Arbitrum approves 225 million ARB proposal [Arbitrum approves 225 million ARB proposal] According to the financial report, Arbitrum management approved an online vote to allocate 225 million ARB (currently worth approximately 225 million USD) to fund game development on Arbitrum. This initiative aims to establish Arbitrum as a leading blockchain in the gaming space. There will also be a future vote to elect a board to oversee the program.

The proposal, known as the Gaming Catalyst Plan (GCP), was passed with 76% support among more than 15,000 participating addresses. The plan allocates 160 million ARB to attract game developers and 40 million ARB for infrastructure development. The remaining 25 million ARB will be used for marketing, legal compliance and operational costs. This amount will be distributed over three years.#TopCoinsJune2024 #arbirtum $ARB