New Proposal Sparks Debate in Crypto Community

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by Giorgi Kostiuk

2 years ago

Made with AI

New Proposal Sparks Debate in Crypto Community

A recent controversial proposal has stirred discussions within the cryptocurrency community. The topic under scrutiny involves Arbitrum's (ARB) Reputation NFTs potentially enabling retroactive airdrops in the future.

ArbitrumDAO has unveiled its innovative Reputation NFTs system, set to be implemented on the Arbitrum (ARB) platform in the near future. TogetherCrew experts have been granted the opportunity by ArbitrumDAO to explore this new system. This announcement was made public on Arbitrum's primary community platform by Daniel Ospina from RnDAO.

RnDAO has incubated TogetherCrew to develop a mechanism that assesses and validates the genuine social media engagement of Arbitrum (ARB) supporters. Contributors will generate nontransferable NFTs at no cost using the TogetherCrew UI to create Reputation NFTs.

The algorithm embedded in the system will scrutinize discussions and construct social connectivity graphs, determining the level of community engagement of individuals. This strategy, resistant to Sybil attacks, can be utilized for incentivization, as a verifiable membership credential, and more.

The grant request highlights Discord, Discourse, Telegram, and Github as potential platforms for scrutiny within the mechanism. However, the finalized list of eligible social media platforms remains undisclosed.

Massive Gaming Catalyst Program Launched by Arbitrum (ARB)

Arbitrum (ARB) recently initiated an extensive Gaming Catalyst Program with an investment of $210,000,000. While the project is financially supported through grants, the precise timeline for its activation has not been revealed yet. The platform that powers Arbitrum's Reputation NFTs has already implemented similar systems for Aave and other key players in the crypto sphere.

The Arbitrum (ARB) community approved the launch of a colossal gaming-focused initiative, distributing 225 million ARB tokens to the newly established Gaming Catalyst Program (GCP). The primary objective of this program is the accelerated adoption of Arbitrum (ARB), the L3 development framework Orbit, and the language-neutral SDK Stylus in the realms of Play-to-Earn and GameFi.

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