Arbitrum DAO plans to withdraw 225 million ARB game incentive plan, questioning poor project management and lack of transparency

Odaily News Arbitrum DAO is considering a proposal to cancel funding for the "Gaming Catalyst Program" (GCP) and recover the 225 million ARB tokens previously allocated. The proposer pointed out that the plan was approved under "overly optimistic market expectations" and has now proven to be unsustainable. Treasure DAO, one of the main supporters, has withdrawn from Arbitrum, and other key contributors have also lost or lost enthusiasm. In addition, GCP has been accused of problems such as opaque use of funds, increased team salaries, and reduced reporting obligations. The proposal stated that the project "has not even established basic operations and transparency." David Bolger, a member of the GCP committee, responded that Arbitrum has become an important gathering place for game projects, attracting more than 25 game-related chains including Ubisoft, Square Enix, and Tap Nation to build on its technology stack.
GCP was launched in March 2024 to promote the development of the Web3 gaming ecosystem on Arbitrum. It was originally planned to use most of the funds for gaming project funding within three years. Currently, community governance discussions are still ongoing and no clear consensus has been reached. (The Block)