Arbitrum’s Gaming Catalyst Program Spurs Web3 Gaming

Arbitrum's Gaming Catalyst Program Boosts Web3 Gaming Growth

Arbitrum’s Gaming Catalyst Program Boosts Web3 Gaming Growth

The Web3 gaming division of Arbitrum announced the launch of Gaming Catalyst Program aiming to bolster its layer-2 blockchain network.

The blockchain network operates at the layer-2 level. The Web3 gaming development division of Arbitrum is striving to strengthen its capabilities.

Arbitrum Announces Gaming Catalyst Program

The team announced the commencement of the Gaming Catalyst Program (GCP) on the official forum on March 12th. This project requires 200 million ARB tokens for developer onboarding and gaming development.

As stated in the post, the objective of the GCP is to establish a gaming environment that will exist on the Arbitrum network for an extended period.

“We are asking the DAO to earmark 200m ARB over a two year period to bolster the gaming ecosystem on Arbitrum and establish the network as the top choice for game builders across the landscape. The GCP is meant to serve as a catalyst, not a comprehensive program, with a focus around onboarding and supporting high quality builders. After the roll out of the GCP, the aim is to mature into a longer-term gaming program with a more comprehensive approach to game ecosystem growth.”

When this article was published, 200 million ARB was equivalent to about $426 million. Specifically, the forum post stated that a portion of the funds would be utilized for prospective studios and games intended to be developed on the platform.

The project also distributed a list of its leading productivity indicators and estimates. This list includes Arbitrum’s designation as “the de facto leader for on-chain gaming.”

There are further objectives, such as obtaining between 200 and 300 applications for builders, ensuring that 20% or more of all Web3 games choose Arbitrum as their base network, launching 25 new Orbits, and increasing the number of net migrations to the blockchain in comparison to other layer-2 networks.

Additionally, the proposal states that 40 million ARB would be allotted for infrastructure assets if it were approved. We would distribute them on a “per proposal basis” for any tooling and infrastructure needed to facilitate gaming within Arbitrum.

The GCP launch and proposal are currently taking place just three days before the scheduled ARB token unlock. Arbitrum will “cliff unlock” over 1.1 billion tokens on March 16 to provide its team and advisers with 673.5 million tokens, now valued at approximately $1.34 billion.

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