Arbitrum approves a proposal for 225 million ARB, committed to becoming a leading gaming blockchain network

ChainCatcher message, the Arbitrum management has approved an on-chain vote to allocate 225 million ARB (currently worth about 225 million USD) to fund game development on Arbitrum. This initiative aims to establish Arbitrum as a leading blockchain in the gaming sector. Future votes will also be held to elect a council to oversee the program.

The proposal is called the "Game Catalyst Program (GCP)" and was passed with a 76% approval rate among over 15,000 participating addresses. The program allocates 160 million ARB to attract game developers, 40 million ARB for infrastructure development. The remaining 25 million ARB will be used for marketing, legal compliance, and operational costs. These funds will be distributed over three years.