PANews reported on May 14th that according to NFT Plazas, Ethereum Layer 2 network Arbitrum announced an investment of $10 million in blockchain game projects through its newly established venture capital program Arbitrum Gaming Ventures. This funding is part of the $200 million plan funded by Arbitrum DAO, focusing on supporting early-stage projects within the Arbitrum ecosystem. This is the first major funding under the plan, with venture capital firms Paradigm, Framework Ventures, and BITKRAFT also participating. Five projects have been funded, covering game development and infrastructure, including the multiplayer competitive game Wildcard, game-specific Rollup solution Hyve Labs, Layer 3 game chain Xai based on Arbitrum Orbit, game studio Proof of Play, and T-Rex, an infrastructure focused on consumer blockchain.
