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Arbitrum approves $225 million ARB proposal

The Arbitrum management has approved an on-chain vote to allocate 225 million ARB (currently worth about 225 million US dollars) to fund game development on Arbitrum. The initiative aims to make Arbitrum a leading blockchain in the gaming industry. There will also be a vote in the future to select a council to oversee the plan.

The proposal is called the "Game Catalyst Program (GCP)" and was approved with a support rate of 76% among over 15,000 participating addresses. The plan allocates 160 million ARB to attract game developers, 40 million ARB for infrastructure construction, and the remaining 25 million ARB for marketing, legal compliance, and operational costs. These funds will be distributed over three years.

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