Ethereum

Token

Arbitrum

Million

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/arbitrum-introduces-gaming-catalyst-initiative-with-200-million-token-fund" rel="noopener noreferrer nofollow">Arbitrum Introduces Gaming Catalyst Initiative with 200 Million Token Fund</a><br></p>
<p style="text-align: justify">In a significant development for the <a href="https://en.bitcoinhaber.net/canadian-interest-in-cryptocurrency-investments-declines-survey-finds" rel="noopener noreferrer nofollow">cryptocurrency</a> market, the <a href="https://en.bitcoinhaber.net/ethereums-price-surge-followed-by-high-value-transfer-to-binance" rel="noopener noreferrer nofollow">Ethereum</a> Layer-2 network, Arbitrum, has announced its Gaming Catalyst Program (GCP), set to boost Web3 video game creation. The initiative, unveiled on March 12, aims to entice developers with a 200 million ARB token fund, equivalent to roughly $426 million. This move is designed to both facilitate game development on the Arbitrum platform and attract high-caliber founders to the ecosystem.</p>
<h2 id="driving-game-development-on-arbitrum">Driving Game Development on Arbitrum</h2>
<p style="text-align: justify">The GCP seeks to invest in promising gaming studios and projects, intending to cement Arbitrum as a premier destination for game developers worldwide. The two-year program seeks to kickstart a durable gaming ecosystem and paves the way for a comprehensive long-term strategy. The initiative’s success metrics include a surge in game applications, a significant portion of Web3 games selecting Arbitrum as their go-to network, the launch of new projects, and a competitive edge over other Layer-2 platforms in the network transition stakes.</p>
<h2 id="investment-in-infrastructure-and-upcoming-token-unlock">Investment in Infrastructure and Upcoming Token Unlock</h2>
<p style="text-align: justify">In detail, the GCP plan earmarks 40 million ARB for infrastructure enhancements that will bolster gaming support within Arbitrum’s ecosystem. Additionally, the GCP’s introduction comes at a critical time, as Arbitrum prepares for a substantial token unlock event. This event will see the release of around 673.5 million tokens valued at approximately $1.34 billion, allocated to the team and advisors, among the total 1.1 billion ARB tokens set to be released.</p>
<p style="text-align: justify">This strategic initiative by Arbitrum marks a concerted effort to dominate the Web3 gaming world by providing tangible incentives and a nurturing environment for developers. The GCP represents a significant investment in the future of decentralized gaming and could potentially reshape the gaming landscape on Ethereum’s Layer-2 networks.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/arbitrum-introduces-gaming-catalyst-initiative-with-200-million-token-fund" rel="noopener noreferrer nofollow">Arbitrum Introduces Gaming Catalyst Initiative with 200 Million Token Fund</a></h5>

Arbitrum Introduces Gaming Catalyst Initiative with 200 Million Token Fund

Table of Contents

BH NEWS

Other articles published on Mar 13, 2024

Binance Responds to Nigerian Ban Amidst Rising Crypto Adoption

The 2024 Crypto Craze: Bitgert Coin’s Unstoppable Ascendancy – Are You Positioned to Reap the Rew...

Is Catching Tilapia in Stardew Valley Easy or Difficult?

World’s First ICO on Bitcoin Blockchain Nears Final 48 Hours

Tether (USDT) Announced Its Plan To Run On The Celo Network

Shiba Inu Whales Are Accumulating SHIB, Do They Know Something You Don’t?

Join our free newsletter for daily crypto updates!