Arbitrum will distribute $215M in $ARB tokens for WEB 3.0 gaming development 🔥

The #Arbitrum Foundation which is responsible for well known rollup-based layer-2 network Arbitrum, has decided to give away massive resources for developing the gaming industry within its ecosystem.

The proposal sets aside 225 milion ARB tokens currently valued at ~$215M to distribute over 3 years through Gaming Catalyst Program (GCP).

The proposal which was accepted by more than 75% of Arbitrum DAO aims to rapidly increase usage and recognition of Arbitrum Network. A large portion of delegated funds are going to be distributed among developers and publishers (500 000 ARB; ~$480 000).

Stay tuned for more updates from MarMag! New posts coming soon :))