StableLab’s Stance
We at StableLab are in full support of this great proposal. As delegates at both Arbitrum and Rari DAO, we believe this proposed partnership would produce value for both projects.
Attracting NFT Activity
According to the data provided in the proposal, Arbitrum is lagging behind other L2s in terms of NFTs activity. We need to encourage NFT builders to build on Arbitrum as opposed to other chains so we can attract new ideas and more activity to the NFT scene on Arbitrum.
The graphic above shows that NFT volume is currently very low with only a few NFT marketplaces existing on Arbitrum.
Partnering with Rari to make it easier and cheaper for builders to come to Arbitrum will help attract attention and show the crypto community that Arbitrum is serious about NFTs. Especially given the exposure Rarible can provide with their 1 million MAU and large social media following. This could not only bring in new NFT activity but also allow more people to discover Arbitrum as a whole.
Sends a Larger Message
This move also sends a strong signal to the broader crypto community that Arbitrum is willing to experiment and establish partnerships in order to expand the Arbitrum ecosystem, attracting future prospective partners and projects.
Budget
Finally, we believe the $100,000 funding request is a fair ask as this is a tiny amount (0.0028%) of the total DAO treasury for a proposal that aims to bring new activity and revenue to the Arbitrum ecosystem.