ARBITRUM DAO MULLS WINDING DOWN UNSUSTAINABLE WEB3 GAMING FUND

Arbitrum DAO mulls winding down unsustainable Web3 gaming fund. Arbitrum to distribute $215M in ARB tokens for gaming innovation. Arbitrum DAO votes on $1M fund for Tornado Cash devs legal defense. Arbitrum TVL, ARB price doubled in a month —Whats next?. Arbitrum airdrop sells off at listing, but traders remain bullish on ARB. Arbitrum DAO passes $23M extra budget to fund all grant applicants. Arbitrums DAO to receive over 3,350 ETH in revenue from transaction fees. Arbitrum whales move $58M to exchanges after token unlock. intended to fund gaming studios and solidify Arbitrum s position in blockchain gaming. However, Van der Heyden stated that the program was approved when projections were exceptionally optimistic but has proved unsustainable. He urged the DAO to wind down GCP activities and secure all possible funds to protect the organization's resources and restore investor confidence. Community sentiment appears mixed on the proposal., launched in March 2025. Arbitrum DAO mulls winding down unsustainable Web3 gaming fund Ecosystem, leading to a drop in ARB, The GCP was announced on Ma, citing a lack of progress and, citing a lack of progress and transparency. /p On March 24, p Members of Arbitrum 8217;s decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network, to foster the growth of Web3 gaming within the Arbitrum ecosystem. The program allocated 225 million ARB tokens, Van der Heyden explained that the GCP was approved based on overly optimistic projections, as a way to fuel the growth of Web3 gaming within the Arbitrum ecosystem. It allocated about 225 Arbitrum (ARB) tokens worth roughly 468 million. The funds went to investing in promising studios and games for network development and establishing Arbitrum as a leader for onchain gaming., A DAO member has proposed to claw back unused funds from Arbitrum s Gaming Catalyst Program, The GCP was introduced on Ma, the program s launch coincided with a 2.2 billion token unlock, DAO member Nathan van der Heyden submitted a proposal calling for the recovery of unused funds allocated to the Arbitrum Gaming Catalyst Program (GCP). The, which have since proven unsustainable. He stressed the need to wind down the program and recover as much capital as possible to protect the DAO s funds and restore investor confidence in the DAO s ability to allocate resources effectively., Members of Arbitrum s decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network..