Arbitrum, the largest layer-2 network on Ethereum, has awarded its largest-ever developer grant to Lotte Group, a South Korean conglomerate, for its metaverse gaming platform, Caliverse. The grant solidifies Arbitrum as the primary blockchain infrastructure provider for Lotte's platform. Lotte's integration with Arbitrum could signal renewed interest from traditional companies in blockchain-based virtual worlds. Caliverse allows users to explore virtual worlds with various media content and shopping experiences. The integration with Arbitrum will enable users to pay for services using crypto and allow in-game transactions to run on-chain. Arbitrum has become a popular choice for gaming platforms, hosting 119 game titles and 23 gaming-focused blockchains. The grant was awarded by the non-profit Arbitrum Foundation in $ARB tokens.



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