Arbitrum Foundation opens phase three funding for dApps 

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The Arbitrum Basis has formally opened purposes for the third part of its funding plan, which can run from April 15 to the tip of June. 

The part goals to help dApp tasks throughout numerous domains, together with video games, NFTs, social platforms, DAOs, and defi purposes. The muse is adopting a extra structured strategy by introducing grant tracks, permitting for a fairer and extra clear distribution of funds based mostly on every challenge’s stage, progress prospects, and sort. Section two is about to finish on April 3. 

The Arbitrum Basis Grants Program is open to varied tasks contributing to the Arbitrum ecosystem. All through its final two phases, this system has centered on attracting purposes from assorted sectors inside this ecosystem. Grant quantities sometimes vary from $10,000 to $150,000 in ARB tokens.

The Arbitrum Basis additionally just lately introduced its collaboration with the NFT model Azuki to create AnimeChain, a web3 community designed for anime followers. The community will embrace numerous anime-related content material, together with video games, merchandise, and NFTs, that includes unique and third-party sources. 

Since its launch in March 2023, the ARB token has gained almost 35% in a 12 months. The token reached its all-time excessive of $2.39 in January. In keeping with DefiLlama, the Layer 2 community reached a TVL of $3.3 billion this month, growing by over $1 billion in 2024. 

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