Arbitrum DAO plans to divest 225 million ARB game incentive plan, questioning project mismanagement and lack of transparency

The Arbitrum DAO is considering a proposal to withdraw funding from the Gaming Catalyst Program (GCP) and recover 225 million ARB tokens previously disbursed. The proponents point out that the program was approved in the face of overly optimistic market expectations and has now proven unsustainable. Treasure DAO, one of the main backers, has withdrawn from Arbitrum, and other key contributors have also lost or lost enthusiasm. In addition, GCP has been accused of opaque use of funds, increased team compensation, and reduced reporting obligations. The proposal claims that the project has not even established basic operational and transparency. GCP committee member David Bolger responded that Arbitrum has become an important gathering place for game projects, attracting more than 25 game-related chains, including Ubisoft, Square Enix, and Tap Nation, to build on its technology stack.
GCP was launched in March 2024 to promote the development of the Web3 game ecosystem on Arbitrum, and was originally scheduled to use most of the funds for game project funding within three years. At present, community governance discussions are still ongoing and no clear consensus has been reached.