#ARB

The Arbitrum Foundation and Offchain Labs, the two organizations behind the Arbitrum layer-2 network, are preparing to execute one of the largest funding grants in history for the Lotte Group. This collaborative project will focus on building Caliverse – a promising metaverse that allows users to shop, entertain, and transact using crypto. ARB will become the exclusive blockchain supporting Caliverse.

Arbitrum not only provides technology infrastructure with a processing speed of 250ms but also expects the largest funding grant ever for the project, demonstrating a strong commitment to development in the metaverse field.

Lotte, known for its retail, entertainment, and media sectors, has expressed great ambitions by integrating blockchain technology into its business model.