Arbitrum Gaming Ventures, a 200 million ARB initiative (around $65 million), revealed on Thursday, May 8 its first wave of investments and grants aimed at supercharging gaming on the Arbitrum network. Arbitrum is an Ethereum based Layer 2 (L2) scaling solution with a total value locked (TVL) of approximately $2.7 billion, according to DeFiLlama . The first round of funding, totaling around $10 million, is going to a group of experienced founders developing everything from games to publishing platforms and infrastructure, according to a press release viewed by The Defiant. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io