Arbitrum Distributes 225 Million ARB Tokens Equivalent To IDR 3.4 Trillion, This Is The Goal!

Arbitrum distributes 225 million ARB tokens equivalent to IDR 3.4 trillion, this is the goal! (Photo; Doc. Xapawallet)

JAKARTA - Foundation Arbitrum, the developer behind Ethereum's Ethereum 2th Anniversary scale improvement solution, Arbitrum (ARB), has announced a significant allocation of funds to advance the gaming industry in its ecosystem. A proposal from the Gaming Catalytics Program (GCP) has been approved, which will distribute 225 million ARB tokens, equivalent to 215 million US Dollars (approximately IDR 3.4 trillion), over the next three years. The initiative aims to expand reach and increase interest in the video game industry, focusing on potential developers and gamers.

Arbitrum Initiative For Gaming

Launched in March, GCP has been greeted with enthusiasm by the community, with 75% of voters supporting the initiative. Major supporters including L2Beat, Wintermute, and Treasure DAO focused on gaming, while Blockworks Research and airshed DAO opposed. Quoted from CoinGape, Treasure DAO expressed its support on social media by saying, Arbitrum is a gaming house - let's make magic happen, shows great enthusiasm for developing the gaming category in Arbitrum.

These funds are primarily aimed at publishing and game development companies. New and growing game developers can access up to 500.000 ARB US Dollars (approximately IDR 8 billion), while larger developers can look for investments involving sharing value through tokens, equity, or other methods. This strategic investment is designed to support the development and growth of new games in the growing gaming industry of Arbitrum.

GCP Governance

A staff team will run GCPs daily, while a board of five with experience in gaming, venture capital, data analysis, and DAO governance will oversee the program. The board has veto rights to investment decisions and team appointments, ensuring proper program implementation and in accordance with set rules.

GCP has set a budget limit of 25 million US Dollars (approximately IDR 404 billion) to control operational costs. Each expenditure above this amount must obtain DAO approval, showing strict and transparent financial policy.

Although the price of ARB tokens has decreased to 0.9638 US Dollars (approximately IDR 15,603), down 1.40%, and trading volume decreased by 32.17%, strategic investment through GCP is expected to stimulate long-term growth. This program is expected to attract new players and developers, who have the potential to strengthen and improve the performance of the ARB token market.