Arbitrum, one of the leading Layer-2 Ethereum solutions, is apparently seeking approval from the decentralized autonomous organization (DAO) for a fund of $400 million. This fund is intended to build a comprehensive gaming ecosystem.
If given approval, these funds will be dedicated to explore, develop, and expand gaming projects on the platform. The goal is each game would have its own unique gameplay, economy, and community, potentially attracting more users and brands to Arbitrum’s platform.
Generally, a DAO will reach a decision on such a proposal through its established governance process, which typically involves voting by the DAO’s token holders. The results will determine the acceptance or refusal of the proposed fund.
