Applications for the third phase of the Arbitrum Foundation’s funding plan, which runs from April 15 to the end of June, are now officially open.
This phase aims to support dApp projects in various industries, such as gaming, NFTs, social media, DAOs, and defi applications.
Through the introduction of grant tracks, the foundation is taking a more systematic approach that will enable a more equitable and transparent distribution of funding according to each initiative’s stage, development potential, and nature. The conclusion date of phase two is April 3.
Projects that add to the Arbitrum ecosystem are eligible to apply for grants from the Arbitrum Foundation. The program’s latter two rounds have been devoted to drawing applications from various industries within this ecosystem.
The usual range of grant payments in ARB tokens is $10,000 to $150,000. Recently, the Arbitrum Foundation also revealed that it has partnered with the NFT brand Azuki to develop AnimeChain, a web3 network specifically for anime enthusiasts.
The network will provide a variety of anime-related content from both independent and third-party sources, including games, products, and NFTs. ARB token has increased by around 35% in a year from its introduction in March 2023.
In January, the token hit an all-time high of $2.39. The Layer 2 network’s TVL increased by more than $1 billion in 2024, to reach $3.3 billion this month, according to DefiLlama.
