Through its new Gaming Catalyst Program, the business intends to provide game creators 225 million ARB tokens, worth around $215 million, within three years.

Blockchain gaming is promoted by Arbitrum

The worldwide gaming market is expected to reach $190 billion by 2025, according to Arbitrum, but there are still a lot of obstacles facing the sector, such as expensive development expenses, a lack of scalability, and security issues.

With the purpose of addressing these problems, Arbitrum's Gaming Catalyst Program provides game creators with an extensive set of tools and resources.

In order to draw top game developers to the Arbitrum platform, spur innovation, and improve user experience, the Arbitrum initiative will set aside 225 million ARB tokens over the course of the next three years. In addition to mentoring and project support, developers will have access to Arbitrum's scalable, secure, and interoperable platform.

The idea was initially put up on March 12 and was approved by the Arbitrum decentralized autonomous organization (DAO) on June 7th, with more than 75% of votes cast in favor of it.

According to the team, the program's objectives are to draw in 200–300 developer apps, guarantee that more than 20% of Web3 games utilize Arbitrum, introduce 25 new Orbits, and accomplish the greatest net migration rates among layer-2 networks.

For new and early-stage game producers, substantial incentives of up to 500,000 ARB (about $483,000) will be offered. Larger investments with value-sharing elements like tokens or equity may be available to more seasoned studios.

The remaining money will be used to support infrastructure, rewards, and operating costs in order to support the whole gaming ecosystem on Arbitrum, in addition to directly supporting developers.

The strategic ambitions of Arbitrum

The Arbitrum Foundation has been actively involved in a number of activities and projects. The company has provided funding for a film on cryptocurrencies directed by Shane Boris, the Oscar-winning director behind "Navalny," and it has collaborated with Transient Labs to improve Arbitrum's digital art platform. The foundation has also introduced Orbit, a completely permissionless chain with enhanced gas fee dependability and dedicated throughput.

Arbitrum unveiled the Atlas update on March 18 with the goal of drastically cutting prices and improving user experience overall. The upgrade optimizes transaction speeds and rates to make the system more user-friendly and economical.

In addition, the Arbitrum Foundation has declared the opening of its Phase 3 Grants Program, which is a major step forward in the organization's goal of developing and growing the decentralized application (dApp) ecosystem.

Grant tracks, a standardized method of grant granting intended to improve fairness and openness in the allocation process, are introduced in this most recent phase.

Additionally, it sorts initiatives into several funding tracks according to their kind, stage, and potential for development. Every track outlines goals and allots funds so that projects receive the specific attention and resources that correspond to their present state and long-term ambitions.

Blockchain-based video games promote the uptake of cryptocurrencies
Numerous blockchain networks have advanced Web3/blockchain-based gaming, such as the Open Network (TON), Solana (SOL), and others.

Solana and TON from Telegram were prominent figures in this field.

Numerous gaming initiatives have sprung up on TON, and a few of successful viral cryptocurrency games have become well-known. The game TapSwap has gone widespread, where users can win TAP money by tapping on digital symbols. The platform's success has been attributed to its emphasis on community interaction, which is demonstrated by features like interactive aspects and referral schemes.

StepN, a move-to-earn game that gives users tokens for exercising with the platform's NFT shoes, is another noteworthy startup on Telegram's Ton. Over 2,500 registered players have been added to the game, and its Telegram community is expanding.

Gaming initiatives using Solana, a high-performance layer one blockchain, have increased significantly.

A metaverse project called Star Atlas lets users explore and do several kinds of activities in a virtual environment. The initiative places a lot of emphasis on involving the community.

StepN is accessible on Ton and Solana on Telegram. The popularity of the game has been ascribed to its novel idea, which gives players tokens in exchange for wearing NFT sneakers to exercise.