Arbitrum Allocates $400M to Boost Blockchain Gaming
In a recent announcement, the Arbitrum Foundation unveiled its ambitious "Gaming Catalyst Program." This initiative aims to allocate approximately $400 million over the next two years.
The primary goal of this initiative is to attract publishers and developers to create electronic games using Arbitrum's blockchain technology.
$400M Fund by Arbitrum
As detailed in a recent post, the "Gaming Catalyst Program" aims to secure approval from the Arbitrum DAO to allocate 200 million ARB, equivalent to about $400 million based on current market prices at the time of reporting. This substantial investment is intended to stimulate the development of electronic games within the Arbitrum ecosystem.
Arbitrum organization stated in its post: "Arbitrum has emerged as a leading company in the competitive network race through a dynamic innovation formula, robust technology, organic builders, and numerous short-term and long-term incentives." potentials of blockchain games.
The fund allocation plan proposes to allocate the majority of funds, approximately 160 million ARB tokens, to encourage publishers and developers to join efforts to develop new games on the Arbitrum network. The remaining 40 million ARB tokens will be directed towards infrastructure initiatives, creating favorable conditions for the necessary tools to integrate games within Arbitrum.
The Arbitrum organization asserts: "The Gaming Catalyst program aims comprehensively to attract talented builders and expedite their games through stages in their lifecycle," emphasizing the program's focus on supporting developers throughout the game development process.
