Galxe's commitment to fostering growth and vitality of the Web3 ecosystem takes a giant leap forward with the exciting news of securing a $500,000 grant from Arbitrum STIP! ARB STIP, or Arbitrum Short-Term Incentive Program, is a community grants initiative set to distribute 50 million ARB tokens to whitelisted projects.

Galxe is giving back the grant to community and introducing Galxe’s Arbitrum STIP Blast to foster a culture of collaboration. The Campaign will break into 3 rounds, running through Jan. 31st, 2024. Each participating project will receive a grant to launch their own Token Rewards Campaign in this collection and friendly compete for more allocation into the next round by generating more onchain transactions and community engagement.