🏆Arbitrum (ARB): DAO releases $215 million to develop gaming.
📊On Friday, the Arbitrum Decentralized Autonomous Organization (DAO) (ARB) finalized a vote bringing the Gaming Catalyst Program (GCP) to life. The latter, intended to accelerate the development of gaming on the famous layer 2 of Ethereum (ETH), is thus allocated funding of 225 million ARB over the next 3 years, or approximately $215 million at the current price.
💶In total, the vote garnered the commitment of more than 212 million ARBs, with a result of 76.27% in favor of yes. Significant support has been shown from names like Wintermute or Treasure DAO, while others, like Blockworks Research or the decentralized exchange (DEX) Camelot have positioned themselves against
🏛️At the same time, Arbitrum is positioned today as the largest layer 2 of Ethereum, with a total value locked (TVL) in decentralized finance (DeFi) of $3.13 billion, according to data from DefiLlama. Across all blockchains, Arbitrum is placed in 5th position, ahead of Blast and just behind Solana (SOL).
#arbitrum #Dao #DeFi #Solana #DefiLlama