The Arbitrum Foundation has officially opened applications for the third phase of its funding plan, which will run from April 15 to the end of June.
The phase aims to support dApp projects across various domains, including games, NFTs, social platforms, DAOs, and defi applications. The foundation is adopting a more structured approach by introducing grant tracks, allowing for a fairer and more transparent distribution of funds based on each project’s stage, growth prospects, and type. Phase two is set to end on April 3.
What’s new?
Grant Tracks.
– Phase 3 will continue to focus on dApps but introduce a more standardized approach to awarding grants: grant tracks.
– Projects will fall under a dedicated grant track based on the stage, growth projection & type.
– Each grant track will have…— Arbitrum (💙,🧡) (@arbitrum) March 29, 2024
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The Arbitrum Foundation Grants Program is open to various projects contributing to the Arbitrum ecosystem. Throughout its last two phases, the program has focused on attracting applications from varied sectors within this ecosystem. Grant amounts typically range from $10,000 to $150,000 in ARB tokens.
The Arbitrum Foundation also recently announced its collaboration with the NFT brand Azuki to create AnimeChain, a web3 network designed for anime fans. The network will include various anime-related content, including games, merchandise, and NFTs, featuring original and third-party sources.
Since its launch in March 2023, the ARB token has gained nearly 35% in a year. The token reached its all-time high of $2.39 in January. According to DefiLlama, the Layer 2 network reached a TVL of $3.3 billion this month, increasing by over $1 billion in 2024.
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