Arbitrum DAO Approves Extra $23M Budget After Hitting Initial Cap, Funding All 56 Grant Applicants
- Arbitrum DAO passes $23M extra budget to fund all 56 grant applicants
- Total budget now over $70M to support emerging builders and projects
- 26 additional projects approved after initial 50M ARB token cap was reached
- Generated over $180K in fees and $43K in revenue on Dec 1.
- Some controversy over funding lower quality projects and not holding 2nd round