BlockBeats news, on January 8, according to CoinDesk, Offchain Labs, the developer behind Arbitrum, announced at CES 2025 that the Arbitrum Foundation has granted the largest developer subsidy in history to South Korea's Lotte Group.
Lotte Group is a multi-billion dollar South Korean conglomerate known for its shopping malls, media companies, and entertainment assets. A representative of the company declined to disclose the specific amount of the grant at this stage.
According to Offchain Labs, this subsidy reinforces Arbitrum's position as the primary blockchain infrastructure provider for Lotte's metaverse gaming platform, Caliverse.
