Arbitrum (ARB), a prominent Layer 2 scaling solution for Ethereum, has announced a strategic partnership with Lotte Group, a leading South Korean conglomerate. As part of this collaboration, Arbitrum will provide Lotte with the largest developer grant in its history. This grant will serve as a catalyst for the development of Lotte's metaverse gaming platform, Caliverse. While the specific amount of the grant remains undisclosed, this partnership will see Arbitrum become the primary blockchain infrastructure provider for Caliverse, powering its gaming applications and other metaverse experiences. The partnership was initially announced at CES 2023, where Lotte showcased its Caliverse platform. In August 2022, Caliverse entered into a strategic partnership with Arbitrum, further solidifying its commitment to leveraging Arbitrum's advanced Layer 2 technology for its metaverse endeavors. Arbitrum's developer grant is not only a testament to its commitment to supporting innovative projects but also an indication of the growing momentum behind the adoption of Layer 2 solutions in the metaverse space. By empowering developers with the resources they need, Arbitrum is helping to accelerate the development of immersive and engaging metaverse experiences that can reach mass adoption.