🚀 ARBITRUM PARTNERS WITH LOTTE GROUP TO DEVELOP METAVERSE PROJECT CALIVERSE

Offchain Labs and Arbitrum Foundation, the two development and governance organizations behind the layer-2 Arbitrum, are about to execute the largest funding ever allocated to South Korea's Lotte Group to develop a Metaverse project. This billion-dollar South Korean conglomerate is launching the Metaverse project "Caliverse" on the Arbitrum layer-2 platform. This is Arbitrum's largest funding to date, enabling the project to utilize an exclusive blockchain with the ARB token.

⭐ Caliverse Project

🟢 Integrating new technologies such as artificial intelligence, virtual reality, and Crypto.

🟢 Providing entertainment, shopping, and gaming experiences with the participation of major brands like 7-Eleven and Tomorrowland.

🟢 After integrating Arbitrum, the application will support crypto payments.

⭐ Impact of the partnership on Crypto

🟢 Bringing Crypto into traditional business models, creating a new wave for the trend of integrating blockchain technology.

🟢 Arbitrum is a strong platform for developing Web3 gaming, with a growth rate of 72% in 2024, supporting 119 Web3 game titles and 23 separate chains.

⭐ Challenges and prospects

🟢 Arbitrum faces criticism for lack of transparency in the Gaming Catalyst Program fund and the departure of large gaming ecosystems like Treasure.

🟢 The price of the ARB token has decreased by more than 11% amid a declining Crypto market.

➡️ CEO Steven Goldfeder asserts that Arbitrum will provide superior processing speed and a seamless experience for Caliverse users, setting a new standard for the virtual world.