Catalyze Gaming Ecosystem Growth on Arbitrum

The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.

We have been following the progress of the GCP proposal since its inception and have also been involved by providing feedback through the different iterations that led to the proposal’s current form. We’re happy for the support the proposal has garnered so far and for the fact that it’s finally at the on-chain vote stage of its lifecycle, months after its inception.

It’s one of the first initiatives of this size and time horizon. It’s also one of the first initiatives of its kind with a strong focus on investment, rather than just distributing grants. We believe this approach will result in a much better alignment between the funded projects and the DAO. We hope this proposal (and the underlying legal structure) will lay the groundwork for other similar initiatives, such as M&A, AVI, and others currently being discussed in the DAO.

However, we know that with this amount of funding, the program is taking on an enormous responsibility for the entire ecosystem, as it will set the standards for proper investment decision-making and future accountability and oversight. We already declare that we will pay close attention to its execution and reporting, ensuring that the DAO remains informed and in control of the overall direction of the program.