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The Arbitrum Foundation has officially opened applications for the third phase of its funding plan, which will run from April 15 to the end of June.
The phase aims to support dApp projects in various domains, including gaming, nft, social platforms, DAO, and defi applications. The foundation is taking a more structured approach by introducing subsidize tracks, allowing a fairer and more transparent distribution of funds depending on the stage, growth prospects and type of each project. The second phase will end on April 3.
The Arbitrum Foundation Scholarship program is open to various projects that contribute to the Arbitrum ecosystem. Throughout its last two phases, the program has focused on attracting applications from various sectors within this ecosystem. Grant amounts typically range between $10,000 and $150,000 in ARB tokens.
The Arbitrum Foundation also recently announced its collaboration with nft brand Azuki to create AnimeChain, a web3 network designed for anime fans. The network will include various anime-related content, including games, merchandise, and NFTs, with original and third-party sources.
Since its launch in March 2023, the ARB token has gained almost 35% in a year. The token reached its all-time high of $2.39 in January. According DefiLlamaThe Layer 2 network reached a TVL of $3.3 billion this month, increasing by more than $1 billion in 2024.