PANews reported on May 14 that according to NFT Plazas, Ethereum Layer2 network Arbitrum announced an investment of $10 million in blockchain game projects through the newly established venture capital program Arbitrum Gaming Ventures. This funding is part of the $200 million plan funded by Arbitrum DAO, focusing on supporting early project construction within the Arbitrum ecosystem. This is the first major funding under the plan, and venture capital firms Paradigm, Framework Ventures and BITKRAFT are also involved. Five projects have been funded, covering game development and infrastructure, including the multiplayer competitive game Wildcard, the game-specific Rollup solution Hyve Labs, the Layer3 game chain Xai based on Arbitrum Orbit, the chain game studio Proof of Play, and the consumer blockchain-focused infrastructure T-Rex.