The Japan move came from the Ethereum Layer-2 protocol Arbitrum, which announced the long-awaited airdrop news in March.
Accordingly, Arbitrum Foundation has partnered with Fracton Ventures to increase Arbitrum's presence in Japan and launch Arbitrum Japan.
In the statement, it was stated that the partnership aims to promote the adoption of Arbitrum's scaling technology in Japan and increase Arbitrum's presence in the country by encouraging ecosystem development and community education programs.
Arbitrum Foundation Head of Ecosystem Development Nina Rong said in a statement:
“We feel there is great untapped potential in the Japanese region.
“In our collaboration with Fracton Ventures, we think we are uniquely positioned to reach a new demographic of new developers, innovators, and blockchain-savvy consumers who have not previously enjoyed the benefits of blockchain technology.”
Siddharth Pillai, Head of Partnerships at Fracton Ventures, said, “We felt strongly about the opportunity to grow Arbitrum in Japan and that we would be the best partner to help bring Arbitrum Japan's vision to life. Our region is ripe for innovation in the blockchain sector. But now blockchain with Arbitrum Japan They will have the opportunity to fully benefit from the power of.” said.
ARB is among the altcoins that experienced the highest increase with a 7.51% increase in the last 24 hours. ARB continues to trade at $0.896 at the time of writing.
*This is not investment advice.