ARBITRUM DAO MULLS WINDING DOWN UNSUSTAINABLE WEB3 GAMING FUND

Arbitrum DAO mulls winding down unsustainable Web3 gaming fund. Arbitrum airdrop hype grips DeFi world: Finance Redefined. Arbitrum extends lead over Optimism as Uniswap posts record volume on L2. Arbitrums DAO to receive over 3,350 ETH in revenue from transaction fees. Arbitrum DAO boosts ARB utility with staking and governance upgrades. Arbitrum (ARB) Crypto News Today. Arbitrums TVL surges to $1.5B as DeFi degens ape into ArbiNYAN. Arbitrum Discord hacker shares phishing announcement amid airdrop hype. Arbitrum (ARB) falls to all-time low as network usage metrics decline. 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., Members of Arbitrum s decentralized autonomous organization (DAO) are discussing a potential clawback of funds allocated to build a gaming ecosystem on the network, 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., 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., The GCP was announced on Ma, the program s launch coincided with a 2.2 billion token unlock, citing a lack of progress and, launched in March 2025. Arbitrum DAO mulls winding down unsustainable Web3 gaming fund Ecosystem, to foster the growth of Web3 gaming within the Arbitrum ecosystem. The program allocated 225 million ARB tokens, leading to a drop in ARB, The GCP was introduced on Ma, 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, Van der Heyden explained that the GCP was approved based on overly optimistic projections, A DAO member has proposed to claw back unused funds from Arbitrum s Gaming Catalyst Program, citing a lack of progress and transparency. /p On March 24, 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..