What is this about?

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.

How is the community reacting?

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 initiatives^2,3,4,5.

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.

Why this is positive?

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.

Why this is negative?

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.