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The Arbitrum community has seen significant developments with the passing of the AIP-3 Funding and the incorporation of Plurality Labs as a subsidiary of ThriveCoin, which will use its Thrive Protocol to auto-validate, auto-reward, and auto-record on-chain DAO contributions. However, the withdrawal of the r3gen team due to contractual complexities with Plurality Labs poses a potential setback to the community's progress.
The discussion revolves around the recent developments in the Arbitrum community. DisruptionJoe announced the successful passing of the AIP-3 Funding the Arbitrum Grants Framework with an overwhelming majority of votes1. This has paved the way for the community's first initiatives, including GitCoin grant rounds and September Gov Month1.
In a significant move, Plurality Labs, Inc. was incorporated as a wholly-owned subsidiary of ThriveCoin, Inc., while maintaining full operational independence1. The Thrive Protocol, owned by ThriveCoin, will be used to auto-validate, auto-reward, and auto-record on-chain any contributions to the DAO1.
The community has largely reacted positively to these developments. Users such as Lindsey, Limes, Db_DefiEdge, and Jengajojo have congratulated the Plurality Labs team and expressed their anticipation for the upcoming initiatives2,3,4,5.
However, there has been a setback as Pepperoni_Jo3 announced that the r3gen team will no longer be able to support the work scope at Arbitrum DAO due to contractual complexities between r3gen Finance and Plurality Labs6.
The passing of the AIP-3 Funding and the formation of Plurality Labs as a subsidiary of ThriveCoin are seen as positive steps towards the growth and development of the Arbitrum community. The integration of Thrive Protocol to auto-validate, auto-reward, and auto-record on-chain contributions to the DAO is expected to incentivize better grant-giving1.
The withdrawal of the r3gen team from supporting the work scope at Arbitrum DAO due to contractual complexities is a negative development6. This could potentially impact the progress of the initiatives and the overall functioning of the DAO.
Posted 4 months ago
Last reply 2 months ago
Summary updated a month ago
Last updated 05/12 01:15