Arbitrum DAO mulls winding down ‘unsustainable’ Web3 gaming fund

Members of Arbitrum’s decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network, citing a lack of progress and transparency. On March 24, DAO member Nathan van der Heyden submitted a proposal calling for the recovery of unused funds allocated to the Arbitrum Gaming Catalyst Program (GCP). The program, launched in 2024, aimed to position Arbitrum as a leading platform for onchain gaming development.Van der Hayden said that the GCP was approved when projections were “exceptionally optimistic source: https://cointelegraph.com/news/arbitrum-dao-debates-clawback-gaming-fund?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound