Arbitrum Foundations Grant Program Launches Phase 3

Key Points:

• Arbitrum opens applications for the third phase of the Arbitrum Foundations Grant Program from April 15 to June end, targeting dApp projects.
• The program offers milestone-based funding in ARB tokens to boost adoption, strengthen tech, and build communities.
• Previous initiatives include public contests and extended incentives, showcasing commitment to ecosystem growth.

The Arbitrum Foundation has announced the opening of applications for the third phase of the Arbitrum Foundations Grant Program, set to run from April 15th until the end of June.

Read more: Top 5 DeFi Projects On Arbitrum

Arbitrum Foundations Grant Program Launches Phase 3 for dApp Innovators

This phase will prioritize dApp projects spanning games, NFTs, social platforms, DAOs, and DeFi applications. Projects will undergo evaluation based on their stage, growth projections, and category and will be allocated funding through dedicated channels.

The Arbitrum Foundations Grant Program, aimed at fostering growth within the Arbitrum ecosystem, provides builders with funding tied to project milestones. The grants, which will be issued in ARB tokens, aim to enhance the adoption of Arbitrum chains, reinforce technical frameworks, and cultivate sustainable communities within the ecosystem.

Recap of Previous Initiatives and Future Directions

Designed to incentivize development that enhances the Arbitrum platform, the Arbitrum Foundation Grant Program seeks to support projects contributing to its evolution. By offering financial aid, the foundation encourages developers to create innovative and impactful dApps, thereby broadening Arbitrum’s influence and utility in the blockchain realm.

Previously, Arbitrum conducted a public contest in October as part of a $44 million short-term incentives program. Following this, in November, it expanded the initial round of incentives by allocating approximately $20 million in ARB tokens to “backfund” applicants whose proposals passed but narrowly missed out on funding due to tiebreakers.