Arbitrum DAO to Deploy $2.5 Million Ecosystem Fund

IconCryptoNewsTerminal Staff29 Aug, 2024

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Arbitrum DAO to Deploy $2.5 Million Ecosystem Fund

Arbitrum DAO to Unveil $2.5 Million Ecosystem Fund Layer 2 scaling solution Arbitrum (ARB) is set to launch a $2.5 million ecosystem grant fund next month. The fund, announced via Arbitrum's official Twitter handle, aims to foster project development, enhance security, and reduce financial barriers for builders within the Arbitrum ecosystem. According to the proposal, the fund will allocate grants ranging from $10,000 to $100,000. Projects focused on infrastructure, developer tooling, user experience, and security will be prioritized. The initiative underscores Arbitrum's commitment to nurturing its ecosystem and empowering developers. The fund is expected to further accelerate the growth and adoption of Arbitrum's Layer 2 technology.

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