Arbitrum DAO member proposes $120 million recall from gaming fund that missed deadlines

The Arbitrum DAO’s Gaming Catalyst Program (GCP), created to boost gaming on the network, is facing criticism for missed deadlines and poor communication. Launched in June 2023 with a budget of 225 million ARB tokens, the program has fallen short of key goals, like issuing grants and setting up a website. DAO member Joseph Schiarizzi proposed pulling 220 million ARB tokens back to the treasury, not to end the program, but to push for more transparency. Offchain Labs’ CEO, Steven Goldfeder, admitted there have been delays but said progress is ongoing, with biweekly meetings held. Schiarizzi stressed that he just wants the program to get back on track with better updates. Show Less

https://www.theblock.co/post/320819/arbitrum-dao-member-proposes-120-million-recall-from-gaming-fund-that-missed-deadlines
 25
2024 Cyrator - Verified Crypto Intel

Disclaimer: The content presented on this website, including any analyses, reviews, and ratings, is provided for informational purposes only and should not be considered financial advice. Cyrator does not endorse or recommend any financial transactions or investments based on the information available on this platform. Visitors to this site should perform their own due diligence and consult with a professional financial advisor before making any investment decisions. Cyrator is not liable for any actions taken, financial or otherwise, based on information or links from this website.