Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»Arbitrum is eyeing a $400 million cryptocurrency gaming fund with a proposal for DAO.
ADOPTION NEWS

Arbitrum is eyeing a $400 million cryptocurrency gaming fund with a proposal for DAO.

By Crypto FlexsMarch 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Arbitrum is eyeing a 0 million cryptocurrency gaming fund with a proposal for DAO.
Share
Facebook Twitter LinkedIn Pinterest Email
Game • March 14, 2024 3:10 PM EDT

Posted 1 minute ago In ~

decision ARB

-3.09%
The foundation wants to expand into blockchain gaming and aims to “allocate” about $400 million over the next two years to persuade publishers and creators to use blockchain to create video games.

In a post, the Arbitrum Foundation outlined its plans for a “Gaming Catalyst Program.” The program proposes asking the Arbitrum DAO to approve an allocation of 200 million ARB (about $400 million at current prices) over two years to encourage game building on the blockchain.

“Arbitrum has emerged as a leader in the competitive network race with a dynamic innovation formula, powerful technology, organic builders and a variety of short-term and long-term incentives,” Arbitrum said in its post. “While this dynamic has not occurred in the web3 gaming space, we believe the same opportunity exists within Arbitrum to attract the best builders to create sticky, high-quality games that attract and retain new users.”

The Arbitrum Foundation is the organization that supports the Ethereum Layer 2 network Arbitrum.

Most of the funds go to game publishers.

The new proposal proposes allocating most of the funds (ARB 160 million) to encourage publishers and builders to create new games on Arbitrum. The remaining 40 million ARBs will support infrastructure initiatives, such as creating tools “necessary to support games within Arbitrum.”

“The Gaming Catalyst program has the overarching goal of attracting talented creators and helping creators accelerate their games through lifecycle stages,” the Arbitrum Foundation said in a post.

Popular blockchains for gaming projects so far include Polygon, Immutable, Avalanche, and Solana.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal and has covered companies including Disney, Netflix, and Warner Bros. and the creator economy, with a primary focus on technological innovation across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit’s Ben Zhou Charts Bold New Course To Rewrite Crypto Success At Mid-Year Keynote

August 6, 2025

Quantum advantage: Is the threat really?

August 6, 2025

Flipster And Kaia Partner To Extend Stablecoin Access Across Asia

August 6, 2025

MEXC Ventures Invests In Triv, Indonesia’s Leading Crypto Exchange, At $200 Million Valuation To Accelerate Southeast Asia Expansion

August 6, 2025

QPR has a partner relationship with Tokenfi to sponsor training kits.

August 6, 2025

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Dreamcash Begins Rollout Of Trading Platform With Hyperliquid Integration Via Waitlist Access

August 5, 2025

Cango Inc. Announces July 2025 Bitcoin Production And Mining Operations Update

August 5, 2025

Succinct, The First Decentralized Prover Network, Launches On Mainnet

August 5, 2025

ONyc Launches On Kamino, Unlocking Real-World Yield And Collateral Utility In Solana DeFi

August 5, 2025

Your Best Choice For Security, Efficiency, And Transparency

August 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit’s Ben Zhou Charts Bold New Course To Rewrite Crypto Success At Mid-Year Keynote

August 6, 2025

Quantum advantage: Is the threat really?

August 6, 2025

Flipster And Kaia Partner To Extend Stablecoin Access Across Asia

August 6, 2025
Most Popular

Introducing Ethereum Script 2.0 | Ethereum Foundation Blog

June 19, 2024

This new gaming token could surpass the success of Cardano (ADA) and Avalanche (AVAX).

May 1, 2024

Final Bitcoin ETF Application Document Posted on Major U.S. Exchanges

January 5, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.