- Arbitrum announced a Web3 gameathon event, Arbitrum Arcade, starting March 11.
- Arbitrum kicked off its GovHack event on Wednesday, working with delegates for proposals on the ArbitrumDAO.
- ARB price climbed to $1.90 on February 28.
Arbitrum, an Ethereum Layer 2 scaling solution, has announced an event for Web3 gaming. The event is likely to attract community members, delegates and Web3 gamers. This could positively influence Arbitrum adoption and is likely to boost ARB gains.
Also read: Arbitrum price rally likely to extend as ARB TVL doubles in a year
Arbitrum focuses on Web3 gaming through event slated for March
The Ethereum Layer 2 chain made an official announcement, introducing the Arbitrum Arcade, an eight-week onchain gameathon, starting March 11. The gameathon features 24 games from the Arbitrum ecosystem, designed to offer innovative experiences to gamers, likely to boost ARB relevance and adoption among market participants.
Arbitrum collaborated with Identity and Attestation Oracle solution Clique and Ethereum Attestation Service for its gameathon.
Introducing Arbitrum Arcade, starting March 11th
— Arbitrum (,) (@arbitrum) February 27, 2024
An 8-week onchain gameathon with 24 Arbitrum games designed to highlight Web3's most innovative gaming experiences.
In collaboration with @Clique2046, built on @eas_eth.
https://t.co/x61pbYANR7 pic.twitter.com/znEy1M3PD4
Arbitrum’s foray into Web3 gaming is likely to generate interest in the community.
According to data from CoinGecko, gaming tokens like ImmutableX (IMX), Beam (BEAM), Gala (GALA), The Sandbox (SAND), and Axie Infinity (AXS) have yielded nearly double-digit gains in the past week.
Arbitrum price climbs on Wednesday
Arbitrum price climbed nearly 2% on Wednesday, likely catalyzed by the Layer 2 chain’s Web3 gaming event and the rising popularity of gaming tokens. ARB price is $1.90 on Binance, the token yielded nearly 6% losses for holders in the past week.
It remains to be seen whether recent events catalyze gains in Arbirtrum price.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Dogecoin surges to $0.20 as meme coins outperform broader crypto market
Dogecoin (DOGE) is rising alongside other major cryptocurrencies to trade at around $0.1990 on Friday. Interest in the largest meme coin is at an elevated level, approaching the highs seen in May, when DOGE rallied to $0.2597.
Crypto Today: Bitcoin explodes toward $120,000, igniting interest in Ethereum and XRP
The cryptocurrency market is beaming with anticipation of an extended rally, particularly in the price of Bitcoin (BTC), which has skyrocketed this week, hitting a new historical high of $118,870 on Friday.
Bitcoin Weekly Forecast: BTC hits new all-time high and enters price discovery mode
Bitcoin price prints a fresh all-time high near $118,900 on Friday, with bulls eyeing $120,000 as the next key milestone. Corporate and institutional demand remains robust, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday.
Ethena records double-digit gains amid Upbit listing, Coinbase partnership
Ethena (ENA) edges higher by 20% at press time on Friday, printing its fourth consecutive bullish day. The surge in buying pressure could be triggered by the increased volumes from the Korean market after the Upbit listing on Friday.
Bitcoin: BTC hits new all-time high and enters price discovery mode
Bitcoin (BTC) price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.