Arbitrum Provides $225 Million for Game Development

Bittime - Arbitrum is a technology that makes Ethereum transactions faster and cheaper. By committing $225 million to game development, management strengthened its position as an industry leader.

Apa Itu Decision?

Arbitrum is a set of technologies intended to improve Ethereum. By using the Arbitrum chain, you can do everything you can do with Ethereum, such as using Web3 applications, deploying smart contracts and more. But your transactions will be cheaper and faster. Arbitrum Rollup, the flagship product, is an Optimistic rollup protocol that inherits Ethereum-level security.

Arbitrum Provides $225 Million for Game Development

Arbitrum management has approved a chain vote to provide 225 million ARB or about $225 million currently to support Arbitrum's game development, according to PANews. The goal of this initiative is to make Arbitrum the leading blockchain in the gaming industry. In the future, there will be a vote to select a board that will oversee the plan.

160 million ARB Will Be Allocated to Attract Game Developers

The Game Catalyst Program (GCP), approved by 76% of more than 15,000 participants, received positive votes. According to the plan, 160 million ARB will be allocated to attract game developers and 40 million for infrastructure development. The remaining 25 million ARB will be used for legal compliance, market marketing and operational costs. Over the next three years, these funds will be distributed.

Conclusion

Arbitrum is a technology designed to improve Ethereum's functionality by offering cheaper and faster transactions through the use of the Arbitrum chain. Their flagship product, Arbitrum Rollup, is an Optimistic rollup protocol that has the same security as Ethereum.

Arbitrum management recently approved a chain vote to support game development on their platform by providing $225 million in funding in the form of Arbitrum's native token, or ARB. The goal of this initiative is to make Arbitrum the leading blockchain in the gaming world.

Additionally, the approved Game Catalyst Program (GCP) will provide 160 million ARB to attract game developers, 40 million ARB for infrastructure development, and 25 million ARB for legal compliance, market marketing, and operational costs. Over the next three years, these funds will be distributed. Therefore, Arbitrum is strategically allocating large funds to strengthen its position in the gaming industry.

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