Key Points:
The news was accompanied by a short video that features Ed Felten, co-founder of Offchain Labs, stating, “Let’s build Arbitrum together. 3.23.” The tweet has already garnered over 1.4 million views. Offchain Labs is a leading New York-based company that developed Arbitrum, a layer 2 roll-up platform currently holding the fourth-largest blockchain by total value locked.
Arbitrum has taken a significant step towards decentralization by launching its ARB token. According to a blog post, the token’s launch aims to “enable community-driven DAO governance.” In a Twitter space, Steven Goldfeder, co-founder, and CEO of Offchain Labs, highlighted the importance of community involvement in the project’s growth. He said, “There has to be a community first. There has to be a DAO, and this is the natural time to do that and to empower the community in that way.”
Arbitrum’s Discord channel has been bustling with activity since the announcement, with thousands of users sharing their emotions in the general chat. While some users are thrilled about the prospect of receiving “free money,” others express frustration at being ineligible for the airdrop despite meeting the criteria.
Many users seek assistance with the airdrop, asking questions about the February snapshot and the circulating supply of ARB tokens during the launch. Additionally, the channel has been abuzz with messages speculating about the possible price level of the ARB token.
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