Arbitrum DAO Agrees To Distribute $216 Million In Funding – Here’s What You Should Know

Arbitrum DAO Agrees To Distribute $216 Million In Funding – Here’s What You Should Know


The Arbitrum Foundation, a Decentralized Autonomous Organization (DAO) tasked with developing and nurturing the Arbitrum ecosystem, has approved the start-up of a support fund aimed at developing projects in its gaming ecosystem. The organization has revealed plans to distribute a whopping $216 million to improve its gaming ecosystem.

Arbitrum To Allocate $216 Million For Gaming Proposal

The Arbitrum Foundation has officially endorsed a proposal, involving a funding initiative to expand and develop its gaming ecosystem. According to its blog post, the Arbitrum DAO will work towards allocating 225 million ARB tokens, valued at approximately $216 million, to support the growth of gaming projects on the network.

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This proposal underwent a formal voting process amongst community members. Of the total voters in the foundation, a staggering

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