Arbitrum, a well-known Ethereum Layer 2 solution, has announced a Gaming Catalyst Program worth $220 million. The program, proposed by a group of quorum ARB token holders, aims to boost gaming on the blockchain by allocating 200 million ARB tokens over a three-year period.
Led by Treasure DAO co-founder Karel Vuong, the initiative has received overwhelming support from the community. Vuong expressed his excitement on LinkedIn. The program aims to invest in studios and games while also establishing an organization to promote Arbitrum as the top choice for game developers.
The Gaming Catalyst Program is categorized as a catalyst rather than a comprehensive program. Funds are allocated for builder onboarding, infrastructure development, and program administration. A council of five individuals will oversee the program, ensuring that its goals of funding 100-200 games and launching 50 titles on the Arbitrum Orbit infrastructure are achieved.
Despite some initial skepticism about the program’s ambitious goals, the success of this initiative demonstrates the power of decentralized governance. With 76% of tokens voting in favor, the Gaming Catalyst Program is poised to make a significant impact on the gaming ecosystem on Ethereum’s Layer 2 solution.