Arbitrum invests $10 million in blockchain gaming projects, with five projects already funded

PANews May 14th news, according to NFT Plazas, Ethereum Layer2 network Arbitrum announced that it would invest $10 million in blockchain gaming projects through its newly established venture capital plan Arbitrum Gaming Ventures. The funding part of the $200 million program funded by Arbitrum DAO is focused on supporting early-stage projects within the Arbitrum ecosystem, the first major funding under the program, with venture capital firms Paradigm, Framework Ventures and BITKRAFT also involved. Five projects have been funded to cover game development and infrastructure, including multiplayer competitive game Wildcard, game-specific Rollup solution Hyve Labs, Arbitrum Orbit-based Layer3 game chain Xai, chain game studio Proof of Play and T-Rex, an infrastructure focused on consumer blockchain.