The Arbitrum Foundation, a organization supporting the Ethereum Layer 2 network Arbitrum, has partnered with the protocol studio Fracton Ventures to launch Arbitrum Japan.

The initiative aims to boost Arbitrum's presence in the country, promoting ecosystem development and community education programs, according to a statement.

The Arbitrum Foundation and Fracton Ventures did not respond to a request for comment regarding how much funding was provided to the initiative and how it would be allocated.

"We feel there is huge untapped potential within the Japanese region," Arbitrum Foundation Head of Ecosystem Development Nina Rong said in the statement. "In our collaboration with Fracton Ventures, we feel we are uniquely positioned to reach a new demographic of developers, innovators and …