Arbitrum Invests $10 million in Blockchain Gaming Projects, Five Projects Have Been Funded

According to NFT Plazas, Ethereum Layer2 network Arbitrum has announced a $10 million investment in blockchain gaming projects through a newly formed venture capital program, Arbitrum Gaming Ventures. The funding is part of a $200 million program funded by Arbitrum DAO and focused on supporting early-stage projects within the Arbitrum ecosystem. It is the first major funding under the program, with the participation of venture capital firms Paradigm, Framework Ventures, and BITKRAFT. Five projects have been funded covering game development and infrastructure, including multiplayer competitive game Wildcard, game-specific Rollup solution Hyve Labs, Arbitrum Orbit-based Layer 3 game chain Xai, blockchain game studio Proof of Play, and consumer blockchain-focused infrastructure T-Rex.