Arbitrum (ARB) Foundation announced the launch of the third phase of its funding plan. The application process for this phase will be open from April 15 until the end of June.
This phase will primarily focus on decentralized application (dApp) projects, including games, Non-Fungible Tokens (NFTs), social platforms, Decentralized Autonomous Organizations (DAOs) and Decentralized Finance (DeFi). Projects will be categorized according to their stages, growth forecasts and types, and allocated to specific financing channels.
The application form for Phase 2 will officially close on April 3, 2024. Following this, new applications for Phase 3 will open on April 15, 2024.
The grants in question will be distributed to developers in ARB.
Previously, Arbitrum held a public competition in October as part of a $44 million short-term incentive program.
Projects funded by Arbitrum's incentive program have mostly grown in terms of total value locked (TVL), volume, fees, and daily active users (DAUs) after receiving funding. However, the cryptocurrency market as a whole has increased over this time period, so it is probably too early to draw conclusions about the funds' effectiveness.
*This is not investment advice.
