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Arbitrum Foundation unveils first grant program for ecosystem growth

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The Arbitrum Foundation has launched its first-ever grant program, which aligns with the Foundation’s mission to foster ecosystem growth through grants for partner projects, and educational initiatives. The program is called “Foundation Grants” and is designed to complement the Arbitrum DAO’s grants program, not replace it.

The Foundation Grants program focuses on supporting projects that will lead to increased development and adoption within the Arbitrum ecosystem. Grants will be issued based on milestones and key performance indicators (KPIs) in collaboration with each applicant.

The program will operate in distinct phases, with the initial phase concentrating on decentralized applications and infrastructure for Arbitrum Nova and Arbitrum One. Projects that do not meet the criteria for the current phase can submit proposals to the Arbitrum DAO or wait for future phases to be announced.

Projects selected to receive a grant will have the opportunity to be showcased, and the Foundation plans to include major activities of the program in its transparency report. The grant program is ongoing, with a rolling acceptance window for grant requests. Each phase is expected to last around three months or until its objectives are achieved.

The Foundation Grants program aims to support the growth, adoption, and community-building within the Arbitrum ecosystem in collaboration with various projects.

Arbitrum serves as a Layer 2 scaling solution for Ethereum, offering high throughput, low fees, and security. It is fully compatible with Ethereum, allowing users to transfer assets seamlessly between the two chains. 

Arbitrum transactions are much cheaper than Ethereum transactions. It inherits Ethereum’s security, with all transactions posted on the Ethereum blockchain.

Arbitrum is used by various projects, including Unswap, Aave, Synthetix, Immutable X, and Gods Unchained. As the Ethereum ecosystem continues to grow, Arbitrum is expected to play an increasingly important role in scaling Ethereum.

Read also; French Government grants first crypto license to Societe Generale bank

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