Recently, Arbitrum unveiled its highly ambitious foundation financing ambitions for phase 1.

Arbitrum Foundation Grants Will Be Phased and Phase 1 Goals Announced

The foundation grant program is intended to be an ongoing project with the goals of strengthening the infrastructure of Arbitrum Nova and Arbitrum One, as well as the creation and acceptance of decentralized applications. The first phase’s main objective is to accelerate the development and potential of DApps running on Arbitrum while also improving the underlying infrastructure to provide users with a seamless and effective experience. Developers and innovators within the crypto community can anticipate accessing resources and help to develop more potent and user-friendly solutions with the support of the foundation funding.

On the other hand, the announcement of the first phase of the grant program was made on Arbitrum’s official Twitter account.

The grants also aim to support healthy and sustainable communities within the ecosystem. The foundation aspires to foster a vibrant and active community that works together to push the frontiers of blockchain scalability and usability by funding initiatives that contribute to the expansion of the ARB network.

The Grant Program Will Have Different Phases

Importantly, the foundation has made it clear that the grant program will develop in distinct phases, each of which has its own goals and objectives. However, there is no set conclusion date for these stages, unlike conventional grant programs. The program will instead go on until the Arbitrum Foundation decides the phase’s goals have been sufficiently achieved.

Although the length of the first phase has not been determined, it is expected to last for about three months. Developers and project teams will have the chance to outline their plans for advancing decentralized applications and the Arbitrum infrastructure during this period and submit their suggestions and ideas for consideration.