Arbitrum proposes to create a game fund of 225 million ARB ~ 250 million $.
- Context:
Time of appearance: The proposal to establish a gaming development fund for Arbitrum appeared in March 2024.
Program name: Gaming Catalyst Program (GCP).
Objective: Promote the development of the Web3 game segment on the Arbitrum ecosystem, similar to the strong development of the DeFi segment on this platform.
+ Specific goals of GCP:
Boost the number of game developers using Arbitrum, Orbit and Stylus technologies.
Allocate resources through grants and investment programs.
Attract and retain talent.
Expand the uses of Arbitrum.
Support the development of high-quality games with a long-term vision.
+ Game fund proposal details:
Total amount: 225 million ARB (more than 250 million USD at the time of publication).
Allocation time: Within 3 years.
+ Fund allocation:
Attracting developers (160 million ARB):
Grants: 25 million ARB.
Investment: 135 million ARB.
Bounty and reward: 40 million ARB.
Operating costs: 25 million ARB.
+ Voting process:
Time: Starts from May 24 and ends on June 8.
Current results: 81.5% votes in favor and 18.5% votes against.
Expectation: If nothing unexpected happens, the proposal will most likely be approved.
+ Community reaction:
Criticism of operating costs: The operating budget was changed from 10 million USD in the preliminary proposal to 25 million USD when voting opened.
Objection to high operating costs: Many people believe that spending 25 million USD on operating costs in 3 years is too large and unreasonable.
