The Arbitrum Foundation is now accepting applications for the third phase of its funding program, running from April 15 to the end of June. This phase aims to support dApp projects in various domains, including games, NFTs, social platforms, DAOs, and DeFi applications. The foundation is implementing grant tracks to ensure a fair and transparent distribution of funds based on each project’s stage, growth prospects, and type.

**What’s New in Phase 3:**

– Grant Tracks: A more standardized approach to awarding grants based on project stage, growth projection, and type.
– Projects will be placed in dedicated grant tracks.
– Each grant track will have specific criteria for funding.

The Arbitrum Foundation Grants Program is open to projects contributing to the Arbitrum ecosystem. Grant amounts typically range from $10,000 to $150,000 in ARB tokens. Recently, the foundation announced a collaboration with NFT brand Azuki to create AnimeChain, a web3 network for anime fans. This network will feature anime-related content, including games, merchandise, and NFTs from original and third-party sources.

Since its launch in March 2023, the ARB token has seen a 35% increase in value. The token reached an all-time high of $2.39 in January. According to DeFiLlama, the Layer 2 network has reached a TVL of $3.3 billion in 2024, increasing by over $1 billion this year.

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