co/RedKe8ix6w
The passing of the GCP is extremely bullish for @arbitrum and a fantastic decision taken by the @DAO_Arbitrum! ๐๐๐ Gaming on ARB is growing and this will help us onboard more great builders, games and make the ecosystem much richer!!!
Congratulations to Arbitrum DAO passing the 200M ARB gaming grant! ๐๐งก https://t.co/gKVznnWqV7
Huge - congrats to the entire @arbitrum community. The future is bright for gaming! https://t.co/XaBE6f5IJj
The biggest gaming initiative proposal in Web3 history has passed. Congrats to @Treasure_DAO @XAI_GAMES and everyone else involved! Arbitrum is the home of Gaming https://t.co/vfKCYbjkMT
Arbitrum DAO has approved the 200m $ARB Gaming Catalyst Proposal. This is a massive milestone and will lead to incredible growth across all Arbitrum games, gaming chains, and infrastructure builders. Letโs make Arbitrum the future of Gaming together ๐ฎโ๏ธ๐บ https://t.co/sLV337VabO
NEWS: Arbitrum DAO vote for a 200M ARB (~$200M USD) gaming grant has gone through https://t.co/rJOkznX7Xq
Arbitrum DAO to deploy 200m $ARB (~$200m) into gaming over the next 2 years $ARB price is down 12% after the announcement https://t.co/L4qt2SEZqN https://t.co/p7kgOQy1Qw
The GCP has been approved by Arbitrum DAO ๐ Arbitrum is the home of gaming โ this includes all of the games, the gaming chains, and all of the builders within its orbit. Let's make some magic happen ๐ฎ https://t.co/QqWD1MmkdD
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We are very proud to announce that we have received a grant from the Arbitrum Foundation. We have made our home on Arbitrum over the past two years and are excited to continue building here. The future of gaming on Arbitrum is bright, and we will do our part to prove whyโฆ https://t.co/DnrsKRSThn
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Orbit ๐ค Celestia Build on Arbitrum, the modular stack https://t.co/Ehawlr9e43
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Welcome to join Arbitrum ecosystem! ๐ฎ๐๐งก https://t.co/lvwVQzBuGM