AGV Transparency Report #2 (H1 2025)

[ArbitrumGaming]

Hey everyone,
Today we’re publishing Transparency Report #2 for Arbitrum Gaming Ventures (AGV). Please take a look via the following DocSend link:

AGV Transparency Report #2

Note: This report reflects program activity and financial data through May 31, 2025. It does not include deployments, progress, or transactions finalized after that date.

Transparency Report #2 highlights what we shipped and what we learned in H1 2025, as well as a look at where we’re heading next:

• Capital deployment. A breakdown of how we’re allocating funds, how deals move through our funnel, and how we’re thinking about reserves, risk, and runway.

• Portfolio visibility. A snapshot of the teams we’re backing and how they represent our broader thesis around games, infrastructure, and creator-centric tooling.

• Market signals. Key insights from the front lines of web3 gaming and entertainment—what’s picking up momentum, and how we’re positioning accordingly.

• Internal evolution. Updates on AGV’s operational structure, governance alignment, and how we’re scaling systems to support more capital and more builders.

Why this matters
AGV exists to support the next generation of builders shaping the future of gaming, with a core focus on advancing the Arbitrum ecosystem and delivering long-term value back to the DAO. As a DAO-funded initiative, we owe it to the community to report clearly and consistently. This isn’t just a retrospective, it’s a shared checkpoint on where we stand, how we’re performing, and where we’re headed.

Feedback & discussion
We’re here to listen. Drop your comments below, tag us on the Forum, or catch us during the next Governance Reporting Call. If you’d like a 1-on-1 walkthrough of the numbers, DM @Insomniac, @Atomist, @RickJohanson, or @Djinn.

Thanks for reading—and for helping us keep this venture aligned with the values of the Arbitrum DAO.

[Tekr0x.eth]

Thanks for sharing the transparency report. I know these reports take time and can pull some focus away from AGV’s main goals, but keeping the DAO informed is really important. We appreciate the update and it’s great to see the progress being made.

I went through the report and have a few questions:

1. In the Historical Pipeline, you mentioned that 8 leads received funding, but the portfolio overview only shows 6. Are the other two still private, or what is the reason they are not disclosed?

2. In the Active Pipeline section, it says there are 30+ active deals. Based on the past conversion rate of 4%, this doesn’t seem like enough or am I reading the graph wrong. It’s been mentioned several times that we can expect a big increase in closed deals in 2025. Is that still the plan? How many new deals are projected by the end of H2 2025?

3. Looking at the investment activity, the “percentage spent from total”. Is it realistic to expect that most of the funds will be deployed in 2026, as mentioned in the report, before things slow down in 2027? It feels like this could create pressure to ramp up spending. Both in investments and grants. Are you still confident in this fund deployment timeline? Do you ever feel the AGV fund might be too large for such a short timeframe?