The Block11 minutes ago

Published on March 14, 2024 19:10 GMT+00:00edited on March 14, 2024 19:14 GMT+00:00

Arbitrum Foundation wants to expand into blockchain gaming and is aiming to "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, Arbitrum Foundation outlined its 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," the organization said in its post. "This dynamic has not occurred within the web3 gaming …