Summary
- Arbitrum DAO is reportedly considering reclaiming 225 million tokens from the Gaming Catalyst Program.
- The program was approved with optimistic prospects but is now deemed unsustainable, mentioning the possibility of major sponsors leaving or having left.
- Issues such as opaque fund usage and failure to fulfill reporting obligations were pointed out in the program.
Arbitrum (ARB) Decentralized Autonomous Organization (DAO) is reportedly considering withdrawing from an incentive program aimed at the development of the gaming ecosystem.
According to The Block, a cryptocurrency-focused media outlet, on the 24th (local time), Arbitrum DAO is contemplating whether to reclaim funds from the gaming ecosystem incentive initiative known as the 'Gaming Catalyst Program.'
In the related proposal, Arbitrum DAO explained, "The Gaming Catalyst Program was approved with very optimistic prospects, but it is now deemed unsustainable," adding, "This decision was made because major sponsors have already left or may leave."
Additionally, the Gaming Catalyst Program reportedly faced issues such as opaque fund usage, team salary increases, and failure to fulfill reporting obligations.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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