The initiative is requesting 200 million ARB in order to stimulate the growth of the gaming industry. Blockchain network layer two Arbitrum wants to strengthen its division dedicated to developing Web3 games. In a post on the official forum on March 12, they revealed the Gaming Catalyst Program (GCP). An initiative that seeks 200 million ARB tokens for developer onboarding and game creation.
The article states that the GCP wants to create a long-term gaming environment on the Arbitrum network.
“We are asking the DAO to earmark 200m ARB over a two year period to bolster the gaming ecosystem on Arbitrum and establish the network as the top choice for game builders across the landscape. The GCP is meant to serve as a catalyst, not a comprehensive program, with a focus around onboarding and supporting high quality builders. After the roll out of the GCP, the aim is to mature into a longer-term gaming program with a more comprehensive approach to game ecosystem growth.”
At the time this story was published, 200 million ARB valued at about $426 million. The forum post stated that they would utilize a portion of the proceeds for co-investing in promising games and companies for the platform.
Along with its estimations and important productivity metrics, the project also established. Arbitrum as “the de facto leader for on-chain gaming.”
Other objectives are to receive 200–300 applications for builders, have 25% or more of Web3 games use Arbitrum as their home network, launch 25 new Orbits, and increase the number of net migrations from other layer-2 networks to Arbitrum.
In addition, the idea states that infrastructure bounties would receive 40 million ARB if granted. The proposal suggests awarding funds on a per proposal basis to those who build tools and infrastructure that support gaming on Arbitrum.
Three days before the planned ARB token unlock, someone is making the GCP launch and proposal. As part of a March 16 “cliff unlock” of over 1.1 billion tokens. Arbitrum will unlock 673.5 million tokens (worth nearly $1.34 billion at current prices) for its team and advisers
