Arbitrum Allocates $225 Million For Game Development

According to PANews, the management of Arbitrum has approved an on-chain vote to allocate 225 million ARB, currently valued at approximately $225 million, to fund game development on Arbitrum. The initiative aims to establish Arbitrum as a leading blockchain in the gaming sector. Future votes will be held to elect a board to oversee the plan. The proposal, known as the 'Game Catalyst Program (GCP)', was passed with a 76% approval rate from over 15,000 participating addresses. The plan allocates 160 million ARB to attract game developers and 40 million ARB for infrastructure construction. The remaining 25 million ARB will be used for market marketing, legal compliance, and operational costs. These funds will be distributed over the next three years.