The third phase of the Arbitrum Foundation's Grants Program is officially launching, with applications opening on April 15th.

Arbitrum Foundation The Arbitrum Foundation, which plays a crucial role in promoting and supporting the Arbitrum (ARB) ecosystem, has announced that it is ready to accept applications for the third segment of its Grants Program starting April 15th, following the completion of the second phase on April 3rd.

The Grants Program is designed to support emerging teams as they embark on their journey within the blockchain sector. Arbitrum Its primary goal is to promote the growth of the Arbitrum community, attracting skilled infrastructure providers to enhance the overall functionality of the network. This includes broadening the application of Arbitrum technology across different sectors, use cases, and project types.

In the upcoming Phase 3, the focus will remain on decentralized applications (dApps), but a new structure for allocating grants will be introduced through categorized grant tracks. Projects will be classified based on their development stage, potential for growth, and type, with clearly defined goals and funding amounts for each track to ensure transparency and fairness in funding distribution.

The Grants Program invites proposals from projects that are engaged in or supporting the Arbitrum community. However, during Phase 3, there will be a particular focus on dApp projects—including areas like games non-fungible tokens (NFTs), social networking sites, decentralized autonomous organizations (DAOs), and DeFi applications.  

The Grants Program is designed to provide financial support for both small and larger teams, offering grants of up to $150,000 in ARB Tokens.

The program features two distinct types of grants tailored to meet the unique needs of applicants. The Growth Grant is aimed at small to medium teams with proven skills in smart contract development and Web3 product creation wishing to launch their projects on Arbitrum. These grants can go up to $50,000.

Moreover, there is the Advanced Growth Grant, intended for larger teams boasting significant expertise and a strong record in delivering Web3 products, looking to deploy their initiatives on the Arbitrum platform. The upper limit for these grants is set at $150,000.

Typically, the range for most approved grants falls between $10,000 and $150,000 in ARB tokens.

Applications that align well with the goals of Arbitrum by including growth-focused benchmarks and key performance indicators (KPIs), along with a clear timeline for launching on the mainnet, are likely to receive favorable consideration for the Grants Program.