{"id":22365,"date":"2024-06-09T12:00:15","date_gmt":"2024-06-09T09:00:15","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22365"},"modified":"2024-06-09T10:23:17","modified_gmt":"2024-06-09T07:23:17","slug":"arbitrum-215-m-gaming-catalyst-program-approved","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/arbitrum-215-m-gaming-catalyst-program-approved\/","title":{"rendered":"Arbitrum&#8217;s $215M Gaming Catalyst Program Approved"},"content":{"rendered":"<p>Supported by the <a href=\"https:\/\/explore.m2.com\/learn\/what-are-ethereum-layer-2-blockchains-and-how-do-they-work#:~:text=Layer%202%20Protocols-,A%20layer%202%20network%20is%20a%20secondary%20blockchain%20built%20on,away%20from%20the%20main%20network.\">Ethereum roll-based Layer 2 network<\/a> <strong>Arbitrum<\/strong>, the <strong>Arbitrum<\/strong> <strong>Foundation<\/strong> will be able to fulfill its ambition to fund gaming initiatives on the network over the next three years with hundreds of millions of euros.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/arbitrum-215-m-gaming-catalyst-program-approved\/#Arbitrums_Gaming_Catalyst_Program\" title=\"Arbitrum&#8217;s Gaming Catalyst Program\">Arbitrum&#8217;s Gaming Catalyst Program<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/arbitrum-215-m-gaming-catalyst-program-approved\/#Funding_Details_and_Governance\" title=\"Funding Details and Governance\">Funding Details and Governance<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Arbitrums_Gaming_Catalyst_Program\"><\/span>Arbitrum&#8217;s Gaming Catalyst Program<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Designed to &#8220;<em>immediately expand awareness and adoption of <strong>Arbitrum<\/strong>\/Orbit\/Stylus by builders and players in the gaming community<\/em>,&#8221; the proposal will allocate 225 million <strong>ARB tokens<\/strong> worth roughly $215 million to a newly-created Gaming Catalyst Program (GCP).<\/p>\n<p>Originally presented in March, the measure formally passed Friday with more than 75% of the voting in favor. While Blockworks Research and Camelot DAO are among those who voted against, organizations that greatly supported the plan include L2Beat, Wintermute, and gaming-oriented Treasure DAO.<\/p>\n<p><em>&#8220;<strong>Arbitrum<\/strong> is the home of gaming; this covers all of the games, the gaming chains, and all of the builders around it. Let&#8217;s make some magic happen.<\/em>&#8221; Treasure DAO on X responded to the passing of the proposal.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Funding_Details_and_Governance\"><\/span>Funding Details and Governance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While more seasoned developers must apply for investments with a value-share component via tokens, equity, or similar means, much of the fund is set aside for publishers; new and early-stage developers have the chance to apply for grants worth a maximum of 500,000 <strong>ARB<\/strong> (about $483,000 at current rates). Operating expenses and bounties connected to infrastructure will get the remaining money.<\/p>\n<p><span style=\"color: #0000ff;\"><em>This Might Interest You: <a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/getresponse-hack-exposes-coingecko-user-data\/\">GetResponse Hack Exposes CoinGecko User Data<\/a><\/em><\/span><\/p>\n<p>Though the program will be supervised by a council of &#8220;<em>5 individuals with deep gaming, venture experience, analytics\/reporting, and\/or DAO governance skills<\/em>,&#8221; elected by the DAO with the capacity to veto investment decisions and team member appointments, daily operations will be run by a dedicated GCP team. The GCP team has budgeted $25 million for operational expenses; any more spending needs DAO approval.<\/p>\n<p>From its highest value of $1.10 on Friday to roughly $0.97 as of press time following the end of the voting process, <strong>Arbitrum&#8217;s<\/strong> token dropped about 12%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supported by the Ethereum roll-based Layer 2 network Arbitrum, the Arbitrum Foundation will be able to fulfill its ambition to fund gaming initiatives on the network over the next three years with hundreds of millions of euros. Arbitrum&#8217;s Gaming Catalyst Program Designed to &#8220;immediately expand awareness and adoption of Arbitrum\/Orbit\/Stylus by builders and players in<\/p>\n","protected":false},"author":6,"featured_media":22366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[1011,3818,6735],"class_list":["post-22365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-arbitrum","tag-gaming","tag-gaming-catalyst-program"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arbitrum&#039;s $215M Gaming Catalyst Program Approved - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/arbitrum-215-m-gaming-catalyst-program-approved\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arbitrum&#039;s $215M Gaming Catalyst Program Approved - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Supported by the Ethereum roll-based Layer 2 network Arbitrum, the Arbitrum Foundation will be able to fulfill its ambition to fund gaming initiatives on the network over the next three years with hundreds of millions of euros. 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