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

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