Arbitrum eyes $400 million crypto gaming fund with DAO proposal
Quick Take
- A proposal put to the Arbitrum DAO would designate 200 million ARB (about $400 million) to promoting gaming projects on its blockchain over a two-year period.
- The plan would invest the majority of the funds into accelerating the growth of its gaming ecosystem through grants awarded to publishers and builders.
Two members of the Arbitrum community have laid out a plan that would "earmark" about $400 million over the next two years with the aim of convincing publishers and builders to create video games using its blockchain.
In a post, Vela co-founder Dan Peng and Treasure DAO co-founder Karel Voung outlined their plan for the "Gaming Catalyst Program." The program proposes asking the Arbitrum DAO to approve the earmarking of 200 million ARB (about $400 million at current prices) over a two-year period to incentivize building games on its blockchain.
"Arbitrum has emerged as a leader in the competitive network race through a dynamic formula of innovation, robust technology, organic builders, and a variety of short and long-term incentives," they said in the post. "This dynamic has not occurred within the web3 gaming vertical, but we believe that the same opportunity exists to attract the best builders that will in turn create sticky, quality games that bring and retain new users within Arbitrum."
Majority of funds would go to game publishers
The new proposal suggests allocating the vast majority of funds — 160 million ARB — to incentivize publishers and builders to create new games on Arbitrum. The other 40 million ARB would support infrastructure initiatives such as creating tools "needed to support gaming within Arbitrum."
"The Gaming Catalyst program has an overarching goal to bring in talented builders, and help the builders accelerate their games through the lifecycle stages," they said in the post.
Until now, blockchains popular with gaming projects have included Polygon, Immutable, Avalanche and Solana.
Correction: The proposal was not put forward by Arbitrum Foundation as previously stated, but by Dan Peng.
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