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  7. Arbitrum community argues for memecoins over DeFi in $3.3 million DAO fund proposal

Arbitrum community argues for memecoins over DeFi in $3.3 million DAO fund proposal

The Arbitrum Decentralized Autonomous Organization (DAO) is contemplating a $3.3 million memecoin fund to foster a memecoin-friendly ecosystem within the Ethereum layer-2 blockchain network, according to a March 24 proposal on the platform’s discourse forum. According to the proposal: “The motivation of the memecoin fund is to help the Arbitrum ecosystem as a whole. Draw...

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