Arbitrum’s 225 million ARB gaming catalyst program is ready to fund 100 projects in three years

More than six months after the Arbitrum DAO approved the use of 225 million ARB worth approximately $190 million to develop the network’s gaming ecosystem, the Game Catalyst Program (GCP) is ready to start investing and providing grants to gaming projects. According to the program’s first transparency report released today, GCP contributors not only created an initial entity structure to support investment authorizations, but also formed a corresponding structure to implement the GCP staffing and compensation framework. The names of the legal entities formed by GCP contributors have not yet been disclosed. The program has spent nearly $1.2 million, of which 93.5% was spent on legal fees to set up various entities and general administrative expenses including team member salaries. In the first quarter of 2025, contributors to the program will begin funding gaming projects and continue to expand the team to enhance operational capabilities. While GCP leaders have not yet made any investments or grants, the goal is to fund 100 projects within three years, the report said. "As of December 29, 2024, we have 64 projects in the pipeline, and game developers are very active as can be seen through our new website and submission form," Dan Peng, a member of the program's operations team, wrote earlier on Arbitrum's governance forum. Arbitrum Portal data shows that Arbitrum currently has 60 games in its ecosystem, including third-person shooters and baseball strategy games. (Unchained)