Arbitrum to distribute $215M in ARB tokens for gaming innovation
Initially introduced in March, the proposal was approved on June 7, with over 75% of votes in favor.
The Arbitrum Foundation, the team responsible for the Ethereum rollup-based layer-2 network Arbitrum, has committed substantial resources to developing the gaming industry within its ecosystem.
The proposal sets aside 225 million Arbitrum (ARB) tokens valued at approximately $215 million to be distributed over three years through the newly established Gaming Catalyst Program (GCP).
The program aims to rapidly increase recognition and usage of Arbitrum, Orbit and Stylus among game developers and players, fostering growth and engagement within the gaming community.
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Author: Amaka Nwaokocha
